MERCHANTS BANCORP/IN (MBIN) Stock Technical Analysis
NASDAQ:MBIN - Nasdaq - US58844R1086 - Common Stock - Currency: USD
Overall MBIN gets a technical rating of 7 out of 10. MBIN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
MBIN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, MBIN outperforms 44% of them, which is more or less in line with the market.
MBIN is an average performer in the Financial Services industry, it outperforms 50% of 101 stocks in the same industry.
MBIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MBIN is lagging the market.
MBIN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
35.23
43.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 41.46 to 41.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.59 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.11 to 43.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.77
Mansfield-0.79
10 Day High43.77
10 Day Low41.34
20 Day High43.82
20 Day Low38.64
52 Week High53.27
52 Week Low34.16
Performance
1 Week-2.81%
2 Weeks-3.83%
1 Month5.95%
3 Month0.92%
6 Month-10.57%
12 Month-0.29%
2 Year37.09%
3 Year43.25%
5 Year245.2%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.19
RSI(14)50.97
LBB41.13
UBB44.03
41.47
-1.24 (-2.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-2.9%
1 Week-2.81%
2 Weeks-3.83%
1 Month5.95%
3 Month0.92%
6 Month-10.57%
12 Month-0.29%
2 Year37.09%
3 Year43.25%
5 Year245.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%3.56%
ATR Inc40.97%
Range Today2.43
ADR(20)1.36
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.77
Mansfield-0.79
10 Day High43.77
10 Day Low41.34
20 Day High43.82
20 Day Low38.64
52 Week High53.27
52 Week Low34.16
CS1 End41.46
CR1 Start42.11
Volume & EV
DER(3)-2.28%
DER(5)-1.72%
Volume97.20K
Volume Incr-47.4%
Vol(5)101.76K
Vol(50)163.68K