MERIDIAN CORP (MRBK) Stock Technical Analysis
NASDAQ:MRBK - Nasdaq - US58958P1049 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to MRBK. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month MRBK has a been trading in the 15.58 - 17.07 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, MRBK did better than 90% of all other stocks. We also observe that the gains produced by MRBK over the past year are nicely spread over this period.
MRBK is part of the Banks industry. There are 405 other stocks in this industry. MRBK outperforms 94% of them.
MRBK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MRBK is lagging the market slightly.
Although MRBK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.51
17.26
We found 4 important support areas.
- A support zone ranging from 14.50 to 14.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.70 to 13.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.35 to 13.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.08 to 17.09. This zone is formed by a combination of multiple trend lines 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
CRS90.73
Mansfield2
10 Day High17.07
10 Day Low15.58
20 Day High17.07
20 Day Low15.58
52 Week High17.33
52 Week Low8.26
Performance
1 Week-7.64%
2 Weeks-7.42%
1 Month-0.45%
3 Month0.65%
6 Month35.65%
12 Month62.5%
2 Year-1.27%
3 Year-11.86%
5 Year57.97%
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)-0.15
RSI(14)38.94
LBB16.05
UBB17.36
NASDAQ:MRBK (2/21/2025, 8:00:01 PM)
15.6
-0.87 (-5.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-5.28%
1 Week-7.64%
2 Weeks-7.42%
1 Month-0.45%
3 Month0.65%
6 Month35.65%
12 Month62.5%
2 Year-1.27%
3 Year-11.86%
5 Year57.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.95%
ATR Inc203.02%
Range Today0.91
ADR(20)0.3
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.73
Mansfield2
10 Day High17.07
10 Day Low15.58
20 Day High17.07
20 Day Low15.58
52 Week High17.33
52 Week Low8.26
CS1 End14.59
CR1 Start17.08
Volume & EV
DER(3)-6.15%
DER(5)-4.83%
Volume94.30K
Volume Incr43.04%
Vol(5)72.82K
Vol(50)44.92K