Technical Analysis for MBINO - Merchants Bancorp - Depositary Shares Each Representing a 1/40th Interest in a Share of Series B Fixed-to-Floating Rate

Grade Last Price % Change Price Change
A 24.88 0.32% 0.08
MBINO closed down 0.76 percent on Friday, May 17, 2024, on 20 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New Uptrend Bullish 0.32%
Bollinger Band Squeeze Range Contraction 0.32%
NR7 Range Contraction 0.32%
Narrow Range Bar Range Contraction 0.32%
Three Weeks Tight Range Contraction 0.32%
Inside Day Range Contraction 0.32%
Overbought Stochastic Strength 0.32%
Gapped Down Weakness 0.32%
New 52 Week Closing High Bullish -0.44%
Bollinger Band Squeeze Range Contraction -0.44%

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Profile

Merchants Bancorp - Depositary Shares Each Representing a 1/40th Interest in a Share of Series B Fixed-to-Floating Rate Description

Merchants Bancorp (Indiana) is a bank holding company, which specializes in a multiple lines of business in banking and finance. It operates through the following segments: Multi-family Mortgage Banking; Mortgage Warehousing and Banking. The Multi-family Mortgage Banking segment engaged in mortgage banking, specializing in originating and servicing loans for multi-family rental housing and healthcare facility financing, particularly for senior living properties. The Mortgage Warehousing segment funds agency eligible loans for non-depository financial institutions from the date of origination or purchase until the date of sale to an investor. The Banking segment refers to financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; letters of credit and various types of deposit products, including checking, savings and time deposit accounts. The company was founded by Michael Petrie and Randall D. Rogers in 1990 and is headquartered in Carmel, IN.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Deposit Products Mortgage Loan Financial Products Loan Products Mortgage Banking Savings And Loan Association Mortgage Bank Consumer Loan Products Healthcare Facility Healthcare Facility Financing

Is MBINO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 24.99
52 Week Low 17.1526
Average Volume 13,603
200-Day Moving Average 22.69
50-Day Moving Average 24.49
20-Day Moving Average 24.66
10-Day Moving Average 24.72
Average True Range 0.18
RSI (14) 56.52
ADX 26.47
+DI 25.91
-DI 9.25
Chandelier Exit (Long, 3 ATRs) 24.45
Chandelier Exit (Short, 3 ATRs) 24.89
Upper Bollinger Bands 24.90
Lower Bollinger Band 24.42
Percent B (%b) 0.78
BandWidth 1.96
MACD Line 0.09
MACD Signal Line 0.08
MACD Histogram 0.0137
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.85
Resistance 3 (R3) 24.84 24.83 24.84
Resistance 2 (R2) 24.83 24.82 24.83 24.83
Resistance 1 (R1) 24.81 24.81 24.81 24.82 24.83
Pivot Point 24.80 24.80 24.79 24.80 24.80
Support 1 (S1) 24.78 24.79 24.78 24.79 24.77
Support 2 (S2) 24.77 24.78 24.77 24.77
Support 3 (S3) 24.75 24.77 24.76
Support 4 (S4) 24.76