Technical Analysis for MBCN - Middlefield Banc Corp.

Grade Last Price % Change Price Change
grade F 18.0 0.61% 0.11
MBCN closed up 0.61 percent on Friday, August 7, 2020, on 19 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical MBCN trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Doji - Bearish? Reversal 0.00%
Outside Day Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish 0.61%
Shooting Star Candlestick Bearish 0.61%
180 Bearish Setup Bearish Swing Setup 0.61%

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Profile

Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals and small business owners, and retail customers in northeastern and central Ohio. It offers checking, savings, negotiable order of withdrawal, money market, and IRA accounts, as wells as time certificates of deposit. The company's loan portfolio includes operational and working capital loans; loans to finance capital purchases; term business loans; residential construction loans; selected guaranteed or subsidized loan programs for small businesses; professional loans; residential mortgage and commercial mortgage loans; consumer installment loans to purchase automobiles and boats, as well as for home improvement and other personal expenditures; and agricultural loans. It also provides safe deposit facilities, travelers' checks, official checks, money orders, and ATM services; online banking and bill payment services to individuals; and online cash management services to business customers. Middlefield Banc Corp. is involved in the resolution and disposition of troubled assets in central Ohio. The company was founded in 1901 and is based in Middlefield, Ohio.
Financial Services Banking Bank Loans Mortgage Loan Commercial Bank Banking Services Retail Customers ATM Bank Of America Home Loans Online Banking Pennymac Loan Services Bill Payment Services Online Cash Management Services

Is MBCN 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 28.8
52 Week Low 11.25
Average Volume 24,502
200-Day Moving Average 20.60
50-Day Moving Average 19.43
20-Day Moving Average 18.23
10-Day Moving Average 18.14
Average True Range 0.83
ADX 19.89
+DI 29.97
-DI 20.00
Chandelier Exit (Long, 3 ATRs ) 17.95
Chandelier Exit (Short, 3 ATRs ) 19.65
Upper Bollinger Band 19.22
Lower Bollinger Band 17.24
Percent B (%b) 0.38
BandWidth 10.87
MACD Line -0.37
MACD Signal Line -0.37
MACD Histogram 0.0045
Fundamentals Value
Market Cap 57.8 Million
Num Shares 3.21 Million
EPS 2.97
Price-to-Earnings (P/E) Ratio 6.06
Price-to-Sales 4.22
Price-to-Book 1.26
PEG Ratio 0.00
Dividend 1.08
Dividend Yield 6.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.64
Resistance 3 (R3) 19.74 19.29 19.36
Resistance 2 (R2) 19.29 18.88 19.24 19.27
Resistance 1 (R1) 18.65 18.62 18.97 18.55 19.18
Pivot Point 18.20 18.20 18.37 18.15 18.20
Support 1 (S1) 17.56 17.79 17.88 17.46 16.82
Support 2 (S2) 17.11 17.53 17.06 16.73
Support 3 (S3) 16.47 17.11 16.64
Support 4 (S4) 16.37