Technical Analysis for MFNC - Mackinac Financial Corporation

Grade Last Price % Change Price Change
grade D 10.17 2.73% 0.27
MFNC closed up 2.73 percent on Friday, August 14, 2020, on 35 percent of normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Weak + Overbought Other 0.00%
Outside Day Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Profile

Mackinac Financial Corporation operates as the holding company for mBank that provides commercial and retail banking products and services. The company offers interest bearing and non-interest bearing deposit products, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, and certificates of deposit. It also provides consumer loan products, such as installment, mortgages, and home equity loans, as well as residential mortgage loans, and commercial and governmental lease financing. In addition, the company offers title insurance services. It operates approximately 7 branch offices in the Upper Peninsula of Michigan and 4 branch offices in Michigan's Lower Peninsula; and 13 automated teller machines. The company was formerly known as North Country Financial Corporation and changed its name to Mackinac Financial Corporation in December 2004. Mackinac Financial Corporation was founded in 1974 and is headquartered in Manistique, Michigan.
Financial Services Bank Texas Capital Bank Service Industries Qcr Holdings Ing Australia Ing Group Accounts Retail Banking Products Michigan Title Insurance Services Consumer Loan Products Mackinac Financial Corporation Retail Checking Accounts

Is MFNC 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 17.75
52 Week Low 7.37
Average Volume 17,637
200-Day Moving Average 12.51
50-Day Moving Average 9.73
20-Day Moving Average 9.52
10-Day Moving Average 9.72
Average True Range 0.45
ADX 10.17
+DI 16.85
-DI 19.95
Chandelier Exit (Long, 3 ATRs ) 8.81
Chandelier Exit (Short, 3 ATRs ) 9.86
Upper Bollinger Band 10.14
Lower Bollinger Band 8.89
Percent B (%b) 1.03
BandWidth 13.06
MACD Line 0.11
MACD Signal Line 0.00
MACD Histogram 0.1052
Fundamentals Value
Market Cap 64.01 Million
Num Shares 6.29 Million
EPS 1.10
Price-to-Earnings (P/E) Ratio 9.25
Price-to-Sales 2.45
Price-to-Book 1.20
PEG Ratio 0.00
Dividend 0.48
Dividend Yield 4.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.15
Resistance 3 (R3) 11.04 10.60 10.98
Resistance 2 (R2) 10.60 10.36 10.66 10.93
Resistance 1 (R1) 10.39 10.20 10.50 10.50 10.87
Pivot Point 9.95 9.95 10.01 10.01 9.95
Support 1 (S1) 9.74 9.71 9.85 9.85 9.47
Support 2 (S2) 9.30 9.55 9.36 9.41
Support 3 (S3) 9.09 9.30 9.36
Support 4 (S4) 9.20