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(MBIN) Merchants Bancorp complete technical analysis [charts+indicators] | Buy/Sell Merchants Bancorp | (MBIN) share price targets

Complete technical analysis of Merchants Bancorp (MBIN) by charts plus indicators, forecast predictions and share price targets for Merchants Bancorp (MBIN)

Merchants Bancorp trades in USA in Finance sector.

Showing technical analysis as on 2024-08-07 View latest technical analysis

10 day averaged volume of Merchants Bancorp is 352021

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	39.38	40.51	40.93	39.17	0.52 times
06 Tue Aug 2024	40.04	39.71	40.56	38.93	0.589 times
05 Mon Aug 2024	39.57	38.95	40.37	37.64	0.942 times
02 Fri Aug 2024	40.81	41.28	41.59	40.50	0.651 times
01 Thu Aug 2024	42.86	46.30	46.30	42.77	0.785 times
31 Wed Jul 2024	45.00	43.79	45.75	43.55	1.263 times
30 Tue Jul 2024	44.26	50.00	50.00	43.00	2.646 times
29 Mon Jul 2024	52.10	52.61	53.13	51.92	0.84 times
26 Fri Jul 2024	52.59	51.99	52.97	51.10	0.828 times
25 Thu Jul 2024	51.24	50.91	53.10	50.91	0.751 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42, but if it comes above 42, then a intra day buy could be more profitable.
If you take a sell trade below 42, then use 42 as stoploss and 36.9 as target. However if you take a buy trade in stock , then use 42 as stoploss and 46.26 as target.

Share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Target	37.03
Downside Target	38.42
Downside Target	39.32
Upside Target	42.41
Upside Target	44.02
Upside Target	46.30
Upside Target	48.28
Upside Target	48.63
Upside Target	49.86
Upside Target	53.10
Upside Target	53.13

Intraday share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Intraday Target	37.7
Downside Intraday Target	36.03
Upside Intraday Target	40.99
Upside Intraday Target	42.61
Downside Intraday Target	39.32

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	39.38	38.95	40.93	37.64	0.332 times
02 Fri Aug 2024	40.81	52.61	53.13	40.50	1.713 times
26 Fri Jul 2024	52.59	48.95	53.10	48.28	0.852 times
19 Fri Jul 2024	48.95	44.43	49.86	44.28	1.552 times
12 Fri Jul 2024	43.94	40.61	44.73	39.98	3.877 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Merchants Bancorp (MBIN)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	39.38	46.30	46.30	37.64	0.206 times
31 Wed Jul 2024	45.00	40.55	53.13	39.98	1.509 times
28 Fri Jun 2024	40.54	40.36	42.41	38.42	0.632 times
31 Fri May 2024	40.05	40.57	48.63	39.32	2.222 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Merchants Bancorp (MBIN)

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Merchants Bancorp stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Merchants Bancorp in short term and the sell signal is strong.

Merchants Bancorp Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Merchants Bancorp in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Merchants Bancorp is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 44.96 and Merchants Bancorp (MBIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Merchants Bancorp (MBIN) stock. Volume based technical analysis of Merchants Bancorp (MBIN) stock is negative.

Merchants Bancorp Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.