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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 2024-08-13 View latest technical analysis

10 day averaged volume of Merchants Bancorp is 300682

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	41.08	40.84	41.38	40.14	0.466 times
12 Mon Aug 2024	40.34	40.42	40.70	40.08	0.324 times
09 Fri Aug 2024	40.02	40.18	40.25	39.46	0.482 times
08 Thu Aug 2024	40.18	40.07	40.52	39.30	0.533 times
07 Wed Aug 2024	39.38	40.51	40.93	39.17	0.609 times
06 Tue Aug 2024	40.04	39.71	40.56	38.93	0.69 times
05 Mon Aug 2024	39.57	38.95	40.37	37.64	1.103 times
02 Fri Aug 2024	40.81	41.28	41.59	40.50	0.762 times
01 Thu Aug 2024	42.86	46.30	46.30	42.77	0.919 times
31 Wed Jul 2024	45.00	43.79	45.75	43.55	1.478 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 40.5 as stoploss in an intra day buy trade for a target of 45.31. However, stock will show a bearish move below 40.5.

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	40.31
Downside Intraday Target	39.55
Upside Intraday Target	41.61
Upside Intraday Target	42.15
Downside Intraday Target	40.85

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	41.08	40.42	41.38	40.08	0.231 times
09 Fri Aug 2024	40.02	38.95	40.93	37.64	0.472 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

Price has moved up 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
13 Tue Aug 2024	41.08	46.30	46.30	37.64	0.297 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 moving up

CCI has generated a buy signal for Merchants Bancorp in short term but BUY signal is weak.

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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.43 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 negative.

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