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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 2024-08-28 View latest technical analysis

10 day averaged volume of Merchants Bancorp is 225305

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	45.30	45.28	45.77	44.23	1.242 times
27 Tue Aug 2024	45.55	45.98	46.04	45.03	0.975 times
26 Mon Aug 2024	46.10	46.95	47.13	45.99	0.708 times
23 Fri Aug 2024	46.37	44.77	47.94	44.44	1.948 times
22 Thu Aug 2024	44.70	43.71	44.91	43.71	1.697 times
21 Wed Aug 2024	43.92	43.96	43.96	43.12	0.477 times
20 Tue Aug 2024	43.68	43.57	43.85	43.12	0.76 times
19 Mon Aug 2024	43.77	43.59	44.12	43.06	0.635 times
16 Fri Aug 2024	43.66	41.59	43.69	41.59	1.272 times
15 Thu Aug 2024	41.52	41.89	42.83	41.36	0.959 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.8, but if it comes below 44.8, then a intra day sell could be more profitable.
If you take a sell trade below 44.8, then use 44.8 as stoploss and 42.48 as target. However if you take a buy trade in stock , then use 44.8 as stoploss and 47.5 as target.

Share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Target	37.03
Downside Target	38.42
Downside Target	39.32
Downside Target	42.41
Downside Target	44.02
Downside Target	44.23
Upside Target	47.13
Upside Target	47.94
Upside Target	48.63
Upside Target	53.13

Intraday share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Intraday Target	43.98
Downside Intraday Target	42.65
Upside Intraday Target	46.88
Upside Intraday Target	48.45
Upside Intraday Target	45.55

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	45.30	46.95	47.13	44.23	0.53 times
23 Fri Aug 2024	46.37	43.59	47.94	43.06	1.431 times
16 Fri Aug 2024	43.66	40.42	43.69	40.08	0.845 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

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
28 Wed Aug 2024	45.30	46.30	47.94	37.64	0.723 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 up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 to mid 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Merchants Bancorp in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Merchants Bancorp Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Merchants Bancorp in short term but SELL 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

Although the stock is in the SELL zone, but selling 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 44.67 and Merchants Bancorp (MBIN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.