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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 2024-08-30 View latest technical analysis

10 day averaged volume of Merchants Bancorp is 215035

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	45.85	45.61	45.94	45.07	0.589 times
30 Fri Aug 2024	45.85	45.61	45.94	45.07	0.589 times
29 Thu Aug 2024	45.26	45.40	45.78	44.74	0.566 times
28 Wed Aug 2024	45.30	45.28	45.77	44.23	1.302 times
27 Tue Aug 2024	45.55	45.98	46.04	45.03	1.021 times
26 Mon Aug 2024	46.10	46.95	47.13	45.99	0.742 times
23 Fri Aug 2024	46.37	44.77	47.94	44.44	2.041 times
22 Thu Aug 2024	44.70	43.71	44.91	43.71	1.778 times
21 Wed Aug 2024	43.92	43.96	43.96	43.12	0.5 times
20 Tue Aug 2024	43.68	43.57	43.85	43.12	0.796 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 45.6, but if it comes below 45.6, then a intra day sell could be more profitable.
If you take a sell trade below 45.6, then use 45.6 as stoploss and 43.17 as target. However if you take a buy trade in stock , then use 45.6 as stoploss and 48.5 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	40.93
Downside Target	42.41
Downside Target	45.07
Upside Target	45.94
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	45.3
Downside Intraday Target	44.75
Upside Intraday Target	46.17
Upside Intraday Target	46.49
Downside Intraday Target	45.62

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	45.85	45.61	45.94	45.07	0.14 times
30 Fri Aug 2024	45.85	46.95	47.13	44.23	0.73 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

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
30 Fri Aug 2024	45.85	46.30	47.94	37.64	0.786 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 Strong and stock is gaining 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

RSI is generating a BUY signal in short term but buying 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 45.36 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.