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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 2024-09-19 View latest technical analysis

10 day averaged volume of Merchants Bancorp is 174580

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	47.16	47.00	47.16	46.18	0.455 times
18 Wed Sep 2024	45.82	45.49	47.42	45.00	0.704 times
17 Tue Sep 2024	45.45	45.44	46.88	45.19	0.586 times
16 Mon Sep 2024	44.88	44.03	45.07	43.81	1.136 times
13 Fri Sep 2024	43.90	42.98	43.92	42.95	0.491 times
12 Thu Sep 2024	42.35	41.50	43.07	41.50	0.876 times
11 Wed Sep 2024	42.35	42.77	43.03	41.44	0.669 times
10 Tue Sep 2024	42.99	42.77	42.99	41.88	0.868 times
09 Mon Sep 2024	42.43	43.02	43.42	42.17	1.2 times
06 Fri Sep 2024	43.38	44.52	44.91	43.02	1.497 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 46.2, but if it comes below 46.2, then a intra day sell could be more profitable.
If you take a sell trade below 46.2, then use 46.2 as stoploss and 44.76 as target. However if you take a buy trade in stock , then use 46.2 as stoploss and 47.8 as target.

Share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Target	37.64
Downside Target	38.42
Downside Target	39.32
Downside Target	41.44
Downside Target	42.41
Downside Target	46.32
Downside Target	47.13
Upside Target	47.42
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	44.84
Downside Intraday Target	42.52
Upside Intraday Target	48.45
Upside Intraday Target	49.74
Downside Intraday Target	46.13

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	47.16	44.03	47.42	43.81	0.702 times
13 Fri Sep 2024	43.90	43.02	43.92	41.44	0.744 times
06 Fri Sep 2024	43.38	45.25	46.32	43.02	7.596 times
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

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
19 Thu Sep 2024	47.16	45.25	47.42	41.44	0.466 times
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

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 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Merchants Bancorp in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 43.8 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 positive

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