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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 2024-10-15 View latest technical analysis

10 day averaged volume of Merchants Bancorp is 89690

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	45.87	45.05	46.31	44.35	3.306 times
14 Mon Oct 2024	45.11	44.97	45.32	44.40	1.798 times
11 Fri Oct 2024	44.87	44.73	46.17	44.62	1.541 times
10 Thu Oct 2024	44.73	43.93	44.73	43.51	0.599 times
09 Wed Oct 2024	44.42	43.92	44.80	43.92	0.574 times
08 Tue Oct 2024	43.92	44.05	44.92	43.57	1.875 times
07 Mon Oct 2024	43.99	44.13	44.16	43.65	0.751 times
04 Fri Oct 2024	44.29	44.38	44.63	43.89	0.643 times
03 Thu Oct 2024	43.45	43.03	43.69	42.36	0.73 times
02 Wed Oct 2024	43.18	43.37	44.28	43.18	0.498 times

Stock of Merchants Bancorp (MBIN) has showed a significant upmove. This could be a good time to enter in this stock!

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 44.71 as target. However if you take a buy trade in stock , then use 45.6 as stoploss and 46.7 as target.

Share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Target	37.64
Downside Target	38.42
Downside Target	39.98
Downside Target	41.44
Downside Target	42.36
Downside Target	43.51
Downside Target	45.26
Upside Target	46.31
Upside Target	47.42
Upside Target	47.94
Upside Target	53.13

Intraday share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Intraday Target	44.71
Downside Intraday Target	43.55
Upside Intraday Target	46.67
Upside Intraday Target	47.47
Downside Intraday Target	45.51

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	45.87	44.97	46.31	44.35	0.956 times
11 Fri Oct 2024	44.87	44.13	46.17	43.51	1.456 times
04 Fri Oct 2024	44.29	44.20	45.26	42.36	0.976 times
27 Fri Sep 2024	44.52	45.61	45.76	43.97	0.427 times
20 Fri Sep 2024	45.57	44.03	47.42	43.81	1.101 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
15 Tue Oct 2024	45.87	44.92	46.31	42.36	0.415 times
30 Mon Sep 2024	44.96	45.25	47.42	41.44	0.615 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

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 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 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 green color and prices are above the green 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 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 44.76 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.