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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 2024-10-21 View latest technical analysis

10 day averaged volume of Merchants Bancorp is 165240

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	43.17	44.92	45.52	43.00	0.89 times
18 Fri Oct 2024	44.92	45.40	45.96	44.87	1.051 times
17 Thu Oct 2024	45.06	43.70	45.34	43.14	2.23 times
16 Wed Oct 2024	44.72	46.43	46.78	44.63	1.049 times
15 Tue Oct 2024	45.87	45.05	46.31	44.35	1.794 times
14 Mon Oct 2024	45.11	44.97	45.32	44.40	0.976 times
11 Fri Oct 2024	44.87	44.73	46.17	44.62	0.836 times
10 Thu Oct 2024	44.73	43.93	44.73	43.51	0.325 times
09 Wed Oct 2024	44.42	43.92	44.80	43.92	0.312 times
08 Tue Oct 2024	43.92	44.05	44.92	43.57	1.018 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 42.9, for a target of 43.7 or 44.41

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
Upside Target	45.26
Upside Target	45.76
Upside Target	46.17
Upside Target	46.78
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	42.27
Downside Intraday Target	41.38
Upside Intraday Target	44.79
Upside Intraday Target	46.42
Upside Intraday Target	43.9

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	43.17	44.92	45.52	43.00	0.125 times
18 Fri Oct 2024	44.92	44.97	46.78	43.14	2.45 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

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
21 Mon Oct 2024	43.17	44.92	46.78	42.36	0.715 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 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a short to mid 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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Merchants Bancorp in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Merchants Bancorp in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 44.84 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 positive

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