RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MPB
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Weaker technical forecast for Mid Penn Bancorp as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Mid Penn Bancorp stock price fell by -0.744% on the last day (Thursday, 28th Mar 2024) from $20.16 to $20.01. During the last trading day the stock fluctuated 1.60% from a day low at $19.95 to a day high of $20.27. The price has fallen in 6 of the last 10 days but is still up by 0.55% over the past 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 thousand shares were bought and sold for approximately $726.58 thousand.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.90% during the next 3 months and, with a 90% probability hold a price between $15.85 and $16.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MPB Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.62%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mid Penn Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.15 and $20.52. A break-up above any of these levels will issue buy signals. Mid Penn Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Mid Penn Bancorp stock

Mid Penn Bancorp finds support from accumulated volume at $19.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.320 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 3.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MPB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Mid Penn Bancorp to open at $20.08, and during the day (based on 14 day Average True Range), to move between $19.34 and $20.68, which gives a possible trading interval of +/-$0.673 (+/-3.36%) up or down from last closing price. If Mid Penn Bancorp takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.90 (0.55%) than the resistance at $20.74 (3.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mid Penn Bancorp stock A Buy?

Mid Penn Bancorp holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.672 Sell Candidate Downgraded

Predicted Opening Price for Mid Penn Bancorp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$20.08 ( 0.333%) $20.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MPB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.40 1.93 %
R2 20.27 1.32 %
R1 20.20 0.94 %
Current price: 20.01
Support S1 19.95 -0.278 %
S2 19.88 -0.655 %
S3 19.76 -1.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.97 19.79 %
R2 23.00 14.94 %
R1 20.74 3.65 %
Current price 20.01
Support S1 19.90 -0.550%
S2 19.50 -2.55%
S3 0 .

MPB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 24, 2024 Feb 08, 2024 Feb 20, 2024 $0.200 0.95%
2 Oct 25, 2023 Nov 09, 2023 Nov 27, 2023 $0.200 0.94%
3 Jul 26, 2023 Aug 09, 2023 Aug 28, 2023 $0.200 0.90%
4 Apr 26, 2023 May 09, 2023 May 22, 2023 $0.200 0.90%
5 Jan 25, 2023 Feb 09, 2023 Feb 20, 2023 $0.200 0.638%

FAQ

What is the symbol for Mid Penn Bancorp Stock and on which exchange is it traded?
The symbol for Mid Penn Bancorp is MPB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Mid Penn Bancorp Stock?
Mid Penn Bancorp holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Mid Penn Bancorp Stock?
Mid Penn Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mid Penn Bancorp Stock.

What's the current price of Mid Penn Bancorp Stock?
As of the end of day on the 2024-03-28, the price of an Mid Penn Bancorp (MPB) share was $20.01.

What is the 52-week high and low for Mid Penn Bancorp Stock?
The 52-week high for Mid Penn Bancorp Stock is $26.14 and the 52-week low is $18.25.

What is the market capitalization of Mid Penn Bancorp Stock?
As of the 2024-03-28, the market capitalization of Mid Penn Bancorp is 333.539M.

When is the next earnings date for Mid Penn Bancorp?
The upcoming earnings date for Mid Penn Bancorp is Apr 26, 2024.
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About Mid Penn Bancorp

Mid Penn Ban Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and IRAs. It also provides a range of loan products comprising mortgage and home equi... MPB Profile

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