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 MFIN
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Evaluation of Medallion Financial Corp. stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Medallion Financial Corp. stock price gained 1.29% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.77 to $7.87. During the last trading day the stock fluctuated 4.18% from a day low at $7.62 to a day high of $7.94. The price has fallen in 6 of the last 10 days and is down by -0.63% for this period. Volume fell on the last day by -10 thousand shares and in total, 45 thousand shares were bought and sold for approximately $356.22 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and 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 -25.85% during the next 3 months and, with a 90% probability hold a price between $5.20 and $6.33 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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MFIN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 7.81%. 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 Medallion Financial Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.35. On a fall, the stock will find some support from the short-term average at $7.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Medallion Financial Corp. stock

Medallion Financial Corp. finds support from accumulated volume at $7.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.319 between high and low, or 4.18%. For the last week the stock has had daily average volatility of 2.93%.

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

Trading Expectations (MFIN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Medallion Financial Corp. to open at $7.81, and during the day (based on 14 day Average True Range), to move between $7.49 and $8.25, which gives a possible trading interval of +/-$0.380 (+/-4.83%) up or down from last closing price. If Medallion Financial Corp. takes out the full calculated possible swing range there will be an estimated 9.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.76 (1.40%) than the resistance at $8.01 (1.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Medallion Financial Corp. stock A Buy?

Medallion Financial Corp. holds several negative signals and we believe that 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: -1.209 Sell Candidate Downgraded

Predicted Opening Price for Medallion Financial Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$7.81 ( 0.756%) $7.87

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

Trading levels for MFIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.13 3.29 %
R2 8.01 1.75 %
R1 7.93 0.790 %
Current price: 7.87
Support S1 7.69 -2.30 %
S2 7.61 -3.26 %
S3 7.49 -4.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.83 24.90 %
R2 8.97 13.98 %
R1 8.01 1.78 %
Current price 7.87
Support S1 7.76 -1.40%
S2 7.66 -2.67%
S3 7.30 -7.24%

MFIN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 16, 2024 Mar 14, 2024 Mar 28, 2024 $0.100 1.27%
2 Oct 24, 2023 Nov 14, 2023 Nov 30, 2023 $0.100 1.05%
3 Jul 20, 2023 Aug 14, 2023 Aug 31, 2023 $0.0800 0.95%
4 Apr 26, 2023 May 12, 2023 May 31, 2023 $0.0800 1.26%
5 Feb 16, 2023 Mar 14, 2023 Mar 31, 2023 $0.0800 1.04%

FAQ

What is the symbol for Medallion Financial Corp. Stock and on which exchange is it traded?
The symbol for Medallion Financial Corp. is MFIN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Medallion Financial Corp. Stock?
Medallion Financial Corp. holds several negative signals and we believe that 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 Medallion Financial Corp. Stock?
Medallion Financial Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Medallion Financial Corp. Stock.

What's the current price of Medallion Financial Corp. Stock?
As of the end of day on the 2024-03-27, the price of an Medallion Financial Corp. (MFIN) share was $7.87.

What is the 52-week high and low for Medallion Financial Corp. Stock?
The 52-week high for Medallion Financial Corp. Stock is $10.49 and the 52-week low is $5.64.

What is the market capitalization of Medallion Financial Corp. Stock?
As of the 2024-03-27, the market capitalization of Medallion Financial Corp. is 182.468M.

When is the next earnings date for Medallion Financial Corp.?
The upcoming earnings date for Medallion Financial Corp. is May 06, 2024.
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About Medallion Financial Corp.

Medallion Financial . Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. The company operates through four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Medallion Lending. It provides loans that finance consumer purchases of recreational vehicles, boats, and trailers; consumer home improvements; commercial businesses; and taxi medallions to individuals, and small to mid-size ... MFIN Profile

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