Merchants Bancorp Stock Forecast
Red day on Tuesday for Merchants Bancorp stock after losing 1.29%
(Updated on May 21, 2024)
The Merchants Bancorp stock price fell by -1.29% on the last day (Tuesday, 21st May 2024) from $42.49 to $41.94. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.08% from a day low at $41.78 to a day high of $42.65. The price has been going up and down for this period, and there has been a -10.75% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -124 thousand shares and in total, 190 thousand shares were bought and sold for approximately $7.97 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.61% during the next 3 months and, with a 90% probability hold a price between $39.10 and $48.97 at the end of this 3-month period.
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MBIN Signals & Forecast
The Merchants Bancorp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $43.33. On a fall, the stock will find some support from the long-term average at approximately $41.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -11.91%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Merchants Bancorp stock
Merchants Bancorp finds support from accumulated volume at $40.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.87 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $39.87 (-4.93%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (MBIN) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Merchants Bancorp to open at $42.12, and during the day (based on 14 day Average True Range), to move between $40.56 and $43.32, which gives a possible trading interval of +/-$1.38 (+/-3.29%) up or down from last closing price. If Merchants Bancorp takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.62 (1.62%) than the support at $40.33 (3.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Merchants Bancorp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Merchants Bancorp stock to perform well in the short-term.
Current score: 1.285 Buy Candidate Unchanged
Predicted Opening Price for Merchants Bancorp of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
$42.12 ( 0.437%) | $41.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBIN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.99 | 2.51 % | |
R2 | 42.66 | 1.72 % | ||
R1 | 42.46 | 1.23 % | ||
Current price: | 41.94 | |||
Support | S1 | 41.79 | -0.355 % | |
S2 | 41.59 | -0.84 % | ||
S3 | 41.25 | -1.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.04 | 2.62 % | |
R2 | 42.80 | 2.05 % | ||
R1 | 42.62 | 1.62 % | ||
Current price | 41.94 | |||
Support | S1 | 40.33 | -3.84% | |
S2 | 39.71 | -5.32% | ||
S3 | 39.60 | -5.58% |
MBIN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.0900 | 0.215% |
2 | Feb 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0900 | 0.213% |
3 | Nov 15, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.0800 | 0.192% |
4 | Aug 17, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.0800 | 0.293% |
5 | May 18, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.0800 | 0.309% |
FAQ
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