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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 MBCN
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Green day on Tuesday for Middlefield Banc Corp. stock after gaining 0.144%
(Updated on Jun 11, 2024)

Sell candidate since May 22, 2024 Loss -10.94% PDF

The Middlefield Banc Corp. stock price gained 0.144% on the last trading day (Tuesday, 11th Jun 2024), rising from $20.80 to $20.83. During the last trading day the stock fluctuated 2.92% from a day low at $20.70 to a day high of $21.30. The price has fallen in 6 of the last 10 days and is down by -4.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $189.55 thousand.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.01% during the next 3 months and, with a 90% probability hold a price between $18.63 and $21.56 at the end of this 3-month period.

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MBCN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 0.82%. Further rise is indicated until a new top pivot has been found. Middlefield Banc Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Middlefield Banc Corp. 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 $20.85 and $22.32. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Middlefield Banc Corp. stock

Middlefield Banc Corp. finds support from accumulated volume at $20.80 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.605 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 1.82%.

Middlefield Banc Corp. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (MBCN) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Middlefield Banc Corp. to open at $20.94, and during the day (based on 14 day Average True Range), to move between $20.13 and $21.53, which gives a possible trading interval of +/-$0.698 (+/-3.35%) up or down from last closing price. If Middlefield Banc Corp. takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.80 (0.14%) than the resistance at $21.10 (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Middlefield Banc Corp. stock A Buy?

Middlefield Banc Corp. holds several negative signals and is within a wide and 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.

Current score: -1.831 Sell Candidate Unchanged

Predicted Opening Price for Middlefield Banc Corp. of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$20.94 ( 0.536%) $20.83

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

Trading levels for MBCN

Fibonacci Support & Resistance Levels

Level Price
R3 21.55 3.44%
R2 21.32 2.33%
R1 21.17 1.65%
Price 20.83
S1 20.71 -0.573%
S2 20.57 -1.26%
S3 20.34 -2.37%

Accumulated Volume Support & Resistance Levels

Level Price
R3 23.70 13.78%
R2 21.47 3.07%
R1 21.10 1.30%
Price 20.83
S1 20.80 -0.144%
S2 20.76 -0.336%
S3 20.66 -0.82%

MBCN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 13, 2024 May 31, 2024 Jun 14, 2024 $0.200 0.97%
2 Feb 12, 2024 Feb 29, 2024 Mar 15, 2024 $0.200 0.84%
3 Nov 13, 2023 Nov 30, 2023 Dec 15, 2023 $0.250 0.681%
4 Aug 14, 2023 Aug 31, 2023 Sep 15, 2023 $0.200 0.696%
5 May 08, 2023 Jun 01, 2023 Jun 15, 2023 $0.200 0.742%

FAQ

What is the symbol for Middlefield Banc Corp. Stock and on which exchange is it traded?
The symbol for Middlefield Banc Corp. is MBCN and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Middlefield Banc Corp. Stock?
Middlefield Banc Corp. holds several negative signals and is within a wide and 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.

How to buy Middlefield Banc Corp. Stock?
Middlefield Banc 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 Middlefield Banc Corp. Stock.

What's the current price of Middlefield Banc Corp. Stock?
As of the end of day on the Jun 11, 2024, the price of an Middlefield Banc Corp. (MBCN) share was $20.83.

What is the 52-week high and low for Middlefield Banc Corp. Stock?
The 52-week high for Middlefield Banc Corp. Stock is $37.00 and the 52-week low is $20.61.

What is the market capitalization of Middlefield Banc Corp. Stock?
As of the Jun 11, 2024, the market capitalization of Middlefield Banc Corp. is 167.797M.

When is the next earnings date for Middlefield Banc Corp.?
The upcoming earnings date for Middlefield Banc Corp. is Jul 22, 2024.
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About Middlefield Banc Corp.

Middlefield Banc . Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It provides checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various con... MBCN Profile

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