Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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Middlefield Banc Corp. stock price up 2.63% on Tuesday
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 13.85% PDF

The Middlefield Banc Corp. stock price gained 2.63% on the last trading day (Tuesday, 23rd Jul 2024), rising from $26.19 to $26.88. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.96% from a day low at $26.14 to a day high of $27.43. The price has risen in 9 of the last 10 days and is up by 23.02% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 10 thousand shares were bought and sold for approximately $266.87 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 has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $24.39, a level that may pose a second chance to hit a runner. According to fan-theory $27.42 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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MBCN Signals & Forecast

The Middlefield Banc Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.17 and $22.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 08, 2024, and so far it has risen 23.59%. 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. 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 Middlefield Banc Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $24.05 and $23.82. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Middlefield Banc Corp. finds support just below today's level at $24.05. If this is broken, then the next support from accumulated volume will be at $23.82 and $21.91.

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 $1.30 between high and low, or 4.96%. For the last week the stock has had daily average volatility of 4.99%.

Since the Middlefield Banc Corp. has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $26.01 (-3.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (MBCN) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Middlefield Banc Corp. to open at $26.82, and during the day (based on 14 day Average True Range), to move between $25.76 and $28.00, which gives a possible trading interval of +/-$1.12 (+/-4.17%) up or down from last closing price. If Middlefield Banc Corp. takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $24.05, some $2.83 (10.53%) from the current price of $26.88, our system finds the risk reward attractive.

Is Middlefield Banc Corp. stock A Buy?

Middlefield Banc Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Middlefield Banc Corp. of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$26.82 ( 0.242%) $26.88

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 28.11 4.58%
R2 27.62 2.74%
R1 27.31 1.60%
Price 26.88
S1 26.32 -2.08%
S2 26.01 -3.22%
S3 25.52 -5.06%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 26.88
S1 24.05 -10.53%
S2 23.82 -11.38%
S3 21.91 -18.49%

MBCN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 13, 2024 May 31, 2024 Jun 14, 2024 $0.200 0.96%
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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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 Jul 23, 2024, the price of an Middlefield Banc Corp. (MBCN) share was $26.88.

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 Jul 23, 2024, the market capitalization of Middlefield Banc Corp. is 211.278M.

When is the next earnings date for Middlefield Banc Corp.?
The upcoming earnings date for Middlefield Banc Corp. is Oct 28, 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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