MB Financial Inc. Stock Forecast
Red day on Friday for MB Financial Inc. stock after losing 0%
(Updated on Mar 29, 2019)
No changes to the price of MB Financial Inc. stock on the last trading day (Friday, 29th Mar 2019). During the last trading day the stock fluctuated 0% from a day low at $42.38 to a day high of $42.38. The price has been going up and down for this period, and there has been a -9% loss for the last 2 weeks.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $42.60. A reaction back to this level may hold a second chance to get out before further falls.
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MBFI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 21, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MB Financial Inc. 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 $42.38 and $44.62. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MB Financial Inc. stock
MB Financial Inc. finds support from accumulated volume at $42.31 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MBFI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect MB Financial Inc. to open at $42.38, and during the day (based on 14 day Average True Range), to move between $41.72 and $43.04, which gives a possible trading interval of +/-$0.662 (+/-1.56%) up or down from last closing price. If MB Financial Inc. takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.31 (0.17%) than the resistance at $44.05 (3.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MB Financial Inc. stock A Buy?
The MB Financial Inc. stock holds several negative signals and despite the positive trend, we believe MB Financial Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.220 Sell Candidate Unchanged
Predicted Opening Price for MB Financial Inc. of Monday, April 1, 2019
Fair opening price April 1, 2019 | Current price |
---|---|
$42.38 ( 0%) | $42.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBFI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.38 | . | |
R2 | 42.38 | . | ||
R1 | 42.38 | . | ||
Current price: | 42.38 | |||
Support | S1 | 42.38 | . | |
S2 | 42.38 | . | ||
S3 | 42.38 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.58 | 7.55 % | |
R2 | 45.27 | 6.82 % | ||
R1 | 44.05 | 3.94 % | ||
Current price | 42.38 | |||
Support | S1 | 42.31 | -0.165% | |
S2 | 41.49 | -2.10% | ||
S3 | 41.23 | -2.71% |
FAQ
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