Merchants Bancorp Stock Forecast
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:
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
Green day on Tuesday for Merchants Bancorp
(Updated on Jul 02, 2024)
The Merchants Bancorp stock price gained 0.489% on the last trading day (Tuesday, 2nd Jul 2024), rising from $40.93 to $41.13. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.13% from a day low at $40.82 to a day high of $41.28. The price has risen in 6 of the last 10 days and is up by 4.15% over the past 2 weeks. Volume fell on the last day by -60 thousand shares and in total, 82 thousand shares were bought and sold for approximately $3.36 million. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Merchants Bancorp stock with a 90% probability to be traded between $38.42 and $46.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MBIN Signals & Forecast
Mostly positive signals in the chart today. The Merchants Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $40.07 and $40.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 5.30%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Merchants Bancorp stock
Merchants Bancorp finds support from accumulated volume at $40.56 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.460 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $39.53 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (MBIN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Merchants Bancorp to open at $41.08, and during the day (based on 14 day Average True Range), to move between $40.11 and $42.15, which gives a possible trading interval of +/-$1.02 (+/-2.48%) up or down from last closing price. If Merchants Bancorp takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.56 (1.39%) than the resistance at $42.62 (3.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Merchants Bancorp stock A Buy?
Several short-term signals 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 period.
Current score: 3.156 Buy Candidate Unchanged
Predicted Opening Price for Merchants Bancorp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $41.08 ( 0.130%) | $41.13 |
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 | |
|---|---|---|
| R3 | 41.54 | 0.99% |
| R2 | 41.36 | 0.562% |
| R1 | 41.25 | 0.298% |
| Price | 41.13 | |
| S1 | 40.90 | -0.557% |
| S2 | 40.79 | -0.82% |
| S3 | 40.62 | -1.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.04 | 4.64% |
| R2 | 42.80 | 4.06% |
| R1 | 42.62 | 3.62% |
| Price | 41.13 | |
| S1 | 40.56 | -1.39% |
| S2 | 40.54 | -1.43% |
| S3 | 40.33 | -1.95% |
MBIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.0900 | 0.220% |
| 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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