Merchants Bancorp Stock Forecast

Merchants Bancorp stock price ended at $24.56 on Wednesday, after gaining 0.0974%.
(Updated on Jun 26, 2024)

MBINO Signals & Forecast

Merchants Bancorp 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 Merchants Bancorp 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 $24.60 and $24.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.74%. 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). The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Merchants Bancorp stock

Merchants Bancorp finds support from accumulated volume at $24.46 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 $0.165 between high and low, or 0.675%. For the last week the stock has had daily average volatility of 0.675%.

Our recommended stop-loss: $23.50 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (MBINO) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Merchants Bancorp to open at $24.53, and during the day (based on 14 day Average True Range), to move between $24.40 and $24.72, which gives a possible trading interval of +/-$0.160 (+/-0.65%) up or down from last closing price. If Merchants Bancorp takes out the full calculated possible swing range there will be an estimated 1.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.60 (0.15%) than the support at $24.46 (0.42%), 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?

Merchants Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.459 Hold/Accumulate Unchanged

Predicted Opening Price for Merchants Bancorp of Thursday, June 27, 2024

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