Merchants Bancorp Inc (IN) Non-Cum Perp Stock Forecast
Merchants Bancorp Inc (IN) Non-Cum Perp stock price down 0% on Thursday
(Updated on Apr 18, 2024)
No changes to the price of Merchants Bancorp Inc (IN) Non-Cum Perp stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $24.98 to a day high of $24.98. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.89 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Merchants Bancorp Inc (IN) Non-Cum Perp stock with a 90% probability to be traded between $24.76 and $25.24 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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MBINP Signals & Forecast
There are mixed signals in the stock today. The Merchants Bancorp Inc (IN) Non-Cum Perp 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 $24.98 and $25.08. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 0.160%. 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).
Support, Risk & Stop-loss for Merchants Bancorp Inc (IN) Non-Cum Perp stock
Merchants Bancorp Inc (IN) Non-Cum Perp finds support from accumulated volume at $24.98 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: $23.48 (-5.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (MBINP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Merchants Bancorp Inc (IN) Non-Cum Perp Red Pfd Registered Shs Series A to open at $24.98, and during the day (based on 14 day Average True Range), to move between $24.96 and $25.00, which gives a possible trading interval of +/-$0.0246 (+/-0.10%) up or down from last closing price. If Merchants Bancorp Inc (IN) Non-Cum Perp Red Pfd Registered Shs Series A takes out the full calculated possible swing range there will be an estimated 0.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.98 (0.01%) than the resistance at $25.31 (1.32%), 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 Inc (IN) Non-Cum Perp Red Pfd Registered Shs Series A stock A Buy?
Merchants Bancorp Inc (IN) Non-Cum Perp 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 Merchants Bancorp Inc (IN) Non-Cum Perp Red Pfd Registered Shs Series A of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $24.98 ( 0%) | $24.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBINP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.98 | . | |
| R2 | 24.98 | . | ||
| R1 | 24.98 | . | ||
| Current price: | 24.98 | |||
| Support | S1 | 24.98 | . | |
| S2 | 24.98 | . | ||
| S3 | 24.98 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.35 | 1.48 % | |
| R2 | 25.34 | 1.44 % | ||
| R1 | 25.31 | 1.32 % | ||
| Current price | 24.98 | |||
| Support | S1 | 24.98 | -0.0084% | |
| S2 | 24.97 | -0.0400% | ||
| S3 | 24.89 | -0.360% |
MBINP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.438 | 1.75% |
| 2 | Nov 15, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.438 | 1.77% |
| 3 | Aug 17, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.438 | 1.85% |
| 4 | May 18, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.438 | 1.92% |
| 5 | Feb 16, 2023 | Mar 14, 2023 | Apr 03, 2023 | $0.438 | 1.94% |
FAQ
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