Midland States Bancorp Stock Forecast
Midland States Bancorp stock price up 1.19% on Tuesday
(Updated on Jul 02, 2024)
The Midland States Bancorp stock price gained 1.19% on the last trading day (Tuesday, 2nd Jul 2024), rising from $22.65 to $22.92. During the last trading day the stock fluctuated 1.33% from a day low at $22.64 to a day high of $22.94. The price has risen in 6 of the last 10 days and is up by 5.96% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 32 thousand shares were bought and sold for approximately $722.78 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 stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $22.34, a level that may pose a second chance to hit a runner. According to fan-theory $24.32 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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MSBI Signals & Forecast
The Midland States 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 $22.24 and $22.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 7.05%. 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 Midland States Bancorp stock
Midland States Bancorp finds support from accumulated volume at $22.65 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 $0.300 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 2.26%
Our recommended stop-loss: $22.18 (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (MSBI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Midland States Bancorp to open at $22.83, and during the day (based on 14 day Average True Range), to move between $22.45 and $23.39, which gives a possible trading interval of +/-$0.471 (+/-2.06%) up or down from last closing price. If Midland States Bancorp takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.99 (0.31%) than the support at $22.65 (1.18%), 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 Midland States Bancorp stock A Buy?
Midland States Bancorp 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: 0.032 Hold/Accumulate Unchanged
Predicted Opening Price for Midland States Bancorp of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$22.83 ( 0.378%) | $22.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSBI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.13 | 0.93% |
R2 | 23.02 | 0.431% |
R1 | 22.95 | 0.122% |
Price | 22.92 | |
S1 | 22.72 | -0.88% |
S2 | 22.65 | -1.19% |
S3 | 22.53 | -1.69% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.81 | 3.88% |
R2 | 23.75 | 3.62% |
R1 | 22.99 | 0.305% |
Price | 22.92 | |
S1 | 22.65 | -1.18% |
S2 | 22.41 | -2.23% |
S3 | 21.96 | -4.19% |
MSBI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 16, 2024 | May 24, 2024 | $0.310 | 1.36% |
2 | Feb 06, 2024 | Feb 15, 2024 | Feb 23, 2024 | $0.310 | 1.28% |
3 | Nov 06, 2023 | Nov 16, 2023 | Nov 24, 2023 | $0.300 | 1.29% |
4 | Aug 01, 2023 | Aug 10, 2023 | Aug 18, 2023 | $0.300 | 1.35% |
5 | May 02, 2023 | May 11, 2023 | May 19, 2023 | $0.300 | 1.53% |
FAQ
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