Midland States Bancorp, Inc. Stock Forecast
Midland States Bancorp, Inc. stock price down 0.565% on Friday
(Updated on Jun 28, 2024)
The Midland States Bancorp, Inc. stock price fell by -0.565% on the last day (Friday, 28th Jun 2024) from $24.80 to $24.66. During the last trading day the stock fluctuated 0.730% from a day low at $24.65 to a day high of $24.83. The price has been going up and down for this period, and there has been a -1.36% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $183.89 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Midland States Bancorp, Inc. stock with a 90% probability to be traded between $24.01 and $24.50 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MSBIP Signals & Forecast
There are few to no technical positive signals at the moment. The Midland States Bancorp, 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 $24.77 and $24.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.764%. 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). Midland States Bancorp, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Midland States Bancorp, Inc. stock
Midland States Bancorp, Inc. finds support from accumulated volume at $24.60 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 $0.180 between high and low, or 0.730%. For the last week the stock has had daily average volatility of 0.750%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSBIP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Midland States Bancorp, Inc. to open at $24.71, and during the day (based on 14 day Average True Range), to move between $24.48 and $24.84, which gives a possible trading interval of +/-$0.181 (+/-0.73%) up or down from last closing price. If Midland States Bancorp, Inc. takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.60 (0.24%) than the resistance at $24.80 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Midland States Bancorp, Inc. stock A Buy?
Midland States Bancorp, Inc. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.317 Sell Candidate Unchanged
Predicted Opening Price for Midland States Bancorp, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.71 ( 0.216%) | $24.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSBIP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.89 | 0.95% |
| R2 | 24.82 | 0.667% |
| R1 | 24.78 | 0.495% |
| Price | 24.66 | |
| S1 | 24.64 | -0.0625% |
| S2 | 24.60 | -0.235% |
| S3 | 24.53 | -0.513% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.05 | 1.58% |
| R2 | 25.00 | 1.38% |
| R1 | 24.80 | 0.568% |
| Price | 24.66 | |
| S1 | 24.60 | -0.243% |
| S2 | 24.39 | -1.09% |
| S3 | 0 | - |
MSBIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | Jun 17, 2024 | Jul 01, 2024 | $0.484 | 1.96% |
| 2 | Feb 06, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.484 | 1.93% |
| 3 | Nov 06, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.484 | 1.96% |
| 4 | Aug 01, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.484 | 2.11% |
| 5 | May 02, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.484 | 1.97% |
FAQ
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