MBTF - M B T Financial Corp

Industry: Regional - Northeast Banks Sector: Financial Exchange: NASDAQ

MBTF - M B T Financial Corp

Industry: Regional - Northeast Banks Sector: Financial Exchange: NASDAQ
#207()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.76%
PRICE $12.00
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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M B T Financial Corp Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-10 Loss -1.88%
Shorts 4.24% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta -0.35
ROA 0.95

M B T Financial Corp gained 0.76% in the last trading day, rising from $11.91 to $12.00 , and 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. The price has risen in 6 of the last 10 days and is up by 8.06% over the past 2 weeks. Volume fell in the last day by -148 820 shares, and in total, 49 201 shares bought and sold for approximately $590 412.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

M B T Financial Corp lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.49% during the next 3 months and, with 90% probability hold a price between $11.29 and $12.56 at the end of this period.

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Signals

M B T Financial Corp holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $11.89 and $11.30. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday October 12, 2018, which indicates further gains until a new top pivot has been found. 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.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

M B T Financial Corp finds support from accumulated volume at $11.91.

Support: $11.91 Price: $12.00 Resistance: $12.03

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $11.42 (-4.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

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MBTF $12.00 $0.09(0.76%)
MBTF is up $0.09 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for MBTF based on the 1-3 month system that more than doubles the S&P 500.

Click here – the MBTF analysis is free »

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