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Previous Hold Today MBTF ranks #3180 as HOLD CANDIDATE #3180 Next Hold

MBTF stock forecast M B T Financial Corp

MBTF stock forecast

Wednesday June 19, 2019 Change -1.20% Price $9.88
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will MBTF stock price go up or down on Fri, 21 Jun 2019?

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M B T Financial Corp Forecast and Stock Analysis

Technical MBTF stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-18 Loss -1.20%


M B T Financial Corp fell by -1.20% in the last day ( Wednesday, 19th Jun 2019 ) from $10.00 to $9.88 During day the stock fluctuated 2.94% from a day low at $9.87 to a day high of $10.16. The price has been going up and down for this period, and there has been a 1.96% gain for the last 2 weeks. Volume has increased in the last day by 48 625 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 137 021 shares bought and sold for approximately $1.35 million.

Quick summary:

  • 30 day high of the MBTF stock price was $10.16 and low was $9.08.
  • 90 day high was $10.80 and low was $9.08.
  • 52 week high for the M B T Financial Corp - $12.49 and low - $8.75.

Trend

M B T Financial Corp lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.79% during the next 3 months and, with 90% probability hold a price between $8.13 and $9.37 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 $9.85 and $9.78. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. M B T Financial Corp 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-off's".

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Relative Strength Index (RSI)

The stock holds a RSI14 at 72 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

M B T Financial Corp finds support from accumulated volume at $9.84.

Support: $9.84 Price: $9.88 Resistance: $10.33

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.29 (2.94%) between high and low. For the last week, the stock has had a daily average volatility of 2.29%.

Our recommended stoploss: $9.55 (-3.32%) (This stock has low daily movements and this gives low risk. The RSI14 is 72 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

2.29 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

M B T Financial Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate Downgraded
Previous Hold Today MBTF ranks #3180 as HOLD CANDIDATE #3180 Next Hold

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