M B T Financial Corp Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
M B T Financial Corp gained 2.38% in the last trading day, rising from $10.50 to $10.75 The price has fallen in 5 of the last 10 days and is down by -3.59% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 20 173 more shares were traded than the day before. In total, 32 531 shares bought and sold for approximately $349 708.00.
M B T Financial Corp lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $10.49 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.21% during the next 3 months and, with 90% probability hold a price between $10.16 and $11.57 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, which indicates further gains until a new top pivot has been found. M B T Financial Corp has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. M B T Financial Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $10.76 and $11.18. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
M B T Financial Corp finds support from accumulated volume at $10.74.
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 (2.75%) between high and low. For the last week, the stock has had a daily average volatility of 2.96%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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M B T Financial Corp holds several negative signals and is within a wide 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.
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