Technical Analysis for MBINN - Merchants Bancorp - Depositary Shares 6.00% Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock

Grade Last Price % Change Price Change
D 21.85 0.97% 0.21
MBINN closed up 0.97 percent on Wednesday, November 20, 2024, on 72 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Gapped Up Strength 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish 0.97%
NR7 Range Contraction 0.97%
Lower Bollinger Band Walk Weakness 0.97%

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Profile

Merchants Bancorp - Depositary Shares 6.00% Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock Description

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator. Its Mortgage Warehousing segment funds agency eligible residential loans including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.


Classification

Sector: Financial Services
Industry: Banks - Regional
Keywords: Bank Financial Products Retail Banking Loan Products Mortgage Healthcare Facilities Mortgage Banking Mortgage Bank Residential Mortgage Banking Pennymac Financial Services Bridge Financing Products Tax Credit Equity Syndicator

Is MBINN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 24.34
52 Week Low 16.9908
Average Volume 9,193
200-Day Moving Average 21.02
50-Day Moving Average 23.15
20-Day Moving Average 22.77
10-Day Moving Average 22.48
Average True Range 0.54
RSI (14) 35.48
ADX 26.33
+DI 11.79
-DI 26.52
Chandelier Exit (Long, 3 ATRs) 21.98
Chandelier Exit (Short, 3 ATRs) 23.15
Upper Bollinger Bands 23.79
Lower Bollinger Band 21.74
Percent B (%b) 0.05
BandWidth 9.02
MACD Line -0.32
MACD Signal Line -0.18
MACD Histogram -0.1397
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.18
Resistance 3 (R3) 22.17 22.06 22.13
Resistance 2 (R2) 22.06 21.97 22.06 22.11
Resistance 1 (R1) 21.95 21.92 22.01 21.96 22.09
Pivot Point 21.84 21.84 21.86 21.84 21.84
Support 1 (S1) 21.73 21.75 21.79 21.74 21.61
Support 2 (S2) 21.62 21.70 21.62 21.59
Support 3 (S3) 21.51 21.62 21.58
Support 4 (S4) 21.52