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(MBIN) Merchants Bancorp complete technical analysis [charts+indicators] | Buy/Sell Merchants Bancorp | (MBIN) share price targets

Complete technical analysis of Merchants Bancorp (MBIN) by charts plus indicators, forecast predictions and share price targets for Merchants Bancorp (MBIN)

Merchants Bancorp trades in USA in Finance sector.

10 day averaged volume of Merchants Bancorp is 425168

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	40.56	41.61	42.09	40.50	0.426 times
22 Wed May 2024	41.56	41.66	42.00	41.30	0.444 times
21 Tue May 2024	41.94	42.30	42.65	41.78	0.494 times
20 Mon May 2024	42.49	42.73	43.35	42.23	0.74 times
17 Fri May 2024	42.80	42.28	42.98	41.78	1.16 times
16 Thu May 2024	42.84	43.00	43.00	42.23	0.796 times
15 Wed May 2024	43.04	42.88	43.13	42.57	1.275 times
14 Tue May 2024	42.62	43.20	43.35	42.15	4.308 times
13 Mon May 2024	47.61	47.80	48.63	47.33	0.294 times
10 Fri May 2024	47.44	47.50	47.50	46.93	0.213 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.7, but if it comes above 40.7, then a intra day buy could be more profitable.
If you take a sell trade below 40.7, then use 40.7 as stoploss and 37.3 as target. However if you take a buy trade in stock , then use 40.7 as stoploss and 43.52 as target.

Share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Target	37.03
Downside Target	38.14
Downside Target	40.50
Upside Target	43.35
Upside Target	44.26
Upside Target	45.88
Upside Target	46.16
Upside Target	46.29
Upside Target	48.10
Upside Target	48.63
Upside Target	48.68

Intraday share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Intraday Target	39.59
Downside Intraday Target	38.62
Upside Intraday Target	42.44
Upside Intraday Target	44.32
Upside Intraday Target	41.47

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	40.56	42.73	43.35	40.50	0.269 times
17 Fri May 2024	42.80	47.80	48.63	41.78	4.741 times
10 Fri May 2024	47.44	46.39	48.10	46.29	0.556 times
03 Fri May 2024	45.87	39.02	46.16	38.47	2.512 times
26 Fri Apr 2024	39.04	39.28	41.11	38.78	0.785 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Merchants Bancorp (MBIN)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu May 2024	40.56	40.57	48.63	40.50	1.97 times
30 Tue Apr 2024	40.33	43.45	44.02	37.03	0.98 times
28 Thu Mar 2024	43.18	42.70	45.88	39.26	1.203 times
29 Thu Feb 2024	42.86	44.10	44.26	38.14	1.029 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Merchants Bancorp (MBIN)

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Merchants Bancorp ( (MBIN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Merchants Bancorp stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Merchants Bancorp in short term but the sell signal is initial and weak.

Merchants Bancorp Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Merchants Bancorp in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Merchants Bancorp is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.78 and Merchants Bancorp (MBIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Merchants Bancorp (MBIN) stock. Volume based technical analysis of Merchants Bancorp (MBIN) stock is negative.

Merchants Bancorp Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.