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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 115550

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	38.44	37.63	38.74	37.63	1.295 times
17 Wed Apr 2024	37.63	37.94	38.39	37.52	1.154 times
16 Tue Apr 2024	37.71	38.00	38.14	37.03	1.349 times
15 Mon Apr 2024	38.12	38.44	39.02	37.97	0.859 times
12 Fri Apr 2024	38.40	39.00	39.02	38.07	1.315 times
11 Thu Apr 2024	39.14	38.92	39.24	38.09	0.722 times
10 Wed Apr 2024	38.81	40.28	40.28	38.46	0.634 times
09 Tue Apr 2024	41.11	41.48	41.50	40.89	0.454 times
08 Mon Apr 2024	41.21	41.45	41.45	40.71	0.84 times
05 Fri Apr 2024	41.38	41.47	42.24	41.32	1.691 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.8, but if it comes above 38.8, then a intra day buy could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 36.7 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 40.55 as target.

Share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Target	33.05
Downside Target	37.03
Downside Target	38.07
Upside Target	40.64
Upside Target	43.26
Upside Target	43.41
Upside Target	43.89
Upside Target	44.02
Upside Target	44.26
Upside Target	45.88
Upside Target	48.68

Intraday share price targets for Merchants Bancorp (MBIN)

Target Type	Value
Downside Intraday Target	37.31
Downside Intraday Target	36.17
Upside Intraday Target	39.3
Upside Intraday Target	40.15
Downside Intraday Target	38.16

Weekly technical analysis of Merchants Bancorp (MBIN)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	38.44	38.44	39.02	37.03	1.174 times
12 Fri Apr 2024	38.40	41.45	41.50	38.07	0.819 times
05 Fri Apr 2024	41.38	43.45	44.02	41.03	1.03 times
28 Thu Mar 2024	43.18	41.64	43.26	40.64	0.615 times
22 Fri Mar 2024	41.62	39.54	43.41	39.26	1.154 times

Price has moved up 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
18 Thu Apr 2024	38.44	43.45	44.02	37.03	0.543 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
31 Wed Jan 2024	43.74	42.06	48.68	38.45	0.775 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 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 mid to longer 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.

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

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

Merchants Bancorp Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Merchants Bancorp in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 39.12 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 negative.

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