How the (MBINN) price action is used to our Advantage
March 24, 2024, 03:22 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MBINN
- Buy MBINN slightly over 20.08 target 21.78 stop loss @ 20.02 Details
The technical summary data tells us to buy MBINN near 20.08 with an upside target of 21.78. This data also tells us to set a stop loss @ 20.02 to protect against excessive loss in case the stock begins to move against the trade. 20.08 is the first level of support below 21.21 , and by rule, any test of support is a buy signal. In this case, support 20.08 is being tested, a buy signal would exist.
- Short MBINN slightly under 21.78, target 20.08, stop loss @ 21.84 Details
The technical summary data is suggesting a short of MBINN as it gets near 21.78 with a downside target of 20.08. We should have a stop loss in place at 21.84though. 21.78 is the first level of resistance above 21.21, and by rule, any test of resistance is a short signal. In this case, if resistance 21.78 is being tested, a short signal would exist.
Swing Trading Plans for MBINN
- Buy MBINN slightly over 21.78, target n/a, Stop Loss @ 21.72 Details
If 21.78 begins to break higher, the technical summary data tells us to buy MBINN just slightly over 21.78, with an upside target of n/a. The data also tells us to set a stop loss @ 21.72 in case the stock turns against the trade. 21.78 is the first level of resistance above 21.21, and by rule, any break above resistance is a buy signal. In this case, 21.78, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MBINN slightly near 21.78, target 21.1, Stop Loss @ 21.84. Details
The technical summary data is suggesting a short of MBINN if it tests 21.78 with a downside target of 21.1. We should have a stop loss in place at 21.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 21.78, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MBINN
- Buy MBINN slightly over 21.32, target 21.78, Stop Loss @ 21.27 Details
If 21.32 begins to break higher, the technical summary data tells us to buy MBINN just slightly over 21.32, with an upside target of 21.78. The data also tells us to set a stop loss @ 21.27 in case the stock turns against the trade. 21.32 is the first level of resistance above 21.21, and by rule, any break above resistance is a buy signal. In this case, 21.32, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MBINN slightly near 21.32, target 21.1, Stop Loss @ 21.37. Details
The technical summary data is suggesting a short of MBINN if it tests 21.32 with a downside target of 21.1. We should have a stop loss in place at 21.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 21.32, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Merchants Bancorp Depositary Shares 6.00% Fixed Rate Series C Non-cumulative Perpetual Preferred Stock (MBINN) available here: MBINN.
MBINN Ratings for March 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
18.52 |
| P2 |
21.32 |
20.7 |
20.08 |
| P3 |
0 |
21.1 |
21.78 |
AI Generated Signals for MBINN
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Merchants Bancorp Depositary Shares 6.00% Fixed Rate Series C Non-cumulative Perpetual Preferred Stock (NASDAQ: MBINN) data table below can help you with price action, and we have more details too. Trading plans for MBINN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MBINN:
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