(MBIN) On The My Stocks Page

November 02, 2024, 21:56 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MBIN

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short MBIN slightly under 40.29, target n/a, stop loss @ 40.41 Details

The technical summary data is suggesting a short of MBIN as it gets near 40.29, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 40.41. 40.29 is the first level of resistance above 36.32, and by rule, any test of resistance is a short signal. In this case, if resistance 40.29 is being tested, so a short signal would exist.

Swing Trading Plans for MBIN

• Buy MBIN slightly over 38.56, target 40.29, Stop Loss @ 38.45 Details

If 38.56 begins to break higher, the technical summary data tells us to buy MBIN just slightly over 38.56, with an upside target of 40.29. The data also tells us to set a stop loss @ 38.45 in case the stock turns against the trade. 38.56 is the first level of resistance above 36.32, and by rule, any break above resistance is a buy signal. In this case, 38.56, 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 MBIN slightly near 38.56, target 34.62, Stop Loss @ 38.67. Details

The technical summary data is suggesting a short of MBIN if it tests 38.56 with a downside target of 34.62. We should have a stop loss in place at 38.67 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, 38.56, 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 MBIN

• Buy MBIN slightly over 36.5, target 38.56, Stop Loss @ 36.41 Details

If 36.5 begins to break higher, the technical summary data tells us to buy MBIN just slightly over 36.5, with an upside target of 38.56. The data also tells us to set a stop loss @ 36.41 in case the stock turns against the trade. 36.5 is the first level of resistance above 36.32, and by rule, any break above resistance is a buy signal. In this case, 36.5, 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 MBIN slightly near 36.5, target 34.62, Stop Loss @ 36.59. Details

The technical summary data is suggesting a short of MBIN if it tests 36.5 with a downside target of 34.62. We should have a stop loss in place at 36.59 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, 36.5, 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 (MBIN) available here: MBIN.

MBIN Ratings for November 02:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	40.29
P2	32.66	34.62	45.26
P3	36.5	38.56	50.83

AI Generated Signals for MBIN

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Trading or Investing in Merchants Bancorp (NASDAQ: MBIN) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MBIN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MBIN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MBIN too.  All of these are offered below the Summary Table.