MIDLAND STATES BANCORP INC. - Daily - Technical analysis published on 09/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 26.39 USD
My targets
25.66 USD (-0.43%)
24.25 USD (-5.90%)
My analysis
MIDLAND STATES BANCORP INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 26.39 USD. The next support located at 25.66 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 24.25 USD. Below this support, sellers could then target 22.97 USD.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MIDLAND STATES BANCORP INC. rating is 25.77 USD. The price is lower by -0.35% since the last closing and was traded between 25.59 USD and 26.04 USD over the period. The price is currently at +0.70% from its lowest and -1.04% from its highest.25.59
26.04
25.77
Here is a more detailed summary of the historical variations registered by MIDLAND STATES BANCORP INC.:
Technical
A technical analysis in Daily of this MIDLAND STATES BANCORP INC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.97 | 24.25 | 25.66 | 25.77 | 26.39 | 27.49 | 29.27 |
| Change (%) | -10.87% | -5.90% | -0.43% | - | +2.41% | +6.67% | +13.58% |
| Change | -2.80 | -1.52 | -0.11 | - | +0.62 | +1.72 | +3.50 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.76 | 25.19 | 25.53 | 25.96 | 26.30 | 26.73 | 27.07 |
| Camarilla | 25.65 | 25.72 | 25.79 | 25.86 | 25.93 | 26.00 | 26.07 |
| Woodie | 24.71 | 25.17 | 25.48 | 25.94 | 26.25 | 26.71 | 27.02 |
| Fibonacci | 25.19 | 25.49 | 25.67 | 25.96 | 26.26 | 26.44 | 26.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.33 | 24.28 | 24.80 | 25.75 | 26.27 | 27.22 | 27.74 |
| Camarilla | 24.92 | 25.05 | 25.19 | 25.32 | 25.46 | 25.59 | 25.72 |
| Woodie | 23.12 | 24.18 | 24.59 | 25.65 | 26.06 | 27.12 | 27.53 |
| Fibonacci | 24.28 | 24.85 | 25.19 | 25.75 | 26.32 | 26.66 | 27.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.73 | 24.56 | 25.84 | 26.67 | 27.95 | 28.78 | 30.06 |
| Camarilla | 26.54 | 26.73 | 26.93 | 27.12 | 27.31 | 27.51 | 27.70 |
| Woodie | 23.96 | 24.67 | 26.07 | 26.78 | 28.18 | 28.89 | 30.29 |
| Fibonacci | 24.56 | 25.37 | 25.86 | 26.67 | 27.48 | 27.97 | 28.78 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.12 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -0.41 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 25.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.58 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 27.43 | |
| Zig ZAG (10): | 25.77 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 44.04 | |
| TEMA (21): | 25.70 | |
| Williams %R (14): | -57.19 | |
| Chande Momentum Oscillator (20): | 0.32 | |
| Repulse (5,40,3): | -1.7200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.18 |
| MA7: | 25.73 | |
| MA20: | 25.82 | |
| MA50: | 26.04 | |
| MA100: | 26.01 | |
| MAexp7: | 25.78 | |
| MAexp20: | 25.88 | |
| MAexp50: | 25.92 | |
| MAexp100: | 25.88 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -0.43% |
News
The last news published on MIDLAND STATES BANCORP INC. at the time of the generation of this analysis was as follows:
- Midland States Bancorp, Inc. Announces Departure of Chief Financial Officer and Promotion of Donald Spring to Chief Accounting Officer
- Midland States Bancorp, Inc. Announces $25 Million Stock Repurchase Program and Declares Quarterly Cash Dividend of $0.2425 Per Share
- Midland States Bancorp, Inc. Announces 2019 Second Quarter Results
- Midland States Bancorp, Inc. Completes the Acquisition of HomeStar Financial Group
- Midland States Bancorp, Inc. to Participate In Piper Jaffray Midwest Bank Symposium
This member declared not having a position on this financial instrument or a related financial instrument.
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