MFIN NEWS why is Medallion Financial Corp. price falling or rising

MFIN NEWS reasons for why stock price of Medallion Financial Corp. is falling or rising

MFIN Medallion Financial is falling or rising technical reasons

Technical analysis forecast for Medallion Financial Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Medallion Financial MFIN at this time. Stock is falling and might fall more.

It appears as if Medallion Financial MFIN gave a large move recently.

Stock of Medallion Financial (MFIN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Medallion Financial is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Medallion Financial stays below 9.2, but if it comes above 9.2, then a intra day buy could be more profitable.
If you take a sell trade below 9.2, then use 9.2 as stoploss and 8.8 as target. However if you take a buy trade in Medallion Financial, then use 9.2 as stoploss and 9.58 as target.

MFIN Medallion Financial is falling or rising NEWS fundamental reasons

MFIN extends deadline for adhering to maximum three-lenders per borrower rule by three months MFIN has extended the deadline for the three-lenders per borrower rule to the end of March 2025. The rule aims to reduce borrower indebtedness and improve asset quality. Other new guidelines, including a cap on outstanding loans and halting lending to deli - NEWS as on 2025-01-02 indiatimes.com

MFIN defers lender limit rule by 3 months MFIN has extended the deadline for the three-lenders per borrower rule to the end of March 2025. The rule aims to reduce borrower indebtedness and improve asset quality. Other new guidelines, including a cap on outstanding loans and halting lending to deli - NEWS as on 2025-01-02 indiatimes.com

More announcements and NEWS

MFIN Medallion Financial Corp. current price & indicator signals

Moving Averages for Medallion Financial Corp.

  • 5Day Average: 9.4
  • 12Day Average: 9.6
  • 20Day Average: 9.68
  • 50Day Average: 9.5
  • 100Day Average: 8.69
  • 150Day Average: 8.47
  • 200Day Average: 8.32

MFIN Indicators & signals

Indicator MACD (12,26,9)

9.52, 9.56, 0.05
Indicator MACD is in negative zone

Indicator ADX (14)

12.5, 20.59, 26.47
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MFIN Medallion Financial Corp. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu Jan 2025 9.19 9.09 to 9.53 -2.13% 1.53 times
31 Tue Dec 2024 9.39 9.19 to 9.53 0.43% 1.3 times
30 Mon Dec 2024 9.35 9.26 to 9.55 -0.21% 1.1 times
27 Fri Dec 2024 9.37 9.31 to 9.67 -3.2% 0.45 times
26 Thu Dec 2024 9.68 9.50 to 9.72 1.04% 0.57 times
24 Tue Dec 2024 9.58 9.35 to 9.65 1.81% 0.54 times
23 Mon Dec 2024 9.41 9.38 to 9.86 -3.78% 1.07 times
20 Fri Dec 2024 9.78 9.51 to 9.87 1.77% 2.4 times
19 Thu Dec 2024 9.61 9.54 to 9.88 -0.62% 0.59 times
18 Wed Dec 2024 9.67 9.67 to 10.11 -2.52% 1.14 times
17 Tue Dec 2024 9.92 9.83 to 10.22 -2.94% 0.83 times
16 Mon Dec 2024 10.22 10.08 to 10.28 0.69% 1.38 times

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MFIN NEWS why is Medallion Financial Corp. price falling or rising

 

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