MRBK NEWS why is Meridian Corporation price falling or rising

MRBK NEWS reasons for why stock price of Meridian Corporation is falling or rising

MRBK Meridian Corporation is falling or rising technical reasons

Technical analysis forecast for Meridian Corporation 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 Meridian Corporation MRBK at this time. Stock is falling and might fall more.

It appears as if Meridian Corporation MRBK gave a large move recently.

Stock of Meridian Corporation (MRBK) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Meridian Corporation is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.7 as stoploss in an intra day buy trade for a target of 8.99. However, stock will show a bearish move below 8.7.

MRBK Meridian Corporation is falling or rising NEWS fundamental reasons

More announcements and NEWS

MRBK Meridian Corporation current price & indicator signals

Moving Averages for Meridian Corporation

  • 5Day Average: 8.97
  • 12Day Average: 8.82
  • 20Day Average: 8.88
  • 50Day Average: 9.4
  • 100Day Average: 10.81
  • 150Day Average: 10.99
  • 200Day Average: 11.12

MRBK Indicators & signals

Indicator MACD (12,26,9)

8.89, 9.07, -0.23
Indicator MACD is in negative zone

Indicator ADX (14)

5.88, 20, 17.78
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of MRBK Meridian Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 8.75 8.69 to 9.31 -1.57% 3.2 times
02 Thu May 2024 8.89 8.70 to 9.15 1.83% 0.71 times
01 Wed May 2024 8.73 8.73 to 9.50 -5.72% 1.15 times
30 Tue Apr 2024 9.26 8.95 to 9.35 0.43% 1.07 times
29 Mon Apr 2024 9.22 9.15 to 9.60 1.32% 0.38 times
26 Fri Apr 2024 9.10 9.10 to 9.64 0.89% 1.13 times
25 Thu Apr 2024 9.02 8.70 to 9.10 0.78% 0.56 times
24 Wed Apr 2024 8.95 8.27 to 8.95 6.55% 2.34 times
23 Tue Apr 2024 8.40 8.40 to 8.64 -1.41% 0.36 times
22 Mon Apr 2024 8.52 8.51 to 8.67 0.12% 0.29 times
19 Fri Apr 2024 8.51 8.51 to 9.00 0.95% 2 times
18 Thu Apr 2024 8.43 8.27 to 8.70 0.84% 0.81 times

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MRBK NEWS why is Meridian Corporation price falling or rising

 

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