Technical analysis from Mainsource (MSFG, NASDAQ:MSFG) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Mainsource
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The daily range for Mainsource has again achieved a higher high [Uptrend]
Short Trend /
The daily range for Mainsource has again achieved a higher high [Uptrend]

[BULLISH]: Mainsource is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Mainsource: Percentage Volume Oscillator @-6.4 [Bearish]
Percentage Volume /
Mainsource: Percentage Volume Oscillator @-6.4 [Bearish]

[BEARISH]: Mainsource currently has negative PVO -6.4%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 2.1%.

Coles Reaction Day /
Mainsource: Coles Indicator (Coles Rally Day)

Mainsource: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for MSFG

Three White Soldiers /
Mainsource: Three White Soldiers

MSFG: Continuation Candlestick Current Signal -> (1) 16 Feb: NEUTRAL (2) 16 Feb: NEUTRAL (3) 16 Feb: NEUTRAL

Camarilla Pivot Points /
Mainsource has moved below the S1 Camarilla pivot point ($36.623) [Bearish]

Mainsource has broken the first Camarilla support point ($36.623) [Bearish]. Look for a short limit order entry near this point. Exit price for MSFG should be set @$33.307 & short position stoploss for Mainsource should be set between $46.573 & $49.89

Sine Weighted Moving Average /
Mainsource is in a short term uptrend with the support price @$39.038

[BULLISH]: Mainsource currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.2%.

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Momentum /
Momentum(5) is increasing for Mainsource

[BULLISH]: Mainsource currently has positive momentum of 1.84. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.2%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 5%%.

Closing price for MSFG is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for MSFG is still below the lower envelope signalling a bullish movement

[BULLISH]: Mainsource current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 36.8030.

Mainsource: Stoploss for short position should be set at $40.735
Woodie Pivot Point /
Mainsource: Stoploss for short position should be set at $40.735

Mainsource has broken the first Woodie support point ($39.49) [Bearish]. Look for a short limit order entry near this point. Exit price for MSFG should be set @$38.935 & short position stoploss for Mainsource should be set at $40.735

Chaikin Money Flow /
Mainsource: Positive divergence confirmed from CMF Crossover

MSFG: Chaikin Oscillator Recent Trading -> (1) 16 Feb: 0.14 (2) 16 Feb: -0 (3) 16 Feb: 0.04

Closing Price /
Close for MSFG has surpassed the close of the previous trading session

[BULLISH]: Mainsource current uptrend in the first timeframe. Currently, the Close is $39.94.

Volume Rate of Change /
Volume rate of change is now rising for Mainsource signalling an uptrend will persist

[BULLISH CROSSOVER]: Mainsource currently has positive volume of change of 82%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.2%.

Mainsource: Daily high performance is 1.2 % [Uptrend]
High Price /
Mainsource: Daily high performance is 1.2 % [Uptrend]

[BULLISH]: Mainsource current uptrend in the first timeframe. Currently, the HIGH is 1.2 %.

MSFG: Medium term trend has confirmed an Downtrend
Medium Trend /
MSFG: Medium term trend has confirmed an Downtrend

[BEARISH]: Mainsource has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Feb 2 2018.

Pivot Points /
Pivot point for MSFG is bearish. Stoploss should be positioned @$40.7

Mainsource has broken the first support point ($39.42) [Bearish]. Look for a short limit order entry near this point. Exit price for MSFG should be set @$38.9 & short position stoploss for Mainsource should be set between $40.7 & $41.22

Demarks Pivot Points /
Limit order for a short position has been identified for Mainsource [Bearish]

Mainsource has broken the first DeMark support point ($39.895) [Bearish]. Look for a short limit order entry near this point. Exit price for MSFG should be set @$39.61 & short position stoploss for Mainsource should be set at $40.51

MACD Volume /
Negative momentum on the Volume MACD histogram for MSFG is maintained & supports a bearish move is likely

[BEARISH]: Mainsource currently has negative Volume MACD of -7604. This means the signal line is less than the Volume MACD line signalling a bearish movement.

The daily battle of control for Mainsource was won again by the buyers
Close Tod Vs Range Tod /
The daily battle of control for Mainsource was won again by the buyers

[BULLISH]: Mainsource buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Mainsource adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 36 trading days with the closing price in the upper part of the range giving a confirmation ratio of 54.5%. Over the last month there has been 10 trading days with the closing price in the upper range giving a confirmation ratio of 90.9%. Currently this quarter, closing price has spent 13 days in the upper price range compared to 11 days in the lower range giving a ratio of 1.2x.

MSFG Basic Candle: White
White Candle /
MSFG Basic Candle: White

[BULLISH]: Mainsource has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Initiation of William %R overbought signal for Mainsource
Williams %R /
Initiation of William %R overbought signal for Mainsource

[BULLISH]: Mainsource is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Average Directional Movement /
Mainsource: Average Directional Index (14.75) has confirmed a weak trend is present

[Weak Trend]: ADX for MSFG has confirmed a weak trend is presentMainsource has an ATR(14) of 0.969, a DX of 15.22 & an ADX(14) of 14.75

Elder Ray Index /
Bull power has increased for Mainsource signalling bullish conditions are likely

[BULLISH]: MainsourceElder Ray Index is signalling a Bullish movementERI is 1.242 indicating bull power. Prices are being driven above the consensus of value for MSFG during the last trading session [Buying Pressure]

Elders Force Index /
Elders Force Index (-1981) has signalled bearish conditions in recent trading for MSFG

[BEARISH]: Mainsource current price has highlighted recent selling pressure. Currently, the Elders Force Index is -1981.

MACD /
[Bullish Crossover]: Mainsource currently has positive MACD histogram 0.098000

[BULLISH CROSSOVER]: Mainsource currently has positive MACD of 0.098000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Mainsource: Range Performance (34.3)
Range Tod Vs Range Yest /
Mainsource: Range Performance (34.3)

MSFG: Range today versus range yesterday Current Signal ->(1) 16 Feb: BULLISH (2) 16 Feb: BULLISH (3) 16 Feb: BEARISH

Accumulation has commenced for Mainsource
Accumulation / Distribution /
Accumulation has commenced for Mainsource

[BULLISH CROSSOVER]: Mainsource current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Volume /
[Bullish]: Mainsource has beaten previous volume by 170.6

[BULLISH]: Mainsource current volume uptrend in the first timeframe. Volume for MSFG is109100 (170.6).

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