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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William %R for MSFG has crossed above the overbought limit triggering a bearish crossover signal
Williams %R /
William %R for MSFG has crossed above the overbought limit triggering a bearish crossover signal

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

[Uptrend]: Recent trading for MSFG indicates ST trend is likely to continue
Weighted Moving Average /
[Uptrend]: Recent trading for MSFG indicates ST trend is likely to continue

[BULLISH]: Mainsource currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.6%.

Price Range /
Volatile price performance from MSFG has seen a range of 0.68 [Uptrend]

[BULLISH]: Mainsource current uptrend in the first timeframe. Currently, the Range is $0.68.

Opening Price /
Recent trading for Mainsource has opened -1 % lower than previous session

[BEARISH]: Mainsource opening price has gapped down. Currently, the OPEN is $36.39 (-1 %).

Moving Average Envelope /
Envelope bands Oversold signal is still current for Mainsource [Bullish]

[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 33.5635.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Mainsource [Bullish]

[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 0.6%.

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Chaikin Money Flow /
Buying pressure for Mainsource continues - bullish signal

[BULLISH]: Mainsource current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.21. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.21

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

[BULLISH]: Mainsource has formed a Long White candlestick. This means, MSFG has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[Bullish]: Mainsource has beaten previous close by 0.6 %
Closing Price /
[Bullish]: Mainsource has beaten previous close by 0.6 %

[BULLISH]: Mainsource current uptrend in the first timeframe. Currently, the Close is $36.79.

Ease of Movement /
Mainsource: Ease of Movement(-12.292)

MSFG: EOM Recent Trading -> (1) 19 Oct: -12.292 (2) 18 Oct: 2.258 (3) 17 Oct: 110.849

MACD /
MACD for Mainsource continues to lose momentum @-0.054000

[BEARISH]: Mainsource currently has negative MACD of -0.054000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 1.7%.

High Price /
MSFG has achieved a new high of $36.97 (0.1 %)

[BULLISH]: Mainsource current uptrend in the first timeframe. Currently, the HIGH is 0.1 %.

Mainsource: Daily low price is $36.29 [Lower low]
Low Price /
Mainsource: Daily low price is $36.29 [Lower low]

MSFG: LOW Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BULLISH

14-day rate of change is increasing for Mainsource
Rate of Change /
14-day rate of change is increasing for Mainsource

[BULLISH]: Mainsource currently has positive rate of change of 2.6%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Ulcer Index /
Ulcer index has fallen as the price rises for Mainsource

[BEARISH]: Mainsource UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.906.

Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (96) for Mainsource

[BULLISH]: Mainsource has a current ARO(25) of 96. This has change 4 points from yesterday.

Close Tod Vs Close Yest /
Daily trading performance for MSFG has initiated a short term uptrend

[BULLISH]: Mainsourcebuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MSFG adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.8 & the greatest daily positive change this year has been 4.4. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 6.4%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 2%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 1%

Mainsource: Exponential Moving Average(5) (36.5921)
Exponential Moving Average /
Mainsource: Exponential Moving Average(5) (36.5921)

[BULLISH]: Mainsource currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.6%.

Trading for Mainsource highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Mainsource highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Mainsource buyers are in control at the market close. This is the first day of buyer commitment 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 228 trading days with the closing price in the upper part of the range giving a confirmation ratio of 86.7%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 42.9%. Currently this quarter, closing price has spent 6 days in the upper price range compared to 3 days in the lower range giving a ratio of 2x.

[Short]: Entry price for MSFG should be set @$25.78
Fibonacci Extensions /
[Short]: Entry price for MSFG should be set @$25.78

Mainsource has moved above the 161.8% level ($25.78) [Bearish]. Look for a short limit order entry near this point. Exit price for MSFG should be set @$28.49 & short position stoploss for Mainsource should be set at $23.07

PROFIT /
Mainsource: Turnover is $183.54M

Mainsource Key financial metrics: (1) Revenue: $183.54M (2) EBITDA: $0.00 (3) Price-Sales ratio: 5.10

Volume Rate of Change /
Mainsource: Volume Rate of Change (85)

MSFG: VROC Recent Trading -> (1) 19 Oct: 85 (2) 18 Oct: -32 (3) 17 Oct: -70

Relative Strength Index /
Relative Strength Index (75.0894) for MSFG is now below the overbought limit

[BEARISH]: Mainsource is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @75.0894

Coles Reaction Day /
MSFG: Short term trend has confirmed a reaction day

Mainsource: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for MSFG

PPO has positive momentum signalling a continuation of upward price rise for MSFG
Percentage Price /
PPO has positive momentum signalling a continuation of upward price rise for MSFG

[BULLISH]: Mainsource currently has positive PPO 1.900%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Positive momentum for MSFG is a leading indicator for continued price rise
Momentum /
Positive momentum for MSFG is a leading indicator for continued price rise

[BULLISH]: Mainsource currently has positive momentum of 0.5. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.6%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 7.2%%.

Demarks Pivot Points /
[Long]: Limit orders for Mainsource should be set at $36.755

Mainsource has broken the first DeMark resistance point ($36.755) [Bullish]. Look for a long limit order entry near this point. Exit price for MSFG should be set @$37.22 & Stoploss for Mainsource should be set at $36.54

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