Mid Penn Bancorp Stock Technical Analysis

MPB Stock  USD 20.16  0.66  3.38%   
As of the 28th of March, Mid Penn secures the Standard Deviation of 2.25, mean deviation of 1.6, and Risk Adjusted Performance of (0.06). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mid Penn Bancorp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Mid Penn, which can be compared to its peers in the industry. Please verify Mid Penn Bancorp mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if Mid Penn Bancorp is priced some-what accurately, providing market reflects its recent price of 20.16 per share. Given that Mid Penn Bancorp has information ratio of (0.18), we recommend you to check Mid Penn's last-minute market performance to make sure the company can sustain itself at a future point.

Mid Penn Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mid, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Mid
  
Mid Penn's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Mid Penn Analyst Consensus

Target PriceAdvice# of Analysts
26.5Strong Buy2Odds
Mid Penn Bancorp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Mid analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mid stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mid Penn Bancorp, talking to its executives and customers, or listening to Mid conference calls.
Mid Analyst Advice Details
Mid Penn technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Mid Penn technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mid Penn trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Mid Penn Bancorp Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mid Penn Bancorp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Mid Penn Bancorp Trend Analysis

Use this graph to draw trend lines for Mid Penn Bancorp. You can use it to identify possible trend reversals for Mid Penn as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mid Penn price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Mid Penn Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mid Penn Bancorp applied against its price change over selected period. The best fit line has a slop of   0.07  , which may imply that the returns on investment in Mid Penn Bancorp will continue to fail. It has 122 observation points and a regression sum of squares at 181.09, which is the sum of squared deviations for the predicted Mid Penn price change compared to its average price change.

About Mid Penn Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mid Penn Bancorp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mid Penn Bancorp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mid Penn Bancorp price pattern first instead of the macroeconomic environment surrounding Mid Penn Bancorp. By analyzing Mid Penn's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mid Penn's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mid Penn specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio11.78.710.7615.66
Short Term Coverage Ratios0.910.580.01470.014

Mid Penn March 28, 2024 Technical Indicators

Most technical analysis of Mid help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mid from various momentum indicators to cycle indicators. When you analyze Mid charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Mid Penn March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Mid stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Mid Penn Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mid Penn's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mid Penn Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mid Penn Bancorp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mid Penn Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Mid Stock analysis

When running Mid Penn's price analysis, check to measure Mid Penn's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mid Penn is operating at the current time. Most of Mid Penn's value examination focuses on studying past and present price action to predict the probability of Mid Penn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mid Penn's price. Additionally, you may evaluate how the addition of Mid Penn to your portfolios can decrease your overall portfolio volatility.
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Is Mid Penn's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mid Penn. If investors know Mid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mid Penn listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
0.8
Earnings Share
2.29
Revenue Per Share
10.023
Quarterly Revenue Growth
(0.06)
The market value of Mid Penn Bancorp is measured differently than its book value, which is the value of Mid that is recorded on the company's balance sheet. Investors also form their own opinion of Mid Penn's value that differs from its market value or its book value, called intrinsic value, which is Mid Penn's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mid Penn's market value can be influenced by many factors that don't directly affect Mid Penn's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mid Penn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mid Penn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mid Penn's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.