Midland States Bancorp Inc

MSBI remains in a Stage 2 advancing regime with a dominant higher highs/higher lows structure and rising EMAs confirming medium-term bullish permission. However, price is currently extended above the 9- and 20-day EMAs and RSI is elevated, making immediate entries unfavorable. Execution is deferred to shallow pullbacks into the confluence zone around the rising short-term EMAs near prior support.

• ↑Q3 net income of $23.5 M (EPS $1.04) on 28% annualized loan growth
• ↑Commercial loans in St. Louis rose 36% annualized, fueling regional expansion
• ↓Management warns recession could challenge 2023 loan growth