(MBWM) Mercantile Bank complete technical analysis [charts+indicators] | Buy/Sell Mercantile Bank | (MBWM) share price targets
Complete technical analysis of Mercantile Bank (MBWM) by charts plus indicators, forecast predictions and share price targets for Mercantile Bank (MBWM)
Mercantile Bank trades in USA in Finance sector.
10 day averaged volume of Mercantile Bank is 51716
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 39.89 | 40.22 | 40.34 | 39.67 | 0.704 times |
| 16 Thu May 2024 | 39.96 | 39.93 | 40.30 | 39.66 | 0.984 times |
| 15 Wed May 2024 | 39.86 | 39.49 | 39.93 | 39.16 | 0.883 times |
| 14 Tue May 2024 | 39.10 | 39.52 | 39.70 | 38.77 | 0.882 times |
| 13 Mon May 2024 | 39.01 | 39.84 | 39.84 | 38.95 | 0.845 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.7, but if it comes below 39.7, then a intra day sell could be more profitable.
If you take a sell trade below 39.7, then use 39.7 as stoploss and 38.24 as target. However if you take a buy trade in stock , then use 39.7 as stoploss and 41.4 as target.
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 33.46 |
| Downside Target | 34.25 |
| Downside Target | 35.14 |
| Downside Target | 37.14 |
| Downside Target | 38.51 |
| Downside Target | 38.82 |
| Downside Target | 39.70 |
| Downside Target | 39.85 |
| Upside Target | 40.34 |
| Upside Target | 40.59 |
| Upside Target | 42.82 |
Intraday share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Intraday Target | 38.99 |
| Downside Intraday Target | 38.1 |
| Upside Intraday Target | 40.56 |
| Upside Intraday Target | 41.24 |
| Downside Intraday Target | 39.67 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 39.89 | 39.84 | 40.34 | 38.77 | 0.754 times |
| 10 Fri May 2024 | 39.61 | 38.86 | 39.85 | 38.81 | 0.917 times |
| 03 Fri May 2024 | 38.47 | 36.35 | 38.82 | 35.74 | 1.066 times |
| 26 Fri Apr 2024 | 36.19 | 36.38 | 37.14 | 36.03 | 0.579 times |
| 19 Fri Apr 2024 | 36.07 | 35.99 | 36.28 | 33.46 | 1.813 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mercantile Bank (MBWM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 39.89 | 36.36 | 40.34 | 36.28 | 0.47 times |
| 30 Tue Apr 2024 | 36.08 | 38.51 | 38.51 | 33.46 | 0.904 times |
| 28 Thu Mar 2024 | 38.49 | 36.61 | 39.70 | 35.14 | 1.226 times |
| 29 Thu Feb 2024 | 36.84 | 40.33 | 40.59 | 36.10 | 0.828 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mercantile Bank (MBWM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 30, 14, 35 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 84 | Buy |
| CCI | 142 | Sell |
| RSI | 50 | Sell |
| OBV | 663804 | Sell |
| VWAP | 40 | Buy |
| ADL | 0 | Sell |
| ROC | 4 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercantile Bank in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile Bank in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercantile Bank is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 39.54 and Mercantile Bank (MBWM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.
Mercantile Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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