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(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 39648

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 37.84 39.25 39.25 37.76 1.064 times
22 Wed May 2024 39.10 39.27 39.55 38.87 0.951 times
21 Tue May 2024 39.38 39.33 39.83 39.09 0.605 times
20 Mon May 2024 39.23 39.89 40.43 39.15 0.999 times
17 Fri May 2024 39.89 40.22 40.34 39.67 0.919 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 37.4 as stoploss in an intra day buy trade for a target of 38.67. However, stock will show a bearish move below 37.4.

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
Upside Target 38.82
Upside Target 39.70
Upside Target 39.85
Upside Target 40.34
Upside Target 40.43
Upside Target 40.59
Upside Target 42.82

Intraday share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Intraday Target 36.92
Downside Intraday Target 36.01
Upside Intraday Target 39.59
Upside Intraday Target 41.35
Upside Intraday Target 38.68

Weekly technical analysis of Mercantile Bank (MBWM)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 37.84 39.89 40.43 37.76 0.646 times
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

Price has moved down 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
23 Thu May 2024 37.84 36.36 40.43 36.28 0.562 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 19, 29, 21 Sell
MACD 1, 1Sell
Stochastics 20Sell
CCI -219Sell
RSI 44Sell
OBV 273483Sell
VWAP 39Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mercantile Bank in short term but the sell signal is initial and weak.

Mercantile Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mercantile Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.3 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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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