Technical Analysis for MBWM - Mercantile Bank Corporation
Grade | Last Price | % Change | Price Change |
---|---|---|---|
B | 39.56 | 0.15% | 0.06 |
Earnings due: May 23
*** please verify all earnings dates ***ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Up | Up |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Pocket Pivot | Bullish Swing Setup | 0.00% | |
Cup with Handle | Other | 0.00% | |
Upper Bollinger Band Walk | Strength | 0.00% | |
Overbought Stochastic | Strength | 0.00% | |
Up 3 Days in a Row | Strength | 0.00% | |
Up 4 Days in a Row | Strength | 0.00% | |
Up 5 Days in a Row | Strength | 0.00% | |
Gapped Down | Weakness | 0.00% | |
Stochastic Sell Signal | Bearish | 0.15% | |
Pocket Pivot | Bullish Swing Setup | 0.15% |
Alert | Time |
---|---|
Gap Down Closed | about 7 hours ago |
Upper Bollinger Band Resistance | about 7 hours ago |
60 Minute Opening Range Breakout | about 9 hours ago |
Gapped Down (Full) | about 10 hours ago |
Fell Below Previous Day's Low | about 10 hours ago |
Get a Trading Assistant
- Earnings date: 05/23/2024
Mercantile Bank Corporation Description
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides financial products and services primarily to small-to medium-sized businesses, individuals, and governmental units. The company offers various deposit products, including checking accounts, savings deposits, money market accounts, certificates of deposit, demand deposits, time deposits, and security repurchase agreements. Its loan portfolio comprises secured and unsecured commercial loans, such as loans and leases for working capital, accounts receivable financing, and machinery and equipment acquisition; commercial real estate financing loans consisting of new construction and land development; single-family residential real estate loans; home equity line of credit programs; multi-family and residential rental property loans; and consumer loans, such as loans for new and used automobiles, boats, credit cards, and overdraft protection. In addition, the company provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. As of April 16, 2013, it operated seven full-service banking offices in Grand Rapids, Holland, and Lansing areas in Michigan. Mercantile Bank Corporation also operates seven automated teller machines. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.
Classification
Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Deposit Products Loan Insurance Products Financial Products Demand Deposit Boat Residential Real Estate Loans Repurchase Agreement Machinery Life Insurance Products Deposit Facilities Service Banking Offices Courier Line Of Credit Grand Rapids Real Estate Financing Courier Services
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 42.4106 |
52 Week Low | 22.8992 |
Average Volume | 76,040 |
200-Day Moving Average | 35.38 |
50-Day Moving Average | 36.78 |
20-Day Moving Average | 36.64 |
10-Day Moving Average | 37.74 |
Average True Range | 0.95 |
RSI (14) | 68.15 |
ADX | 18.61 |
+DI | 36.08 |
-DI | 19.52 |
Chandelier Exit (Long, 3 ATRs) | 36.94 |
Chandelier Exit (Short, 3 ATRs) | 36.30 |
Upper Bollinger Bands | 39.96 |
Lower Bollinger Band | 33.32 |
Percent B (%b) | 0.94 |
BandWidth | 18.12 |
MACD Line | 0.70 |
MACD Signal Line | 0.26 |
MACD Histogram | 0.4378 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 40.85 | ||||
Resistance 3 (R3) | 40.74 | 40.21 | 40.64 | ||
Resistance 2 (R2) | 40.21 | 39.88 | 40.26 | 40.56 | |
Resistance 1 (R1) | 39.88 | 39.68 | 40.05 | 39.99 | 40.49 |
Pivot Point | 39.35 | 39.35 | 39.43 | 39.40 | 39.35 |
Support 1 (S1) | 39.02 | 39.02 | 39.19 | 39.13 | 38.63 |
Support 2 (S2) | 38.49 | 38.82 | 38.54 | 38.56 | |
Support 3 (S3) | 38.16 | 38.49 | 38.49 | ||
Support 4 (S4) | 38.27 |