Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade C 34.8 0.03% 0.01
MBWM closed up 0.03 percent on Tuesday, December 12, 2017, on 1.54 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Down Down
See historical MBWM trend table...

Date Alert Name Type % Chg
Dec 12 Stochastic Reached Oversold Other 0.00%
Dec 12 Wide Bands Range Expansion 0.00%
Dec 12 Oversold Stochastic Weakness 0.00%
Dec 11 Wide Bands Range Expansion 0.03%
Dec 11 Down 3 Days in a Row Weakness 0.03%
Dec 11 Down 4 Days in a Row Weakness 0.03%
Dec 11 Down 5 Days in a Row Weakness 0.03%
Dec 11 Oversold Stochastic Weakness 0.03%
Dec 8 Fell Below 50 DMA Bearish -1.28%
Dec 8 NR7 Range Contraction -1.28%

Older signals for MBWM ...

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Basic chart:

Profile
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.
Is MBWM a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 38.2551
52 Week Low 28.7685
Average Volume 28,951
200-Day Moving Average 33.0397
50-Day Moving Average 35.7121
20-Day Moving Average 35.8263
10-Day Moving Average 36.1159
Average True Range 0.9899
ADX 16.11
+DI 17.17
-DI 26.01
Chandelier Exit (Long, 3 ATRs ) 34.9108
Chandelier Exit (Short, 3 ATRs ) 36.8313
Upper Bollinger Band 37.4409
Lower Bollinger Band 34.2117
Percent B (%b) 0.18
BandWidth 9.01349
MACD Line 0.002
MACD Signal Line 0.2058
MACD Histogram -0.2039
Fundamentals Value
Market Cap 573.61 Million
Num Shares 16.5 Million
EPS 1.91
Price-to-Earnings (P/E) Ratio 18.22
Price-to-Sales 5.03
Price-to-Book 1.68
PEG Ratio 2.48
Dividend 0.76
Dividend Yield 2.18%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.67
Resistance 3 (R3) 35.70 35.45 35.53
Resistance 2 (R2) 35.45 35.23 35.43 35.48
Resistance 1 (R1) 35.12 35.09 35.29 35.09 35.43
Pivot Point 34.87 34.87 34.95 34.85 34.87
Support 1 (S1) 34.54 34.65 34.71 34.51 34.17
Support 2 (S2) 34.29 34.51 34.27 34.12
Support 3 (S3) 33.96 34.29 34.08
Support 4 (S4) 33.93