Technical Analysis for MBWM - Mercantile Bank Corporation
|Grade||Last Price||% Change||Price Change|
MBWM closed down 1.56 percent on Monday, June 26, 2017, on approximately normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
Earnings due: Jul 18
Trend Table & Recent Alerts
|Weak or Absent||Down||Down||Down|
|See historical MBWM trend table...|
|Date||Alert Name||Type||% Chg|
|Jun 26||Downside 200 DMA Break||Bearish||0.00%|
|Jun 26||MACD Bearish Centerline Cross||Bearish||0.00%|
|Jun 23||Upside 200 DMA Break||Bullish||-1.56%|
|Jun 22||50 DMA Resistance||Bearish||-0.47%|
|Jun 22||200 DMA Resistance||Bearish||-0.47%|
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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|
|Oversold / Overbought|
|Summary:||Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more MBWM news...
|52 Week High||38.4566|
|52 Week Low||22.1811|
|200-Day Moving Average||31.8368|
|50-Day Moving Average||32.5026|
|20-Day Moving Average||32.0986|
|10-Day Moving Average||32.456|
|Average True Range||1.0851|
|Chandelier Exit (Long, 3 ATRs)||31.1547|
|Chandelier Exit (Short, 3 ATRs)||33.4996|
|Upper Bollinger Band||33.8203|
|Lower Bollinger Band||30.3769|
|Percent B (%b)||0.35|
|MACD Signal Line||0.0182|