Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade B 32.15 0.63% 0.20
MBWM closed up 0.63 percent on Friday, January 18, 2019, on 1.44 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Earnings due: Jan 22

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Up Up
See historical MBWM trend table...

Date Alert Name Type % Chg
Jan 18 Pocket Pivot Bullish Swing Setup 0.00%
Jan 18 Spinning Top Other 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 18 Up 3 Days in a Row Strength 0.00%
Jan 18 Up 4 Days in a Row Strength 0.00%
Jan 17 Overbought Stochastic Strength 0.63%
Jan 17 Up 3 Days in a Row Strength 0.63%
Jan 16 New Uptrend Bullish 1.87%
Jan 16 Overbought Stochastic Strength 1.87%
Jan 15 180 Bullish Setup Bullish Swing Setup 3.51%

Older signals for MBWM ...

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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: 3 bullish, 1 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 38.47
52 Week Low 26.4
Average Volume 46,634
200-Day Moving Average 33.9828
50-Day Moving Average 30.3198
20-Day Moving Average 29.701
10-Day Moving Average 31.168
Average True Range 0.9845
ADX 27.17
+DI 29.1288
-DI 11.7495
Chandelier Exit (Long, 3 ATRs ) 29.4665
Chandelier Exit (Short, 3 ATRs ) 29.3535
Upper Bollinger Band 32.9921
Lower Bollinger Band 26.4099
Percent B (%b) 0.87
BandWidth 22.161543
MACD Line 0.604
MACD Signal Line 0.2494
MACD Histogram 0.3545
Fundamentals Value
Market Cap 529.93 Million
Num Shares 16.5 Million
EPS 1.91
Price-to-Earnings (P/E) Ratio 16.83
Price-to-Sales 5.03
Price-to-Book 1.68
PEG Ratio 2.48
Dividend 0.76
Dividend Yield 2.36%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.20
Resistance 3 (R3) 33.17 32.80 33.03
Resistance 2 (R2) 32.80 32.53 32.81 32.97
Resistance 1 (R1) 32.47 32.36 32.64 32.50 32.91
Pivot Point 32.10 32.10 32.18 32.11 32.10
Support 1 (S1) 31.77 31.83 31.94 31.80 31.39
Support 2 (S2) 31.40 31.66 31.41 31.33
Support 3 (S3) 31.07 31.40 31.28
Support 4 (S4) 31.10