Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change $ Change
grade D $33.51 0.03% 0.01
MBWM closed up 0.03 percent on Monday, February 27, 2017, on 46 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Down Up
See historical MBWM trend table...

Date Alert Name Type % Chg
Feb 27 Narrow Range Bar Range Contraction 0.00%
Feb 27 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Feb 23 Stochastic Sell Signal Bearish -0.45%
Feb 22 NR7 Range Contraction -0.06%
Feb 22 NR7-2 Range Contraction -0.06%
Feb 22 Narrow Range Bar Range Contraction -0.06%
Feb 21 NR7 Range Contraction -0.27%
Feb 21 Narrow Range Bar Range Contraction -0.27%
Feb 21 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.27%
Feb 17 Stochastic Reached Overbought Other 0.18%

Older signals for MBWM ...

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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
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 38.68
52 Week Low 20.51
Average Volume 42,708
200-Day Moving Average 28.47
50-Day Moving Average 34.6
20-Day Moving Average 32.54
10-Day Moving Average 33.2
Average True Range 0.74
ADX 17.3
+DI 23.77
-DI: 20.91
Chandelier Exit (Long, 3 ATRs) 31.9
Chandelier Exit (Short, 3 ATRs) 32.87
Upper Bollinger Band 34.16
Lower Bollinger Band 30.92
Percent B (%b) 0.8
Bandwidth 0.09957