Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade C 34.73 0.06% 0.02
MBWM closed up 0.06 percent on Friday, February 16, 2018, on approximately normal volume.
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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 16 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Feb 16 MACD Bullish Signal Line Cross Bullish 0.00%
Feb 16 Wide Bands Range Expansion 0.00%
Feb 16 Up 3 Days in a Row Strength 0.00%
Feb 16 Up 4 Days in a Row Strength 0.00%
Feb 15 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.06%
Feb 15 Narrow Range Bar Range Contraction 0.06%
Feb 15 NR7 Range Contraction 0.06%
Feb 15 Wide Bands Range Expansion 0.06%
Feb 15 Up 3 Days in a Row Strength 0.06%

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: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 37.8805
52 Week Low 28.7685
Average Volume 35,630
200-Day Moving Average 33.557
50-Day Moving Average 35.5052
20-Day Moving Average 34.841
10-Day Moving Average 34.122
Average True Range 0.8012
ADX 21.43
+DI 18.43
-DI 22.71
Chandelier Exit (Long, 3 ATRs ) 34.2464
Chandelier Exit (Short, 3 ATRs ) 35.4836
Upper Bollinger Band 36.4811
Lower Bollinger Band 33.2009
Percent B (%b) 0.47
BandWidth 9.41477
MACD Line -0.4123
MACD Signal Line -0.435
MACD Histogram 0.0227
Fundamentals Value
Market Cap 572.45 Million
Num Shares 16.5 Million
EPS 1.91
Price-to-Earnings (P/E) Ratio 18.18
Price-to-Sales 5.03
Price-to-Book 1.68
PEG Ratio 2.48
Dividend 0.76
Dividend Yield 2.19%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.45
Resistance 3 (R3) 35.47 35.24 35.33
Resistance 2 (R2) 35.24 35.06 35.24 35.29
Resistance 1 (R1) 34.99 34.95 35.12 34.97 35.25
Pivot Point 34.76 34.76 34.83 34.76 34.76
Support 1 (S1) 34.51 34.58 34.64 34.49 34.21
Support 2 (S2) 34.28 34.47 34.28 34.17
Support 3 (S3) 34.03 34.28 34.13
Support 4 (S4) 34.01