Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
C 32.13 -0.43% -0.14
MBWM closed down 0.43 percent on Friday, April 9, 2021, on 62 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: Apr 19
*** please verify all earnings dates ***

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down
Historical MBWM trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.43%
Bollinger Band Squeeze Range Contraction -0.43%
BB Squeeze Started Range Contraction -0.43%
BB Squeeze Ended Range Expansion 1.36%
Down 3 Days in a Row Weakness 1.36%
20 DMA Resistance Bearish -0.50%
Older End-of-Day Signals for MBWM ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakdown about 17 hours ago
Rose Above 20 DMA about 20 hours ago
Rose Above 10 DMA about 20 hours ago
20 DMA Resistance about 20 hours ago
10 DMA Resistance about 20 hours ago
View Earlier Intraday Alerts

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Profile

Mercantile Bank Corporation Description

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.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Deposit Products Loans Insurance Products Financial Products Demand Deposit Boat Residential Real Estate Loans Boats Machinery Repurchase Agreement Life Insurance Products Service Banking Offices Deposit Facilities Courier Line Of Credit Real Estate Financing Grand Rapids Courier Services Mercantile Bank

Is MBWM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 34.47
52 Week Low 17.09
Average Volume 46,375
200-Day Moving Average 25.05
50-Day Moving Average 30.96
20-Day Moving Average 32.44
10-Day Moving Average 32.43
Average True Range 1.13
ADX 20.28
+DI 19.40
-DI 16.18
Chandelier Exit (Long, 3 ATRs ) 31.07
Chandelier Exit (Short, 3 ATRs ) 34.50
Upper Bollinger Band 33.80
Lower Bollinger Band 31.08
Percent B (%b) 0.38
BandWidth 8.37
MACD Line 0.28
MACD Signal Line 0.44
MACD Histogram -0.1627
Fundamentals Value
Market Cap 521.59 Million
Num Shares 16.2 Million
EPS 2.66
Price-to-Earnings (P/E) Ratio 12.07
Price-to-Sales 2.61
Price-to-Book 0.96
PEG Ratio 2.51
Dividend 1.12
Dividend Yield 3.49%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.85
Resistance 3 (R3) 32.91 32.73 32.73
Resistance 2 (R2) 32.73 32.55 32.70 32.69
Resistance 1 (R1) 32.43 32.43 32.34 32.37 32.65
Pivot Point 32.25 32.25 32.21 32.22 32.25
Support 1 (S1) 31.95 32.07 31.86 31.89 31.61
Support 2 (S2) 31.77 31.95 31.74 31.57
Support 3 (S3) 31.47 31.77 31.53
Support 4 (S4) 31.41