Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade A 37.42 1.05% 0.39
MBWM closed up 1.05 percent on Tuesday, June 19, 2018, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical MBWM trend table...

Date Alert Name Type % Chg
Jun 19 NR7 Range Contraction 0.00%
Jun 19 Up 3 Days in a Row Strength 0.00%
Jun 19 Up 4 Days in a Row Strength 0.00%
Jun 19 Up 5 Days in a Row Strength 0.00%
Jun 18 Up 3 Days in a Row Strength 1.05%
Jun 18 Up 4 Days in a Row Strength 1.05%
Jun 15 Three Weeks Tight Range Contraction 1.16%
Jun 15 Outside Day Range Expansion 1.16%
Jun 15 Up 3 Days in a Row Strength 1.16%
Jun 12 MACD Bearish Signal Line Cross Bearish 2.75%

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, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 37.77
52 Week Low 28.5923
Average Volume 36,644
200-Day Moving Average 35.0116
50-Day Moving Average 35.9117
20-Day Moving Average 36.7045
10-Day Moving Average 36.968
Average True Range 0.7747
ADX 13.62
+DI 18.31
-DI 19.14
Chandelier Exit (Long, 3 ATRs ) 35.4459
Chandelier Exit (Short, 3 ATRs ) 37.3441
Upper Bollinger Band 37.813
Lower Bollinger Band 35.596
Percent B (%b) 0.82
BandWidth 6.040131
MACD Line 0.3482
MACD Signal Line 0.3583
MACD Histogram -0.0101
Fundamentals Value
Market Cap 616.79 Million
Num Shares 16.5 Million
EPS 1.91
Price-to-Earnings (P/E) Ratio 19.59
Price-to-Sales 5.03
Price-to-Book 1.68
PEG Ratio 2.48
Dividend 0.76
Dividend Yield 2.03%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.43
Resistance 3 (R3) 38.34 37.92 38.26
Resistance 2 (R2) 37.92 37.66 37.96 38.20
Resistance 1 (R1) 37.67 37.51 37.80 37.76 38.15
Pivot Point 37.25 37.25 37.31 37.29 37.25
Support 1 (S1) 37.00 36.99 37.13 37.09 36.69
Support 2 (S2) 36.58 36.84 36.62 36.64
Support 3 (S3) 36.33 36.58 36.58
Support 4 (S4) 36.42