Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade F 31.59 -1.56% -0.50
MBWM closed down 1.56 percent on Monday, June 26, 2017, on approximately normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.

Earnings due: Jul 18

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

Date Alert Name Type % Chg
Jun 26 Downside 200 DMA Break Bearish 0.00%
Jun 26 MACD Bearish Centerline Cross Bearish 0.00%
Jun 23 Upside 200 DMA Break Bullish -1.56%
Jun 22 50 DMA Resistance Bearish -0.47%
Jun 22 200 DMA Resistance Bearish -0.47%

Older signals for MBWM ...

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Basic chart:

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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 38.4566
52 Week Low 22.1811
Average Volume 33,463
200-Day Moving Average 31.8368
50-Day Moving Average 32.5026
20-Day Moving Average 32.0986
10-Day Moving Average 32.456
Average True Range 1.0851
ADX 18.18
+DI 15.83
-DI: 15.97
Chandelier Exit (Long, 3 ATRs) 31.1547
Chandelier Exit (Short, 3 ATRs) 33.4996
Upper Bollinger Band 33.8203
Lower Bollinger Band 30.3769
Percent B (%b) 0.35
Bandwidth 0.107276
MACD Line -0.0445
MACD Signal Line 0.0182
MACD Histogram -0.0627