Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade C 33.63 -2.07% -0.71
MBWM closed down 2.07 percent on Friday, April 28, 2017, on 58 percent of normal volume. It was able to find support at its 50 day moving average.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Flat Down
See historical MBWM trend table...

Date Alert Name Type % Chg
Apr 28 50 DMA Support Bullish 0.00%
Apr 27 Bearish Engulfing Bearish -2.07%
Apr 26 Stochastic Reached Overbought Other -5.37%
Apr 21 50 DMA Support Bullish -0.18%
Apr 21 Spinning Top Other -0.18%
Apr 20 Crossed Above 50 DMA Bullish 0.45%
Apr 20 NR7 Range Contraction 0.45%
Apr 20 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.45%
Apr 19 Fell Below 50 DMA Bearish 2.16%
Apr 19 Lower Bollinger Band Walk Other 2.16%

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: 1 bullish, 0 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 38.68
52 Week Low 22.09
Average Volume 48,015
200-Day Moving Average 30.6102
50-Day Moving Average 33.5609
20-Day Moving Average 33.6398
10-Day Moving Average 33.969
Average True Range 1.1171
ADX 17.33
+DI 23.24
-DI: 17.41
Chandelier Exit (Long, 3 ATRs) 33.2087
Chandelier Exit (Short, 3 ATRs) 34.9313
Upper Bollinger Band 35.4941
Lower Bollinger Band 31.7855
Percent B (%b) 0.5
Bandwidth 0.110244