Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade D 31.13 0.19% 0.06
MBWM closed up 0.19 percent on Wednesday, August 16, 2017, on 34 percent of normal volume.
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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
Aug 15 Stochastic Buy Signal Bullish 0.19%
Aug 15 Slingshot Bearish Bearish Swing Setup 0.19%
Aug 15 180 Bearish Setup Bearish Swing Setup 0.19%
Aug 14 Bollinger Band Squeeze Range Contraction -1.27%
Aug 14 Lower Bollinger Band Walk Other -1.27%

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 24.438
Average Volume 33,349
200-Day Moving Average 32.7896
50-Day Moving Average 31.9774
20-Day Moving Average 31.7205
10-Day Moving Average 31.492
Average True Range 0.8018
ADX 10.55
+DI 14.16
-DI: 15.14
Chandelier Exit (Long, 3 ATRs) 30.4446
Chandelier Exit (Short, 3 ATRs) 33.0554
Upper Bollinger Band 32.5684
Lower Bollinger Band 30.8726
Percent B (%b) 0.15
Bandwidth 0.053461
MACD Line -0.201
MACD Signal Line -0.1213
MACD Histogram -0.0797