Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade D 35.44 -0.34% -0.12
MBWM closed down 0.34 percent on Friday, January 17, 2020, on 1.18 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average.
Earnings due: Jan 21
*** please verify all earnings dates ***

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
NR7 Range Contraction 0.00%
Hammer Candlestick Bullish 1.08%
Gapped Down Weakness 1.08%
Lower Bollinger Band Touch Weakness 1.08%
50 DMA Resistance Bearish 0.14%
50 DMA Resistance Bearish -0.98%
Pocket Pivot Bullish Swing Setup -0.98%
50 DMA Resistance Bearish 0.57%
Expansion Pivot Sell Setup Bearish Swing Setup 0.57%

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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.
Financial Services Banking Bank Deposit Products Texas Capital Bank Loans Insurance Products Financial Products Qcr Holdings Residential Real Estate Loans Machinery Life Insurance Products Courier Services

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 37.3
52 Week Low 29.8005
Average Volume 32,500
200-Day Moving Average 33.51
50-Day Moving Average 35.79
20-Day Moving Average 35.98
10-Day Moving Average 35.44
Average True Range 0.67
ADX 20.51
+DI 17.76
-DI 22.81
Chandelier Exit (Long, 3 ATRs ) 35.30
Chandelier Exit (Short, 3 ATRs ) 36.64
Upper Bollinger Band 37.17
Lower Bollinger Band 34.80
Percent B (%b) 0.27
BandWidth 6.56
MACD Line -0.15
MACD Signal Line -0.05
MACD Histogram -0.0995
Fundamentals Value
Market Cap 584.16 Million
Num Shares 16.5 Million
EPS 1.91
Price-to-Earnings (P/E) Ratio 18.55
Price-to-Sales 5.03
Price-to-Book 1.68
PEG Ratio 2.48
Dividend 0.76
Dividend Yield 2.14%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.34
Resistance 3 (R3) 36.38 36.12 36.19
Resistance 2 (R2) 36.12 35.89 36.10 36.14
Resistance 1 (R1) 35.78 35.75 35.65 35.74 36.09
Pivot Point 35.52 35.52 35.46 35.50 35.52
Support 1 (S1) 35.18 35.29 35.05 35.14 34.79
Support 2 (S2) 34.92 35.15 34.90 34.74
Support 3 (S3) 34.58 34.92 34.69
Support 4 (S4) 34.54