Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade A 36.2 1.23% 0.44
MBWM closed up 1.23 percent on Tuesday, April 24, 2018, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

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
Apr 24 Upper Bollinger Band Walk Strength 0.00%
Apr 24 Above Upper BB Strength 0.00%
Apr 24 Overbought Stochastic Strength 0.00%
Apr 24 Up 3 Days in a Row Strength 0.00%
Apr 24 Up 4 Days in a Row Strength 0.00%
Apr 24 Up 5 Days in a Row Strength 0.00%
Apr 24 Upper Bollinger Band Touch Strength 0.00%
Apr 23 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.23%
Apr 23 NR7 Range Contraction 1.23%
Apr 23 Inside Day Range Contraction 1.23%

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 37.6484
52 Week Low 28.5923
Average Volume 34,602
200-Day Moving Average 34.0066
50-Day Moving Average 34.5478
20-Day Moving Average 34.485
10-Day Moving Average 35.048
Average True Range 1.0767
ADX 22.1
+DI 16.1
-DI 8.42
Chandelier Exit (Long, 3 ATRs ) 33.1199
Chandelier Exit (Short, 3 ATRs ) 36.2301
Upper Bollinger Band 36.0716
Lower Bollinger Band 32.8984
Percent B (%b) 1.04
BandWidth 9.201682
MACD Line 0.3211
MACD Signal Line 0.0955
MACD Histogram 0.2256
Fundamentals Value
Market Cap 596.68 Million
Num Shares 16.5 Million
EPS 1.91
Price-to-Earnings (P/E) Ratio 18.95
Price-to-Sales 5.03
Price-to-Book 1.68
PEG Ratio 2.48
Dividend 0.76
Dividend Yield 2.10%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 37.49
Resistance 3 (R3) 37.40 36.87 37.28
Resistance 2 (R2) 36.87 36.54 36.92 37.20
Resistance 1 (R1) 36.54 36.34 36.71 36.63 37.13
Pivot Point 36.01 36.01 36.10 36.06 36.01
Support 1 (S1) 35.68 35.68 35.85 35.77 35.27
Support 2 (S2) 35.15 35.48 35.20 35.20
Support 3 (S3) 34.82 35.15 35.13
Support 4 (S4) 34.91