Technical Analysis for MBWM - Mercantile Bank Corporation
|Grade||Last Price||% Change||$ Change|
MBWM closed up 0.03 percent on Monday, February 27, 2017, on 46 percent of 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
|Weak or Absent||Up||Down||Up|
|See historical MBWM trend table...|
|Date||Alert Name||Type||% Chg|
|Feb 27||Narrow Range Bar||Range Contraction||0.00%|
|Feb 27||Non-ADX 1,2,3,4 Bearish||Bearish Swing Setup||0.00%|
|Feb 23||Stochastic Sell Signal||Bearish||-0.45%|
|Feb 22||NR7||Range Contraction||-0.06%|
|Feb 22||NR7-2||Range Contraction||-0.06%|
|Feb 22||Narrow Range Bar||Range Contraction||-0.06%|
|Feb 21||NR7||Range Contraction||-0.27%|
|Feb 21||Narrow Range Bar||Range Contraction||-0.27%|
|Feb 21||Non-ADX 1,2,3,4 Bearish||Bearish Swing Setup||-0.27%|
|Feb 17||Stochastic Reached Overbought||Other||0.18%|
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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|
|Oversold / Overbought|
|Summary:||Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more MBWM news...
|52 Week High||38.68|
|52 Week Low||20.51|
|200-Day Moving Average||28.47|
|50-Day Moving Average||34.6|
|20-Day Moving Average||32.54|
|10-Day Moving Average||33.2|
|Average True Range||0.74|
|Chandelier Exit (Long, 3 ATRs)||31.9|
|Chandelier Exit (Short, 3 ATRs)||32.87|
|Upper Bollinger Band||34.16|
|Lower Bollinger Band||30.92|
|Percent B (%b)||0.8|