Technical Analysis for MBWM - Mercantile Bank Corporation

Grade Last Price % Change Price Change
grade D 30.93 -4.65% -1.51
MBWM closed down 4.65 percent on Friday, March 22, 2019, on 1.34 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical MBWM trend table...

Date Alert Name Type % Chg
Mar 22 Expansion Breakdown Bearish Swing Setup 0.00%
Mar 22 Wide Range Bar Range Expansion 0.00%
Mar 22 Lower Bollinger Band Walk Weakness 0.00%
Mar 22 Below Lower BB Weakness 0.00%
Mar 22 Down 3 Days in a Row Weakness 0.00%
Mar 22 Down 4 Days in a Row Weakness 0.00%
Mar 22 Lower Bollinger Band Touch Weakness 0.00%
Mar 22 Oversold Stochastic Weakness 0.00%
Mar 21 Doji - Bullish? Reversal -4.65%
Mar 21 Lower Bollinger Band Walk Weakness -4.65%

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.
Financial Services Banking Bank Deposit Products Economic History Of Italy 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
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 38.47
52 Week Low 26.4
Average Volume 38,628
200-Day Moving Average 33.6469
50-Day Moving Average 33.6128
20-Day Moving Average 33.792
10-Day Moving Average 33.266
Average True Range 0.8099
ADX 22.65
+DI 14.8477
-DI 37.4386
Chandelier Exit (Long, 3 ATRs ) 33.1603
Chandelier Exit (Short, 3 ATRs ) 33.0897
Upper Bollinger Band 35.7738
Lower Bollinger Band 31.8102
Percent B (%b) -0.22
BandWidth 11.729403
MACD Line -0.3817
MACD Signal Line -0.0387
MACD Histogram -0.343
Fundamentals Value
Market Cap 509.82 Million
Num Shares 16.5 Million
EPS 1.91
Price-to-Earnings (P/E) Ratio 16.19
Price-to-Sales 5.03
Price-to-Book 1.68
PEG Ratio 2.48
Dividend 0.76
Dividend Yield 2.46%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.80
Resistance 3 (R3) 34.02 33.30 33.32
Resistance 2 (R2) 33.30 32.57 33.18 33.16
Resistance 1 (R1) 32.11 32.12 31.75 31.89 33.00
Pivot Point 31.39 31.39 31.21 31.27 31.39
Support 1 (S1) 30.20 30.66 29.84 29.98 28.86
Support 2 (S2) 29.48 30.21 29.36 28.70
Support 3 (S3) 28.29 29.48 28.54
Support 4 (S4) 28.07