Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade B 10.48 2.04% 0.21
MCBC closed up 2.04 percent on Friday, May 24, 2019, on 69 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
20 DMA Resistance Bearish 2.04%
Fell Below 50 DMA Bearish 2.04%
Expansion Pivot Sell Setup Bearish Swing Setup 2.04%
Fell Below 20 DMA Bearish -0.10%
Pocket Pivot Bullish Swing Setup -1.50%
50 DMA Support Bullish -1.23%
Crossed Above 20 DMA Bullish -1.23%

Older signals for MCBC ...

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Profile
Macatawa Bank Corporation operates as the holding company for Macatawa Bank that provides commercial and personal banking services in western Michigan. The company offers a range of deposit products, such as business and consumer checking accounts, regular and money market savings accounts, certificates of deposits, demand deposits, and various types of time deposits. Its loan portfolio includes commercial and industrial loans to finance operations and equipment; and commercial real estate loans primarily comprising construction and development loans, and multi-family and other non-residential real estate loans. The company also provides retail loans, including residential mortgages; and consumer loans, such as automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. In addition, it offers cash management services; safe deposit boxes; trust services, including financial planning, investment management, trust and estate administration, and custodial services; and brokerage services, such as discount brokerage services, personal financial planning, and mutual funds consultation services. Further, the company provides ATMs, Internet and telephone banking services, and debit cards. As of April 26, 2012, it operated a network of 26 full service branches in Kent County, Ottawa County, and northern Allegan County, Michigan. Macatawa Bank Corporation serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was founded in 1997 and is headquartered in Holland, Michigan.
Financial Services Banking Bank Deposit Products Economic History Of Italy Investment Management Real Estate Loans Cash Management Services Qcr Holdings Brokerage Services Trust Services Economy Of Texas Telephone Banking Services Custodial Services Personal Banking Services Discount Brokerage Services Retail Loans R & G Financial Corporation
Is MCBC a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 12.92
52 Week Low 8.8
Average Volume 30,540
200-Day Moving Average 10.6886
50-Day Moving Average 10.3678
20-Day Moving Average 10.515
10-Day Moving Average 10.483
Average True Range 0.2953
ADX 17.02
+DI 10.9896
-DI 20.7722
Chandelier Exit (Long, 3 ATRs ) 10.0641
Chandelier Exit (Short, 3 ATRs ) 10.9859
Upper Bollinger Band 10.9112
Lower Bollinger Band 10.1188
Percent B (%b) 0.46
BandWidth 7.535901
MACD Line 0.0129
MACD Signal Line 0.0366
MACD Histogram -0.0237
Fundamentals Value
Market Cap 355.67 Million
Num Shares 33.9 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 19.77
Price-to-Sales 4.98
Price-to-Book 2.04
PEG Ratio 4.58
Dividend 0.20
Dividend Yield 1.91%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.04
Resistance 3 (R3) 10.99 10.76 10.94
Resistance 2 (R2) 10.76 10.62 10.78 10.91
Resistance 1 (R1) 10.62 10.53 10.69 10.67 10.88
Pivot Point 10.39 10.39 10.43 10.41 10.39
Support 1 (S1) 10.25 10.25 10.32 10.30 10.08
Support 2 (S2) 10.02 10.16 10.04 10.05
Support 3 (S3) 9.88 10.02 10.02
Support 4 (S4) 9.93