Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade B 10.3 0.88% 0.09
MCBC closed up 0.88 percent on Friday, January 19, 2018, on 83 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.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical MCBC trend table...

Date Alert Name Type % Chg
Jan 19 180 Bullish Setup Bullish Swing Setup 0.00%
Jan 19 Upper Bollinger Band Walk Strength 0.00%
Jan 19 Outside Day Range Expansion 0.00%
Jan 19 Wide Bands Range Expansion 0.00%
Jan 19 Overbought Stochastic Strength 0.00%
Jan 19 Upper Bollinger Band Touch Strength 0.00%
Jan 18 Narrow Range Bar Range Contraction 0.88%
Jan 18 NR7 Range Contraction 0.88%
Jan 18 Upper Bollinger Band Walk Strength 0.88%
Jan 18 Inside Day Range Contraction 0.88%

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.
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: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.6052
52 Week Low 8.8244
Average Volume 45,243
200-Day Moving Average 9.7095
50-Day Moving Average 9.9765
20-Day Moving Average 10.0553
10-Day Moving Average 10.1195
Average True Range 0.1752
ADX 13.68
+DI 19.18
-DI 24.08
Chandelier Exit (Long, 3 ATRs ) 9.8044
Chandelier Exit (Short, 3 ATRs ) 10.2356
Upper Bollinger Band 10.3071
Lower Bollinger Band 9.8035
Percent B (%b) 0.99
BandWidth 5.008304
MACD Line 0.069
MACD Signal Line 0.0363
MACD Histogram 0.0327
Fundamentals Value
Market Cap 349.56 Million
Num Shares 33.9 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 19.43
Price-to-Sales 4.98
Price-to-Book 2.04
PEG Ratio 4.58
Dividend 0.20
Dividend Yield 1.94%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.56
Resistance 3 (R3) 10.54 10.43 10.51
Resistance 2 (R2) 10.43 10.37 10.44 10.50
Resistance 1 (R1) 10.37 10.33 10.40 10.39 10.48
Pivot Point 10.26 10.26 10.28 10.27 10.26
Support 1 (S1) 10.20 10.20 10.23 10.22 10.12
Support 2 (S2) 10.09 10.16 10.10 10.10
Support 3 (S3) 10.03 10.09 10.09
Support 4 (S4) 10.05