Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade C 10.13 0.30% 0.03
MCBC closed up 0.3 percent on Wednesday, February 26, 2020, on 88 percent of 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
Historical MCBC trend table...

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish 0.30%
MACD Bearish Signal Line Cross Bearish 0.30%
Expansion Breakdown Bearish Swing Setup 0.30%
Wide Range Bar Range Expansion 0.30%
BB Squeeze Ended Range Expansion 0.30%

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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 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

Indicators

Indicator Value
52 Week High 11.42
52 Week Low 9.32
Average Volume 49,515
200-Day Moving Average 10.45
50-Day Moving Average 10.85
20-Day Moving Average 10.61
10-Day Moving Average 10.54
Average True Range 0.19
ADX 24.7
+DI 10.08
-DI 31.99
Chandelier Exit (Long, 3 ATRs ) 10.42
Chandelier Exit (Short, 3 ATRs ) 10.62
Upper Bollinger Band 10.96
Lower Bollinger Band 10.26
Percent B (%b) -0.18
BandWidth 6.59
MACD Line -0.12
MACD Signal Line -0.08
MACD Histogram -0.0482
Fundamentals Value
Market Cap 343.79 Million
Num Shares 33.9 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 19.11
Price-to-Sales 4.98
Price-to-Book 2.04
PEG Ratio 4.58
Dividend 0.20
Dividend Yield 1.97%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.57
Resistance 3 (R3) 10.58 10.46 10.49
Resistance 2 (R2) 10.46 10.35 10.45 10.47
Resistance 1 (R1) 10.29 10.28 10.23 10.28 10.44
Pivot Point 10.17 10.17 10.14 10.16 10.17
Support 1 (S1) 10.00 10.06 9.94 9.99 9.82
Support 2 (S2) 9.88 9.99 9.87 9.79
Support 3 (S3) 9.71 9.88 9.77
Support 4 (S4) 9.70