Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade B 10.64 -0.47% -0.05
MCBC closed down 0.47 percent on Friday, September 20, 2019, on 2.44 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Earnings due: Sep 27

*** please verify all earnings dates ***

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Flat
See historical MCBC trend table...

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Bearish Engulfing Bearish -0.47%
New Uptrend Bullish -1.30%
Spinning Top Other -1.30%
Overbought Stochastic Strength -1.30%
Upper Bollinger Band Walk Strength -0.65%
Overbought Stochastic Strength -0.65%
Upper Bollinger Band Walk Strength -1.21%

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: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 12.01
52 Week Low 8.8
Average Volume 44,153
200-Day Moving Average 10.1607
50-Day Moving Average 10.1352
20-Day Moving Average 10.2355
10-Day Moving Average 10.614
Average True Range 0.2094
ADX 28.29
+DI 35.2827
-DI 16.4837
Chandelier Exit (Long, 3 ATRs ) 10.3518
Chandelier Exit (Short, 3 ATRs ) 10.2982
Upper Bollinger Band 11.0492
Lower Bollinger Band 9.4218
Percent B (%b) 0.75
BandWidth 15.899565
MACD Line 0.1956
MACD Signal Line 0.1366
MACD Histogram 0.0591
Fundamentals Value
Market Cap 361.1 Million
Num Shares 33.9 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 20.08
Price-to-Sales 4.98
Price-to-Book 2.04
PEG Ratio 4.58
Dividend 0.20
Dividend Yield 1.88%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.85
Resistance 3 (R3) 10.85 10.77 10.82
Resistance 2 (R2) 10.77 10.72 10.78 10.80
Resistance 1 (R1) 10.71 10.69 10.67 10.71 10.79
Pivot Point 10.63 10.63 10.62 10.64 10.63
Support 1 (S1) 10.57 10.58 10.53 10.57 10.49
Support 2 (S2) 10.49 10.55 10.50 10.48
Support 3 (S3) 10.43 10.49 10.47
Support 4 (S4) 10.43