Technical Analysis for MCBC - Macatawa Bank Corporation
|Grade||Last Price||% Change||$ Change|
MCBC closed up 0.29 percent on Thursday, February 23, 2017, on 59 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.
Trend Table & Recent Alerts
|Weak or Absent||Up||Up||Up|
|See historical MCBC trend table...|
|Date||Alert Name||Type||% Chg|
|Feb 17||Doji - Bearish?||Reversal||1.18%|
|Feb 16||50 DMA Support||Bullish||1.48%|
|Feb 16||Stochastic Reached Overbought||Other||1.48%|
|Feb 15||50 DMA Support||Bullish||1.58%|
|Feb 14||Crossed Above 50 DMA||Bullish||2.59%|
|Feb 13||NR7||Range Contraction||3.20%|
|Feb 13||Narrow Range Bar||Range Contraction||3.20%|
|Feb 10||50 DMA Resistance||Bearish||4.04%|
|Feb 10||Volume Surge||Other||4.04%|
|Feb 10||Stochastic Buy Signal||Bullish||4.04%|
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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|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more MCBC news...
|52 Week High||10.63|
|52 Week Low||5.75|
|200-Day Moving Average||8.35|
|50-Day Moving Average||10.07|
|20-Day Moving Average||10.02|
|10-Day Moving Average||10.1|
|Average True Range||0.25|
|Chandelier Exit (Long, 3 ATRs)||9.6|
|Chandelier Exit (Short, 3 ATRs)||10.27|
|Upper Bollinger Band||10.42|
|Lower Bollinger Band||9.62|
|Percent B (%b)||0.86|