Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade D 9.32 -6.05% -0.60
MCBC closed down 6.05 percent on Friday, March 22, 2019, on 2.05 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

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

Date Alert Name Type % Chg
Mar 22 Lower Bollinger Band Walk Weakness 0.00%
Mar 22 Below Lower BB Weakness 0.00%
Mar 22 Down 3 Days in a Row Weakness 0.00%
Mar 22 Down 4 Days in a Row Weakness 0.00%
Mar 22 Lower Bollinger Band Touch Weakness 0.00%
Mar 22 Oversold Stochastic Weakness 0.00%
Mar 21 MACD Bearish Centerline Cross Bearish -6.05%
Mar 21 New Downtrend Bearish -6.05%
Mar 21 Lower Bollinger Band Walk Weakness -6.05%
Mar 21 Stochastic Reached Oversold Weakness -6.05%

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: 0 bullish, 4 bearish and 1 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 30,729
200-Day Moving Average 11.1329
50-Day Moving Average 10.2503
20-Day Moving Average 10.5458
10-Day Moving Average 10.31
Average True Range 0.3303
ADX 28.23
+DI 8.4806
-DI 38.4159
Chandelier Exit (Long, 3 ATRs ) 10.1731
Chandelier Exit (Short, 3 ATRs ) 10.3109
Upper Bollinger Band 11.3419
Lower Bollinger Band 9.7497
Percent B (%b) -0.27
BandWidth 15.097954
MACD Line -0.1245
MACD Signal Line 0.0276
MACD Histogram -0.1521
Fundamentals Value
Market Cap 316.3 Million
Num Shares 33.9 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 17.58
Price-to-Sales 4.98
Price-to-Book 2.04
PEG Ratio 4.58
Dividend 0.20
Dividend Yield 2.15%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.28
Resistance 3 (R3) 10.39 10.17 10.12
Resistance 2 (R2) 10.17 9.93 10.12 10.07
Resistance 1 (R1) 9.75 9.78 9.64 9.64 10.01
Pivot Point 9.53 9.53 9.48 9.48 9.53
Support 1 (S1) 9.11 9.29 9.00 9.00 8.63
Support 2 (S2) 8.89 9.14 8.84 8.57
Support 3 (S3) 8.47 8.89 8.52
Support 4 (S4) 8.36