Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade A 10.67 0.47% 0.05
MCBC closed up 0.47 percent on Monday, April 23, 2018, on 42 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. 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.

Earnings due: Apr 26

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
Apr 23 New 52 Week Closing High Bullish 0.00%
Apr 23 NR7 Range Contraction 0.00%
Apr 23 New 52 Week High Strength 0.00%
Apr 23 Overbought Stochastic Strength 0.00%
Apr 23 Up 3 Days in a Row Strength 0.00%
Apr 23 Up 4 Days in a Row Strength 0.00%
Apr 23 Upper Bollinger Band Touch Strength 0.00%
Apr 20 Stochastic Reached Overbought Strength 0.47%
Apr 20 Overbought Stochastic Strength 0.47%
Apr 20 Up 3 Days in a Row Strength 0.47%

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 10.71
52 Week Low 8.7711
Average Volume 33,508
200-Day Moving Average 9.9149
50-Day Moving Average 10.3168
20-Day Moving Average 10.4615
10-Day Moving Average 10.521
Average True Range 0.1754
ADX 13.74
+DI 20.33
-DI 16.67
Chandelier Exit (Long, 3 ATRs ) 10.1838
Chandelier Exit (Short, 3 ATRs ) 10.6262
Upper Bollinger Band 10.675
Lower Bollinger Band 10.248
Percent B (%b) 0.99
BandWidth 4.081633
MACD Line 0.0681
MACD Signal Line 0.0555
MACD Histogram 0.0125
Fundamentals Value
Market Cap 362.11 Million
Num Shares 33.9 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 20.13
Price-to-Sales 4.98
Price-to-Book 2.04
PEG Ratio 4.58
Dividend 0.20
Dividend Yield 1.87%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.81
Resistance 3 (R3) 10.80 10.76 10.78
Resistance 2 (R2) 10.76 10.72 10.76 10.77
Resistance 1 (R1) 10.71 10.70 10.74 10.72 10.77
Pivot Point 10.67 10.67 10.68 10.67 10.67
Support 1 (S1) 10.62 10.63 10.65 10.63 10.57
Support 2 (S2) 10.58 10.61 10.58 10.57
Support 3 (S3) 10.53 10.58 10.56
Support 4 (S4) 10.54