Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade C 10.11 -2.88% -0.30
MCBC closed down 2.88 percent on Thursday, April 27, 2017, on approximately normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical MCBC trend table...

Date Alert Name Type % Chg
Apr 27 Bearish Engulfing Bearish 0.00%
Apr 27 Upper Bollinger Band Walk Other 0.00%
Apr 27 Slingshot Bullish Bullish Swing Setup 0.00%
Apr 26 Upper Bollinger Band Walk Other -2.88%
Apr 25 Stochastic Reached Overbought Other -1.94%
Apr 25 New Uptrend Bullish -1.94%
Apr 25 Upper Bollinger Band Walk Other -1.94%
Apr 25 Expansion Pivot Buy Setup Bullish Swing Setup -1.94%
Apr 24 Crossed Above 50 DMA Bullish 0.20%
Apr 24 Expansion Pivot Buy Setup Bullish Swing Setup 0.20%

Older signals for MCBC ...

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Basic chart:

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.
Indicator Value
52 Week High 10.63
52 Week Low 6.45
Average Volume 48,697
200-Day Moving Average 8.9893
50-Day Moving Average 9.9442
20-Day Moving Average 9.822
10-Day Moving Average 9.888
Average True Range 0.2007
ADX 26.43
+DI 29.18
-DI: 20.28
Chandelier Exit (Long, 3 ATRs) 9.8979
Chandelier Exit (Short, 3 ATRs) 10.1621
Upper Bollinger Band 10.2811
Lower Bollinger Band 9.3629
Percent B (%b) 0.81
Bandwidth 0.093484