Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade F 9.14 -1.51% -0.14
MCBC closed down 1.51 percent on Friday, July 21, 2017, on 1.73 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical MCBC trend table...

Date Alert Name Type % Chg
Jul 21 Stochastic Reached Oversold Other 0.00%
Jul 21 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Jul 18 Death Cross Bearish -0.98%
Jul 17 50 DMA Resistance Bearish -1.72%
Jul 17 200 DMA Resistance Bearish -1.72%

Older signals for MCBC ...

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Basic chart:

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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.5859
52 Week Low 7.1702
Average Volume 50,289
200-Day Moving Average 9.4777
50-Day Moving Average 9.4132
20-Day Moving Average 9.3795
10-Day Moving Average 9.288
Average True Range 0.2386
ADX 9.39
+DI 16.17
-DI: 19.46
Chandelier Exit (Long, 3 ATRs) 9.0842
Chandelier Exit (Short, 3 ATRs) 9.5858
Upper Bollinger Band 9.691
Lower Bollinger Band 9.068
Percent B (%b) 0.12
Bandwidth 0.066421
MACD Line -0.0661
MACD Signal Line -0.0415
MACD Histogram -0.0245