Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change $ Change
grade D $9.69 0.31% 0.03
MCBC closed up 0.31 percent on Friday, March 24, 2017, on 51 percent of 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 Up Down Down
See historical MCBC trend table...

Date Alert Name Type % Chg
Mar 24 Lower Bollinger Band Walk Other 0.00%
Mar 23 Lower Bollinger Band Walk Other 0.31%
Mar 22 Stochastic Reached Oversold Other 0.52%
Mar 22 Lower Bollinger Band Walk Other 0.52%
Mar 21 50 DMA Resistance Bearish -0.10%
Mar 21 Bearish Engulfing Bearish -0.10%
Mar 20 Fell Below 50 DMA Bearish -3.00%
Mar 20 Shooting Star Candlestick Bearish -3.00%
Mar 20 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -3.00%
Mar 20 180 Bearish Setup Bearish Swing Setup -3.00%

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: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.63
52 Week Low 6.13
Average Volume 46,939
200-Day Moving Average 8.6609
50-Day Moving Average 9.9996
20-Day Moving Average 9.9815
10-Day Moving Average 9.822
Average True Range 0.2098
ADX 18.9
+DI 15.2
-DI: 26.35
Chandelier Exit (Long, 3 ATRs) 9.7206
Chandelier Exit (Short, 3 ATRs) 10.2294
Upper Bollinger Band 10.3624
Lower Bollinger Band 9.6006
Percent B (%b) 0.12
Bandwidth 0.076321