Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change Price Change
grade D 9.82 0.41% 0.04
MCBC closed up 0.41 percent on Friday, January 18, 2019, on approximately normal volume. It ran into resistance at its 50 day moving average.

Earnings due: Jan 24

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Flat
See historical MCBC trend table...

Date Alert Name Type % Chg
Jan 18 50 DMA Resistance Bearish 0.00%
Jan 18 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Jan 18 20 DMA Support Bullish 0.00%
Jan 18 Pocket Pivot Bullish Swing Setup 0.00%
Jan 18 Up 3 Days in a Row Strength 0.00%
Jan 17 50 DMA Resistance Bearish 0.41%
Jan 17 20 DMA Support Bullish 0.41%
Jan 17 Pocket Pivot Bullish Swing Setup 0.41%
Jan 16 20 DMA Support Bullish 1.55%
Jan 16 Inside Day Range Contraction 1.55%

Older signals for MCBC ...

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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.
Indicator Value
52 Week High 12.92
52 Week Low 8.8
Average Volume 41,675
200-Day Moving Average 11.2815
50-Day Moving Average 9.8888
20-Day Moving Average 9.661
10-Day Moving Average 9.794
Average True Range 0.3541
ADX 16.99
+DI 14.9627
-DI 16.0278
Chandelier Exit (Long, 3 ATRs ) 9.0877
Chandelier Exit (Short, 3 ATRs ) 9.862300000000001
Upper Bollinger Band 10.0842
Lower Bollinger Band 9.2378
Percent B (%b) 0.69
BandWidth 8.760998
MACD Line -0.012
MACD Signal Line -0.0442
MACD Histogram 0.0322
Fundamentals Value
Market Cap 333.27 Million
Num Shares 33.9 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 18.53
Price-to-Sales 4.98
Price-to-Book 2.04
PEG Ratio 4.58
Dividend 0.20
Dividend Yield 2.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.37
Resistance 3 (R3) 10.36 10.16 10.28
Resistance 2 (R2) 10.16 10.02 10.17 10.25
Resistance 1 (R1) 9.99 9.94 10.08 10.00 10.22
Pivot Point 9.80 9.80 9.84 9.80 9.80
Support 1 (S1) 9.63 9.66 9.71 9.64 9.42
Support 2 (S2) 9.43 9.57 9.44 9.39
Support 3 (S3) 9.26 9.43 9.36
Support 4 (S4) 9.27