Technical Analysis for MCBC - Macatawa Bank Corporation

Grade Last Price % Change $ Change
grade B $10.31 0.29% 0.03
MCBC closed up 0.29 percent on Thursday, February 23, 2017, on 59 percent of normal volume. 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.
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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
Feb 17 Doji - Bearish? Reversal 1.18%
Feb 16 50 DMA Support Bullish 1.48%
Feb 16 Stochastic Reached Overbought Other 1.48%
Feb 15 50 DMA Support Bullish 1.58%
Feb 14 Crossed Above 50 DMA Bullish 2.59%
Feb 13 NR7 Range Contraction 3.20%
Feb 13 Narrow Range Bar Range Contraction 3.20%
Feb 10 50 DMA Resistance Bearish 4.04%
Feb 10 Volume Surge Other 4.04%
Feb 10 Stochastic Buy Signal Bullish 4.04%

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 10.63
52 Week Low 5.75
Average Volume 54,465
200-Day Moving Average 8.35
50-Day Moving Average 10.07
20-Day Moving Average 10.02
10-Day Moving Average 10.1
Average True Range 0.25
ADX 13.73
+DI 20.9
-DI: 19.1
Chandelier Exit (Long, 3 ATRs) 9.6
Chandelier Exit (Short, 3 ATRs) 10.27
Upper Bollinger Band 10.42
Lower Bollinger Band 9.62
Percent B (%b) 0.86
Bandwidth 0.07984