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(MBWM) Mercantile Bank complete technical analysis [charts+indicators] | Buy/Sell Mercantile Bank | (MBWM) share price targets

Complete technical analysis of Mercantile Bank (MBWM) by charts plus indicators, forecast predictions and share price targets for Mercantile Bank (MBWM)

Mercantile Bank trades in USA in Finance sector.

10 day averaged volume of Mercantile Bank is 75750

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 38.04 36.84 38.04 36.80 0.82 times
26 Tue Mar 2024 36.87 37.12 37.12 36.56 0.89 times
25 Mon Mar 2024 36.87 37.02 37.57 36.65 0.437 times
22 Fri Mar 2024 36.89 37.59 37.59 36.82 0.549 times
21 Thu Mar 2024 37.43 37.33 37.77 37.06 0.791 times
20 Wed Mar 2024 37.07 35.38 37.66 35.15 0.898 times
19 Tue Mar 2024 35.59 35.23 35.84 35.23 0.696 times
18 Mon Mar 2024 35.34 35.72 35.99 35.23 0.87 times
15 Fri Mar 2024 35.72 35.32 36.17 35.32 3.039 times
14 Thu Mar 2024 35.30 36.51 36.51 35.14 1.106 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.7, but if it comes below 37.7, then a intra day sell could be more profitable.
If you take a sell trade below 37.7, then use 37.7 as stoploss and 36.83 as target. However if you take a buy trade in stock , then use 37.7 as stoploss and 38.8 as target.

Share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Target 31.54
Downside Target 34.25
Downside Target 35.87
Downside Target 37.61
Downside Target 37.77
Downside Target 38.04
Upside Target 39.70
Upside Target 40.59
Upside Target 41.93
Upside Target 42.82

Intraday share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Intraday Target 37.05
Downside Intraday Target 36.07
Upside Intraday Target 38.53
Upside Intraday Target 39.03
Downside Intraday Target 37.55

Weekly technical analysis of Mercantile Bank (MBWM)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 38.04 37.02 38.04 36.56 0.564 times
22 Fri Mar 2024 36.89 35.72 37.77 35.15 0.602 times
15 Fri Mar 2024 35.72 37.30 37.37 35.14 0.758 times
08 Fri Mar 2024 37.23 38.31 39.70 35.87 2.658 times
01 Fri Mar 2024 36.38 37.19 37.61 35.89 0.711 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mercantile Bank (MBWM)

Date Monthly Closing Price Open High Low Volume
27 Wed Mar 2024 38.04 36.61 39.70 35.14 1.148 times
29 Thu Feb 2024 36.84 40.33 40.59 36.10 0.804 times
31 Wed Jan 2024 40.09 40.09 42.82 34.25 1.484 times
29 Fri Dec 2023 40.38 34.59 41.93 34.59 1.694 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mercantile Bank (MBWM)

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mercantile Bank in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mercantile Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 36.29 and Mercantile Bank (MBWM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.

Mercantile Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mercantile Bank in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mercantile Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 36.29 and Mercantile Bank (MBWM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.

Mercantile Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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Daily chart
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