(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.
Showing technical analysis as on 2024-03-08 View latest technical analysis
10 day averaged volume of Mercantile Bank is 84670
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Fri Mar 2024 | 37.23 | 37.76 | 37.86 | 37.00 | 0.828 times |
| 07 Thu Mar 2024 | 37.24 | 37.40 | 37.91 | 37.00 | 0.981 times |
| 06 Wed Mar 2024 | 36.98 | 37.92 | 38.39 | 35.87 | 2.107 times |
| 05 Tue Mar 2024 | 38.66 | 38.11 | 39.43 | 38.11 | 1.64 times |
| 04 Mon Mar 2024 | 38.44 | 38.31 | 39.70 | 37.11 | 1.897 times |
| 01 Fri Mar 2024 | 36.38 | 36.61 | 36.64 | 35.89 | 0.775 times |
| 29 Thu Feb 2024 | 36.84 | 36.92 | 37.34 | 36.51 | 0.55 times |
| 28 Wed Feb 2024 | 36.51 | 36.49 | 36.79 | 36.25 | 0.55 times |
| 27 Tue Feb 2024 | 36.78 | 36.94 | 37.27 | 36.65 | 0.528 times |
| 26 Mon Feb 2024 | 36.74 | 37.19 | 37.61 | 36.64 | 0.4 times |
My analysis of stock is bearish for shortterm, and stock might move down till 36.7 or till 35.7. Use a stoploss of 37.45 and if the stock hits stoploss, then it can shoot up till 38.24
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 31.54 |
| Downside Target | 34.25 |
| Downside Target | 35.87 |
| Upside Target | 38.15 |
| Upside Target | 39.13 |
| Upside Target | 39.44 |
| 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 | 35.5 |
| Downside Intraday Target | 33.77 |
| Upside Intraday Target | 39.33 |
| Upside Intraday Target | 41.43 |
| Upside Intraday Target | 37.6 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 23 Fri Feb 2024 | 37.43 | 37.43 | 38.15 | 36.87 | 0.937 times |
| 16 Fri Feb 2024 | 37.79 | 37.85 | 39.44 | 36.10 | 0.987 times |
| 09 Fri Feb 2024 | 38.05 | 38.83 | 39.13 | 36.73 | 0.855 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mercantile Bank (MBWM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 08 Fri Mar 2024 | 37.23 | 36.61 | 39.70 | 35.87 | 0.492 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile Bank in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercantile Bank is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 37.47 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been negative.
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile Bank in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercantile Bank is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 37.47 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.