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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.

Showing technical analysis as on 2024-03-19 View latest technical analysis

10 day averaged volume of Mercantile Bank is 101470

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	35.59	35.23	35.84	35.23	0.519 times
18 Mon Mar 2024	35.34	35.72	35.99	35.23	0.649 times
15 Fri Mar 2024	35.72	35.32	36.17	35.32	2.269 times
14 Thu Mar 2024	35.30	36.51	36.51	35.14	0.826 times
13 Wed Mar 2024	36.43	36.58	37.02	36.15	0.541 times
12 Tue Mar 2024	36.51	36.83	36.84	36.31	0.649 times
11 Mon Mar 2024	36.80	37.30	37.37	36.75	0.429 times
08 Fri Mar 2024	37.23	37.76	37.86	37.00	0.691 times
07 Thu Mar 2024	37.24	37.40	37.91	37.00	0.819 times
06 Wed Mar 2024	36.98	37.92	38.39	35.87	1.758 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.9, but if it comes above 35.9, then a intra day buy could be more profitable.
If you take a sell trade below 35.9, then use 35.9 as stoploss and 34.8 as target. However if you take a buy trade in stock , then use 35.9 as stoploss and 36.81 as target.

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	31.54
Downside Target	34.25
Upside Target	36.87
Upside Target	37.37
Upside Target	37.61
Upside Target	38.15
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	35.22
Downside Intraday Target	34.84
Upside Intraday Target	35.98
Upside Intraday Target	36.36
Upside Intraday Target	35.6

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	35.59	35.72	35.99	35.23	0.248 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
23 Fri Feb 2024	37.43	37.43	38.15	36.87	0.937 times

Price has moved down 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
19 Tue Mar 2024	35.59	36.61	39.70	35.14	0.914 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 down 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Mercantile Bank in short term and the sell signal is strong.

Mercantile Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Mercantile Bank in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 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.