(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 2024-04-16 View latest technical analysis
10 day averaged volume of Mercantile Bank is 62310
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Tue Apr 2024 | 34.14 | 35.37 | 36.09 | 33.99 | 1.229 times |
| 15 Mon Apr 2024 | 35.46 | 35.99 | 36.28 | 35.29 | 0.708 times |
| 12 Fri Apr 2024 | 35.74 | 35.25 | 35.88 | 35.25 | 0.77 times |
| 11 Thu Apr 2024 | 35.54 | 35.22 | 35.58 | 34.75 | 0.836 times |
| 10 Wed Apr 2024 | 35.20 | 36.29 | 36.43 | 34.84 | 1.234 times |
| 09 Tue Apr 2024 | 37.20 | 37.31 | 37.33 | 36.99 | 0.835 times |
| 08 Mon Apr 2024 | 37.30 | 37.01 | 37.47 | 36.77 | 0.936 times |
| 05 Fri Apr 2024 | 37.03 | 37.12 | 37.22 | 36.67 | 0.812 times |
| 04 Thu Apr 2024 | 37.03 | 37.25 | 37.58 | 36.80 | 1.364 times |
| 03 Wed Apr 2024 | 36.83 | 36.70 | 37.21 | 36.60 | 1.037 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 34.4, for a target of 35.6 or 36.65
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 33.99 |
| Upside Target | 36.10 |
| Upside Target | 37.47 |
| Upside Target | 37.77 |
| Upside Target | 38.51 |
| Upside Target | 38.54 |
| 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 | 33.33 |
| Downside Intraday Target | 32.51 |
| Upside Intraday Target | 35.62 |
| Upside Intraday Target | 37.09 |
| Upside Intraday Target | 34.8 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Tue Apr 2024 | 34.14 | 35.99 | 36.28 | 33.99 | 0.42 times |
| 12 Fri Apr 2024 | 35.74 | 37.01 | 37.47 | 34.75 | 0.801 times |
| 05 Fri Apr 2024 | 37.03 | 38.51 | 38.51 | 36.50 | 1.316 times |
| 28 Thu Mar 2024 | 38.49 | 37.02 | 38.54 | 36.56 | 0.947 times |
| 22 Fri Mar 2024 | 36.89 | 35.72 | 37.77 | 35.15 | 0.602 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 |
| 16 Tue Apr 2024 | 34.14 | 38.51 | 38.51 | 33.99 | 0.442 times |
| 28 Thu Mar 2024 | 38.49 | 36.61 | 39.70 | 35.14 | 1.226 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 |
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 36.11 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 36.11 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.