(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 2024-08-19 View latest technical analysis
10 day averaged volume of Mercantile Bank is 55823
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 43.84 | 43.67 | 43.97 | 43.27 | 0.636 times |
| 16 Fri Aug 2024 | 43.28 | 42.81 | 44.08 | 42.81 | 1.562 times |
| 15 Thu Aug 2024 | 42.87 | 42.48 | 43.79 | 42.25 | 0.994 times |
| 14 Wed Aug 2024 | 41.77 | 42.18 | 42.56 | 41.64 | 0.726 times |
| 13 Tue Aug 2024 | 42.35 | 41.91 | 42.50 | 41.03 | 1.512 times |
| 12 Mon Aug 2024 | 41.55 | 41.85 | 42.37 | 41.41 | 0.745 times |
| 09 Fri Aug 2024 | 41.53 | 42.26 | 42.44 | 41.32 | 0.883 times |
| 08 Thu Aug 2024 | 42.43 | 42.40 | 42.61 | 41.78 | 0.623 times |
| 07 Wed Aug 2024 | 41.65 | 42.96 | 43.00 | 41.64 | 0.886 times |
| 06 Tue Aug 2024 | 42.30 | 42.93 | 43.00 | 41.97 | 0.741 times |
My analysis of stock is bearish for shortterm, and stock might move down till 41.8 or till 38. Use a stoploss of 44.98 and if the stock hits stoploss, then it can shoot up till 48.15
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 33.46 |
| Downside Target | 35.61 |
| Downside Target | 38.02 |
| Downside Target | 40.37 |
| Downside Target | 43.27 |
| Upside Target | 43.97 |
| Upside Target | 44.08 |
| Upside Target | 46.80 |
| Upside Target | 48.36 |
| Upside Target | 50.66 |
| Upside Target | 51.21 |
Intraday share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Intraday Target | 43.42 |
| Downside Intraday Target | 42.99 |
| Upside Intraday Target | 44.12 |
| Upside Intraday Target | 44.39 |
| Downside Intraday Target | 43.69 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 43.84 | 43.67 | 43.97 | 43.27 | 0.115 times |
| 16 Fri Aug 2024 | 43.28 | 41.85 | 44.08 | 41.03 | 1.242 times |
| 09 Fri Aug 2024 | 41.53 | 41.42 | 43.60 | 40.37 | 0.743 times |
| 02 Fri Aug 2024 | 44.11 | 50.40 | 50.66 | 40.73 | 0.79 times |
| 26 Fri Jul 2024 | 50.44 | 47.69 | 51.21 | 46.80 | 0.683 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 |
| 19 Mon Aug 2024 | 43.84 | 48.25 | 48.36 | 40.37 | 0.437 times |
| 31 Wed Jul 2024 | 48.36 | 40.49 | 51.21 | 38.02 | 1.139 times |
| 28 Fri Jun 2024 | 40.57 | 39.19 | 41.11 | 35.61 | 1.407 times |
| 31 Fri May 2024 | 38.31 | 36.36 | 40.43 | 36.28 | 0.681 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mercantile Bank stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile Bank in short term but the sell 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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 42.41 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mercantile Bank stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile Bank in short term but the sell 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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 42.41 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.