(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 2024-08-20 View latest technical analysis
10 day averaged volume of Mercantile Bank is 51963
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Tue Aug 2024 | 42.67 | 43.75 | 43.75 | 42.58 | 1.083 times |
| 19 Mon Aug 2024 | 43.84 | 43.67 | 43.97 | 43.27 | 0.683 times |
| 16 Fri Aug 2024 | 43.28 | 42.81 | 44.08 | 42.81 | 1.678 times |
| 15 Thu Aug 2024 | 42.87 | 42.48 | 43.79 | 42.25 | 1.068 times |
| 14 Wed Aug 2024 | 41.77 | 42.18 | 42.56 | 41.64 | 0.78 times |
| 13 Tue Aug 2024 | 42.35 | 41.91 | 42.50 | 41.03 | 1.624 times |
| 12 Mon Aug 2024 | 41.55 | 41.85 | 42.37 | 41.41 | 0.801 times |
| 09 Fri Aug 2024 | 41.53 | 42.26 | 42.44 | 41.32 | 0.949 times |
| 08 Thu Aug 2024 | 42.43 | 42.40 | 42.61 | 41.78 | 0.669 times |
| 07 Wed Aug 2024 | 41.65 | 42.96 | 43.00 | 41.64 | 0.952 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 41.6 as stoploss in an intra day buy trade for a target of 44.66. However, stock will show a bearish move below 41.6.
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 | 42.58 |
| Upside Target | 43.60 |
| 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 | 42.18 |
| Downside Intraday Target | 41.68 |
| Upside Intraday Target | 43.57 |
| Upside Intraday Target | 44.46 |
| Upside Intraday Target | 43.07 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Tue Aug 2024 | 42.67 | 43.67 | 43.97 | 42.58 | 0.297 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 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 |
| 20 Tue Aug 2024 | 42.67 | 48.25 | 48.36 | 40.37 | 0.47 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Mercantile Bank in short term but the sell signal is initial and weak.
Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 42.45 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Mercantile Bank in short term but the sell signal is initial and weak.
Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 42.45 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.