(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 2024-08-21 View latest technical analysis
10 day averaged volume of Mercantile Bank is 53456
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Wed Aug 2024 | 43.18 | 43.23 | 43.31 | 42.38 | 0.731 times |
| 20 Tue Aug 2024 | 42.67 | 43.75 | 43.75 | 42.58 | 1.053 times |
| 19 Mon Aug 2024 | 43.84 | 43.67 | 43.97 | 43.27 | 0.664 times |
| 16 Fri Aug 2024 | 43.28 | 42.81 | 44.08 | 42.81 | 1.631 times |
| 15 Thu Aug 2024 | 42.87 | 42.48 | 43.79 | 42.25 | 1.038 times |
| 14 Wed Aug 2024 | 41.77 | 42.18 | 42.56 | 41.64 | 0.759 times |
| 13 Tue Aug 2024 | 42.35 | 41.91 | 42.50 | 41.03 | 1.579 times |
| 12 Mon Aug 2024 | 41.55 | 41.85 | 42.37 | 41.41 | 0.778 times |
| 09 Fri Aug 2024 | 41.53 | 42.26 | 42.44 | 41.32 | 0.922 times |
| 08 Thu Aug 2024 | 42.43 | 42.40 | 42.61 | 41.78 | 0.65 times |
My analysis of stock is bearish for shortterm, and stock might move down till 41.4 or till 37.9. Use a stoploss of 44.42 and if the stock hits stoploss, then it can shoot up till 47.4
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 | 42.38 |
| 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 | 42.38 |
| Downside Intraday Target | 41.59 |
| Upside Intraday Target | 43.97 |
| Upside Intraday Target | 44.77 |
| Downside Intraday Target | 43.18 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Wed Aug 2024 | 43.18 | 43.67 | 43.97 | 42.38 | 0.423 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 |
| 21 Wed Aug 2024 | 43.18 | 48.25 | 48.36 | 40.37 | 0.493 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 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 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 neutral. A longer time frame might give a better analysis.
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.
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 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 moving up
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 42.58 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 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 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 neutral. A longer time frame might give a better analysis.
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.
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 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 moving up
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 42.58 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.