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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 2024-08-28 View latest technical analysis

10 day averaged volume of Mercantile Bank is 52752

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	45.84	45.27	46.22	44.98	2.256 times
27 Tue Aug 2024	45.39	45.16	45.55	44.65	0.844 times
26 Mon Aug 2024	45.47	46.87	46.87	45.29	1.164 times
23 Fri Aug 2024	46.28	43.66	46.42	43.64	1.283 times
22 Thu Aug 2024	43.26	43.56	43.56	42.67	0.754 times
21 Wed Aug 2024	43.18	43.23	43.31	42.38	0.741 times
20 Tue Aug 2024	42.67	43.75	43.75	42.58	1.067 times
19 Mon Aug 2024	43.84	43.67	43.97	43.27	0.673 times
16 Fri Aug 2024	43.28	42.81	44.08	42.81	1.653 times
15 Thu Aug 2024	42.87	42.48	43.79	42.25	1.052 times

Stock of Mercantile Bank (MBWM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 45, but if it comes below 45, then a intra day sell could be more profitable.
If you take a sell trade below 45, then use 45 as stoploss and 43.43 as target. However if you take a buy trade in stock , then use 45 as stoploss and 46.8 as target.

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
Downside Target	43.60
Downside Target	44.08
Downside Target	44.65
Upside Target	46.42
Upside Target	46.87
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	44.7
Downside Intraday Target	43.57
Upside Intraday Target	46.92
Upside Intraday Target	48.01
Downside Intraday Target	45.79

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	45.84	46.87	46.87	44.65	0.943 times
23 Fri Aug 2024	46.28	43.67	46.42	42.38	0.771 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

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
28 Wed Aug 2024	45.84	48.25	48.36	40.37	0.687 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mercantile Bank in short term and the buy signal is strong.

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 red color and prices are in or above the red 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 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 44.43 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.