Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-27 View latest technical analysis

10 day averaged volume of Mercantile Bank is 84420

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	42.56	43.34	43.57	42.45	0.432 times
26 Thu Sep 2024	42.74	43.32	43.40	42.69	0.516 times
25 Wed Sep 2024	42.81	43.40	43.40	42.55	0.702 times
24 Tue Sep 2024	43.11	43.87	44.16	42.90	1.162 times
23 Mon Sep 2024	43.80	44.09	44.72	42.06	0.92 times
20 Fri Sep 2024	44.00	46.17	46.26	43.87	3.496 times
19 Thu Sep 2024	46.61	46.47	46.64	45.00	0.907 times
18 Wed Sep 2024	45.27	44.88	47.48	44.28	0.624 times
17 Tue Sep 2024	44.95	45.06	45.97	44.31	0.604 times
16 Mon Sep 2024	44.44	44.38	44.97	44.24	0.524 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.8, but if it comes above 42.8, then a intra day buy could be more profitable.
If you take a sell trade below 42.8, then use 42.8 as stoploss and 41.3 as target. However if you take a buy trade in stock , then use 42.8 as stoploss and 43.96 as target.

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	35.61
Downside Target	38.02
Downside Target	40.37
Upside Target	43.87
Upside Target	44.72
Upside Target	45.30
Upside Target	46.11
Upside Target	46.48
Upside Target	47.48
Upside Target	48.36
Upside Target	51.21

Intraday share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Intraday Target	41.51
Downside Intraday Target	40.45
Upside Intraday Target	44.17
Upside Intraday Target	45.77
Upside Intraday Target	43.11

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	42.56	44.09	44.72	42.06	0.607 times
20 Fri Sep 2024	44.00	44.38	47.48	43.87	2.278 times
13 Fri Sep 2024	44.16	42.99	44.21	41.34	0.989 times
06 Fri Sep 2024	42.85	45.64	46.48	42.46	5.338 times
30 Fri Aug 2024	45.98	46.00	46.11	45.30	0.135 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
27 Fri Sep 2024	42.56	45.64	47.48	41.34	0.984 times
30 Fri Aug 2024	45.98	48.25	48.36	40.37	0.767 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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 44.06 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.