(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 2024-09-30 View latest technical analysis
10 day averaged volume of Mercantile Bank is 83480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 43.72 | 42.55 | 43.97 | 42.55 | 0.727 times |
| 27 Fri Sep 2024 | 42.56 | 43.34 | 43.57 | 42.45 | 0.437 times |
| 26 Thu Sep 2024 | 42.74 | 43.32 | 43.40 | 42.69 | 0.522 times |
| 25 Wed Sep 2024 | 42.81 | 43.40 | 43.40 | 42.55 | 0.71 times |
| 24 Tue Sep 2024 | 43.11 | 43.87 | 44.16 | 42.90 | 1.175 times |
| 23 Mon Sep 2024 | 43.80 | 44.09 | 44.72 | 42.06 | 0.931 times |
| 20 Fri Sep 2024 | 44.00 | 46.17 | 46.26 | 43.87 | 3.535 times |
| 19 Thu Sep 2024 | 46.61 | 46.47 | 46.64 | 45.00 | 0.918 times |
| 18 Wed Sep 2024 | 45.27 | 44.88 | 47.48 | 44.28 | 0.631 times |
| 17 Tue Sep 2024 | 44.95 | 45.06 | 45.97 | 44.31 | 0.611 times |
My analysis of stock is bearish for shortterm, and stock might move down till 42.8 or till 41.4. Use a stoploss of 43.85 and if the stock hits stoploss, then it can shoot up till 44.95
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 | 43.97 |
| Upside Target | 44.21 |
| Upside Target | 44.72 |
| 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 | 42.86 |
| Downside Intraday Target | 41.99 |
| Upside Intraday Target | 44.28 |
| Upside Intraday Target | 44.83 |
| Downside Intraday Target | 43.41 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 43.72 | 42.55 | 43.97 | 42.55 | 0.193 times |
| 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 |
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 |
| 30 Mon Sep 2024 | 43.72 | 45.64 | 47.48 | 41.34 | 1.03 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 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 losing momentum.
MACD generated a SELL signal for Mercantile Bank in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mercantile Bank in short term but BUY signal is weak.
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 44.02 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.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 losing momentum.
MACD generated a SELL signal for Mercantile Bank in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mercantile Bank in short term but BUY signal is weak.
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 44.02 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.