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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 2024-10-22 View latest technical analysis

10 day averaged volume of Mercantile Bank is 58160

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	43.88	43.02	43.95	43.02	0.989 times
21 Mon Oct 2024	43.36	45.50	45.51	43.24	0.942 times
18 Fri Oct 2024	45.40	46.31	46.31	45.40	0.898 times
17 Thu Oct 2024	46.41	46.40	46.50	45.71	0.688 times
16 Wed Oct 2024	46.45	45.32	46.74	45.10	1.118 times
15 Tue Oct 2024	44.59	44.15	45.92	43.32	1.597 times
14 Mon Oct 2024	43.40	43.95	44.16	43.32	0.944 times
11 Fri Oct 2024	43.91	41.91	43.98	41.91	1.247 times
10 Thu Oct 2024	41.69	41.76	41.87	41.30	0.947 times
09 Wed Oct 2024	42.12	41.37	42.40	41.37	0.832 times

My analysis of stock is bullish for shortterm, and stock might move up till 44.7 or till 46.6. Use a stoploss of 43.13 and if this stock hits its stoploss, then it can fall down till 41.56

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	35.61
Downside Target	38.02
Downside Target	40.37
Downside Target	43.02
Upside Target	43.98
Upside Target	44.72
Upside Target	45.51
Upside Target	46.74
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	42.76
Downside Intraday Target	41.65
Upside Intraday Target	45.25
Upside Intraday Target	46.63
Upside Intraday Target	44.14

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	43.88	45.50	45.51	43.02	0.368 times
18 Fri Oct 2024	45.40	43.95	46.74	43.32	1.158 times
11 Fri Oct 2024	43.91	41.60	43.98	41.08	1.105 times
04 Fri Oct 2024	41.78	42.55	43.97	40.85	0.756 times
27 Fri Sep 2024	42.56	44.09	44.72	42.06	0.607 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
22 Tue Oct 2024	43.88	43.46	46.74	40.85	0.634 times
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

Scroll below to view daily charts

Price has moved up 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

Mercantile Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 44.14 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. 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.