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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 2024-10-25 View latest technical analysis

10 day averaged volume of Mercantile Bank is 56970

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	42.64	43.96	44.22	42.54	0.785 times
24 Thu Oct 2024	43.77	44.08	44.08	43.18	0.76 times
23 Wed Oct 2024	43.80	43.57	44.00	43.21	0.642 times
22 Tue Oct 2024	43.88	43.02	43.95	43.02	1.009 times
21 Mon Oct 2024	43.36	45.50	45.51	43.24	0.962 times
18 Fri Oct 2024	45.40	46.31	46.31	45.40	0.916 times
17 Thu Oct 2024	46.41	46.40	46.50	45.71	0.702 times
16 Wed Oct 2024	46.45	45.32	46.74	45.10	1.141 times
15 Tue Oct 2024	44.59	44.15	45.92	43.32	1.631 times
14 Mon Oct 2024	43.40	43.95	44.16	43.32	0.964 times

My analysis of stock is bearish for shortterm, and stock might move down till 41.7 or till 39.8. Use a stoploss of 43.23 and if the stock hits stoploss, then it can shoot up till 44.8

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	35.61
Downside Target	38.02
Downside Target	40.37
Upside Target	43.98
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	41.62
Downside Intraday Target	40.59
Upside Intraday Target	44.59
Upside Intraday Target	46.53
Upside Intraday Target	43.56

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	42.64	45.50	45.51	42.54	0.777 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
25 Fri Oct 2024	42.64	43.46	46.74	40.85	0.726 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 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 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 neutral. A longer time frame might give a better analysis.

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 but the sell signal is initial and weak.

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 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 44.43 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.