(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 2024-11-07 View latest technical analysis
10 day averaged volume of Mercantile Bank is 60410
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Nov 2024 | 47.99 | 50.78 | 50.78 | 47.87 | 1.587 times |
| 06 Wed Nov 2024 | 51.16 | 48.39 | 51.31 | 48.39 | 3.102 times |
| 05 Tue Nov 2024 | 43.90 | 43.03 | 44.08 | 42.98 | 0.833 times |
| 04 Mon Nov 2024 | 43.01 | 42.82 | 43.31 | 42.40 | 0.879 times |
| 01 Fri Nov 2024 | 43.21 | 43.33 | 44.31 | 42.78 | 0.937 times |
| 31 Thu Oct 2024 | 42.86 | 43.90 | 43.99 | 42.85 | 0.775 times |
| 30 Wed Oct 2024 | 43.96 | 43.55 | 45.34 | 43.55 | 0.833 times |
| 29 Tue Oct 2024 | 43.77 | 43.88 | 43.99 | 43.57 | 0.541 times |
| 28 Mon Oct 2024 | 44.29 | 43.19 | 44.47 | 43.19 | 0.644 times |
| 25 Fri Oct 2024 | 42.64 | 43.96 | 44.22 | 42.54 | 0.74 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 46.6, but if it comes below 46.6, then a intra day sell could be more profitable.
If you take a sell trade below 46.6, then use 46.6 as stoploss and 44.59 as target. However if you take a buy trade in stock , then use 46.6 as stoploss and 49 as target.
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 38.02 |
| Downside Target | 40.37 |
| Downside Target | 42.40 |
| Downside Target | 45.34 |
| Downside Target | 45.51 |
| Downside Target | 46.74 |
| Downside Target | 47.48 |
| Upside Target | 48.36 |
| Upside Target | 51.21 |
| Upside Target | 51.31 |
Intraday share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Intraday Target | 43.16 |
| Downside Intraday Target | 38.32 |
| Upside Intraday Target | 52.07 |
| Upside Intraday Target | 56.14 |
| Downside Intraday Target | 47.23 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Nov 2024 | 47.99 | 42.82 | 51.31 | 42.40 | 1.716 times |
| 01 Fri Nov 2024 | 43.21 | 43.19 | 45.34 | 42.78 | 0.951 times |
| 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mercantile Bank (MBWM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 07 Thu Nov 2024 | 47.99 | 43.33 | 51.31 | 42.40 | 0.385 times |
| 31 Thu Oct 2024 | 42.86 | 43.46 | 46.74 | 40.85 | 0.85 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 |
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 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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is losing 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 stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile Bank in short term but SELL signal is weak.
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 46.3 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 positive
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 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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is losing 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 stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile Bank in short term but SELL signal is weak.
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 46.3 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.