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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 2024-11-13 View latest technical analysis

10 day averaged volume of Mercantile Bank is 72720

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	49.56	50.85	51.06	49.47	0.733 times
12 Tue Nov 2024	50.22	49.84	50.86	49.84	0.939 times
11 Mon Nov 2024	50.36	49.34	50.71	48.86	0.776 times
08 Fri Nov 2024	48.46	48.33	48.95	48.12	0.854 times
07 Thu Nov 2024	47.99	50.78	50.78	47.87	1.319 times
06 Wed Nov 2024	51.16	48.39	51.31	48.39	2.577 times
05 Tue Nov 2024	43.90	43.03	44.08	42.98	0.692 times
04 Mon Nov 2024	43.01	42.82	43.31	42.40	0.73 times
01 Fri Nov 2024	43.21	43.33	44.31	42.78	0.778 times
31 Thu Oct 2024	42.86	43.90	43.99	42.85	0.644 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 48.4, but if it comes below 48.4, then a intra day sell could be more profitable.
If you take a sell trade below 48.4, then use 48.4 as stoploss and 45.6 as target. However if you take a buy trade in stock , then use 48.4 as stoploss and 51.8 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	46.74
Downside Target	47.48
Downside Target	48.36
Downside Target	48.86
Upside Target	51.06
Upside Target	51.21
Upside Target	51.31

Intraday share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Intraday Target	48.59
Downside Intraday Target	47.63
Upside Intraday Target	50.79
Upside Intraday Target	52.03
Upside Intraday Target	49.83

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	49.56	49.34	51.06	48.86	0.397 times
08 Fri Nov 2024	48.46	42.82	51.31	42.40	1.992 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

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
13 Wed Nov 2024	49.56	43.33	51.31	42.40	0.593 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 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 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 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 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 and the buying is gaining 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 48.01 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.