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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 2025-01-21 View latest technical analysis

10 day averaged volume of Mercantile Bank is 55300

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	46.76	45.06	47.57	44.98	1.495 times
17 Fri Jan 2025	44.21	44.76	44.76	43.83	0.917 times
17 Fri Jan 2025	44.21	44.76	44.76	43.83	0.917 times
16 Thu Jan 2025	43.76	44.31	45.02	43.44	0.886 times
15 Wed Jan 2025	44.38	46.80	47.59	43.66	0.929 times
14 Tue Jan 2025	43.46	42.69	43.47	42.46	0.873 times
13 Mon Jan 2025	42.21	41.08	42.21	41.06	1.233 times
10 Fri Jan 2025	41.69	42.12	42.87	40.57	1.353 times
08 Wed Jan 2025	42.87	42.49	43.30	42.27	0.882 times
08 Wed Jan 2025	42.87	42.49	43.30	42.27	0.882 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 46.6, for a target of 45.2 or 44.04

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	40.57
Downside Target	42.27
Downside Target	43.30
Downside Target	44.98
Downside Target	46.74
Upside Target	47.48
Upside Target	47.57
Upside Target	47.59
Upside Target	51.32
Upside Target	52.98

Intraday share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Intraday Target	45.3
Downside Intraday Target	43.85
Upside Intraday Target	47.89
Upside Intraday Target	49.03
Downside Intraday Target	46.44

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	46.76	45.06	47.57	44.98	1.631 times
17 Fri Jan 2025	44.21	44.76	44.76	43.83	0.189 times
17 Fri Jan 2025	44.21	41.08	47.59	41.06	2.165 times
10 Fri Jan 2025	41.69	42.49	43.30	40.57	0.728 times
08 Wed Jan 2025	42.87	44.14	44.70	42.27	0.69 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
21 Tue Jan 2025	46.76	44.97	47.59	40.57	0.701 times
31 Tue Dec 2024	44.49	50.51	51.32	44.06	0.906 times
26 Tue Nov 2024	50.10	43.33	52.98	42.40	1.14 times
31 Thu Oct 2024	42.86	43.46	46.74	40.85	0.85 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 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 43.7 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.