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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.

10 day averaged volume of Mercantile Bank is 40630

Date Daily Closing Price Open High Low Volume
14 Wed Apr 2021 32.25 31.57 32.57 31.57 0.701 times
13 Tue Apr 2021 31.69 32.24 32.24 31.58 0.618 times
12 Mon Apr 2021 32.42 32.36 32.80 32.15 0.537 times
09 Fri Apr 2021 32.13 32.26 32.55 32.07 0.751 times
08 Thu Apr 2021 32.27 31.79 32.27 31.24 1.304 times
07 Wed Apr 2021 31.70 32.38 32.55 31.69 1.538 times
06 Tue Apr 2021 32.29 32.50 32.90 31.94 0.844 times
05 Mon Apr 2021 32.47 33.09 33.09 32.13 0.78 times
01 Thu Apr 2021 32.65 32.22 32.81 31.80 0.857 times
31 Wed Mar 2021 32.47 32.84 34.05 32.03 1.757 times

My analysis of stock is bearish for shortterm, and stock might move down till 31.7 or till 31.1. Use a stoploss of 32.27 and if the stock hits stoploss, then it can shoot up till 32.8

Share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Target 24.17
Downside Target 26.75
Downside Target 28.06
Downside Target 29.35
Downside Target 31.10
Upside Target 32.80
Upside Target 33.09
Upside Target 33.32
Upside Target 34.05
Upside Target 34.32
Upside Target 34.47

Intraday share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Intraday Target 31.61
Downside Intraday Target 30.98
Upside Intraday Target 32.84
Upside Intraday Target 33.44
Downside Intraday Target 32.21

Weekly technical analysis of Mercantile Bank (MBWM)

Date Weekly Closing Price Open High Low Volume
14 Wed Apr 2021 32.25 32.36 32.80 31.57 0.356 times
09 Fri Apr 2021 32.13 33.09 33.09 31.24 1.108 times
01 Thu Apr 2021 32.65 32.51 34.05 31.80 0.835 times
26 Fri Mar 2021 33.06 33.10 33.32 31.10 0.601 times
19 Fri Mar 2021 33.24 34.32 34.32 31.74 1.637 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
14 Wed Apr 2021 32.25 32.22 33.09 31.24 0.246 times
31 Wed Mar 2021 32.47 29.85 34.47 29.35 1.643 times
26 Fri Feb 2021 29.24 27.37 31.79 26.76 0.826 times
29 Fri Jan 2021 27.15 27.30 29.74 26.75 0.845 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)

Indicator Name Indicator Value Indicator Signal
ADX 19, 18, 3 Buy
MACD 1, 1Sell
Stochastics 31None
CCI -39Buy
RSI 53Buy
OBV 108800Sell
VWAP 32Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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

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

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. Bears are weakening, and bulls are picking up momentum!

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 but BUY 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 32.23 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 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 positive

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

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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