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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 110940

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 35.34 35.72 35.99 35.23 0.594 times
15 Fri Mar 2024 35.72 35.32 36.17 35.32 2.075 times
14 Thu Mar 2024 35.30 36.51 36.51 35.14 0.755 times
13 Wed Mar 2024 36.43 36.58 37.02 36.15 0.495 times
12 Tue Mar 2024 36.51 36.83 36.84 36.31 0.594 times
11 Mon Mar 2024 36.80 37.30 37.37 36.75 0.392 times
08 Fri Mar 2024 37.23 37.76 37.86 37.00 0.632 times
07 Thu Mar 2024 37.24 37.40 37.91 37.00 0.749 times
06 Wed Mar 2024 36.98 37.92 38.39 35.87 1.608 times
05 Tue Mar 2024 38.66 38.11 39.43 38.11 1.252 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 35, for a target of 36 or 36.9

Share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Target 31.54
Downside Target 34.25
Upside Target 36.87
Upside Target 37.37
Upside Target 37.61
Upside Target 38.15
Upside Target 39.70
Upside Target 40.59
Upside Target 41.93
Upside Target 42.82

Intraday share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Intraday Target 35.05
Downside Intraday Target 34.76
Upside Intraday Target 35.81
Upside Intraday Target 36.28
Upside Intraday Target 35.52

Weekly technical analysis of Mercantile Bank (MBWM)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 35.34 35.72 35.99 35.23 0.138 times
15 Fri Mar 2024 35.72 37.30 37.37 35.14 0.758 times
08 Fri Mar 2024 37.23 38.31 39.70 35.87 2.658 times
01 Fri Mar 2024 36.38 37.19 37.61 35.89 0.711 times
23 Fri Feb 2024 37.43 37.43 38.15 36.87 0.937 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
18 Mon Mar 2024 35.34 36.61 39.70 35.14 0.876 times
29 Thu Feb 2024 36.84 40.33 40.59 36.10 0.804 times
31 Wed Jan 2024 40.09 40.09 42.82 34.25 1.484 times
29 Fri Dec 2023 40.38 34.59 41.93 34.59 1.694 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 36.65 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.

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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 36.65 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.

Daily charts

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Daily chart
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