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(MCBC) Macatawa Bank complete technical analysis [charts+indicators] | Buy/Sell Macatawa Bank | (MCBC) share price targets

Complete technical analysis of Macatawa Bank (MCBC) by charts plus indicators, forecast predictions and share price targets for Macatawa Bank (MCBC)

Macatawa Bank trades in USA in Finance sector.

10 day averaged volume of Macatawa Bank is 40560

Date Daily Closing Price Open High Low Volume
21 Wed Apr 2021 9.81 9.63 9.86 9.51 1.021 times
20 Tue Apr 2021 9.58 9.69 9.74 9.53 1.179 times
19 Mon Apr 2021 9.76 9.86 9.89 9.70 1.137 times
16 Fri Apr 2021 9.93 10.00 10.00 9.83 0.952 times
15 Thu Apr 2021 9.97 9.99 9.99 9.71 0.722 times
14 Wed Apr 2021 9.89 9.88 10.00 9.84 1.082 times
13 Tue Apr 2021 9.84 9.95 9.95 9.84 1.265 times
12 Mon Apr 2021 9.99 9.97 10.00 9.95 0.594 times
09 Fri Apr 2021 9.94 10.02 10.09 9.86 0.713 times
08 Thu Apr 2021 9.99 9.80 10.00 9.79 1.161 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 9.8 as stoploss in an intra day buy trade for a target of 9.92. However, stock will show a bearish move below 9.8.

Share price targets for Macatawa Bank (MCBC)

Target Type Value
Downside Target 7.80
Downside Target 8.17
Downside Target 8.75
Downside Target 8.95
Downside Target 9.21
Downside Target 9.51
Upside Target 9.89
Upside Target 10.00
Upside Target 10.15
Upside Target 10.18
Upside Target 10.33
Upside Target 10.66

Intraday share price targets for Macatawa Bank (MCBC)

Target Type Value
Downside Intraday Target 9.58
Downside Intraday Target 9.36
Upside Intraday Target 9.96
Upside Intraday Target 10.12
Downside Intraday Target 9.74

Weekly technical analysis of Macatawa Bank (MCBC)

Date Weekly Closing Price Open High Low Volume
21 Wed Apr 2021 9.81 9.86 9.89 9.51 0.723 times
16 Fri Apr 2021 9.93 9.97 10.00 9.71 0.935 times
09 Fri Apr 2021 9.94 10.15 10.15 9.79 0.613 times
01 Thu Apr 2021 10.03 10.04 10.18 9.83 1.017 times
26 Fri Mar 2021 10.15 10.29 10.33 9.66 0.52 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 Macatawa Bank (MCBC)

Date Monthly Closing Price Open High Low Volume
21 Wed Apr 2021 9.81 9.92 10.15 9.51 0.263 times
31 Wed Mar 2021 9.95 9.01 10.66 8.95 1.638 times
26 Fri Feb 2021 8.83 8.34 9.25 8.30 0.646 times
29 Fri Jan 2021 8.30 8.85 9.21 8.17 1.02 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 Macatawa Bank (MCBC)

Indicator Name Indicator Value Indicator Signal
ADX 23, 23, 0 Sell
MACD 0, 0Sell
Stochastics 25Sell
CCI -98Buy
RSI 51Buy
OBV -319700Sell
VWAP 10Sell
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Macatawa Bank ( (MCBC) ) 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 Macatawa Bank ( (MCBC) ) 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 Macatawa Bank ( (MCBC) ) 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 Macatawa Bank ( (MCBC) ) 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 Macatawa Bank stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Macatawa Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Macatawa Bank in short term but BUY signal is weak.

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Macatawa Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.85 and Macatawa Bank (MCBC) 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 Macatawa Bank (MCBC) stock. Volume based technical analysis of Macatawa Bank (MCBC) stock is negative.

Macatawa 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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