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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 46570

Date Daily Closing Price Open High Low Volume
30 Wed Oct 2024 43.96 43.55 45.34 43.55 1.08 times
29 Tue Oct 2024 43.77 43.88 43.99 43.57 0.702 times
28 Mon Oct 2024 44.29 43.19 44.47 43.19 0.835 times
25 Fri Oct 2024 42.64 43.96 44.22 42.54 0.96 times
24 Thu Oct 2024 43.77 44.08 44.08 43.18 0.93 times
23 Wed Oct 2024 43.80 43.57 44.00 43.21 0.786 times
22 Tue Oct 2024 43.88 43.02 43.95 43.02 1.235 times
21 Mon Oct 2024 43.36 45.50 45.51 43.24 1.177 times
18 Fri Oct 2024 45.40 46.31 46.31 45.40 1.121 times
17 Thu Oct 2024 46.41 46.40 46.50 45.71 0.859 times

My analysis of stock is bullish for shortterm, and stock might move up till 45 or till 46.8. Use a stoploss of 43.49 and if this stock hits its stoploss, then it can fall down till 42

Share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Target 35.61
Downside Target 38.02
Downside Target 40.37
Downside Target 42.54
Upside Target 43.98
Upside Target 45.34
Upside Target 45.51
Upside Target 46.74
Upside Target 47.48
Upside Target 48.36
Upside Target 51.21

Intraday share price targets for Mercantile Bank (MBWM)

Target Type Value
Downside Intraday Target 42.99
Downside Intraday Target 42.01
Upside Intraday Target 45.14
Upside Intraday Target 46.31
Upside Intraday Target 44.16

Weekly technical analysis of Mercantile Bank (MBWM)

Date Weekly Closing Price Open High Low Volume
30 Wed Oct 2024 43.96 43.19 45.34 43.19 0.515 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
11 Fri Oct 2024 43.91 41.60 43.98 41.08 1.105 times
04 Fri Oct 2024 41.78 42.55 43.97 40.85 0.756 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
30 Wed Oct 2024 43.96 43.46 46.74 40.85 0.816 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
31 Wed Jul 2024 48.36 40.49 51.21 38.02 1.139 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 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 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 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 Weak and stock is gaining 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Mercantile 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 44.11 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 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 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 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 Weak and stock is gaining 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Mercantile 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 44.11 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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