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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 2024-03-22 View latest technical analysis

10 day averaged volume of Mercantile Bank is 79490

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	36.89	37.59	37.59	36.82	0.523 times
21 Thu Mar 2024	37.43	37.33	37.77	37.06	0.754 times
20 Wed Mar 2024	37.07	35.38	37.66	35.15	0.855 times
19 Tue Mar 2024	35.59	35.23	35.84	35.23	0.663 times
18 Mon Mar 2024	35.34	35.72	35.99	35.23	0.829 times
15 Fri Mar 2024	35.72	35.32	36.17	35.32	2.896 times
14 Thu Mar 2024	35.30	36.51	36.51	35.14	1.054 times
13 Wed Mar 2024	36.43	36.58	37.02	36.15	0.691 times
12 Tue Mar 2024	36.51	36.83	36.84	36.31	0.829 times
11 Mon Mar 2024	36.80	37.30	37.37	36.75	0.547 times

My analysis of stock is bullish for shortterm, and stock might move up till 37.6 or till 38.6. Use a stoploss of 36.74 and if this stock hits its stoploss, then it can fall down till 35.89

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	31.54
Downside Target	34.25
Downside Target	35.87
Downside Target	36.87
Upside Target	37.61
Upside Target	37.77
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	35.44
Downside Intraday Target	33.98
Upside Intraday Target	38.06
Upside Intraday Target	39.22
Downside Intraday Target	36.6

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	36.89	35.72	37.77	35.15	0.602 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 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
22 Fri Mar 2024	36.89	36.61	39.70	35.14	1.033 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 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 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 BUY. Signal strength is Weak and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL 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 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 36.13 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 negative.

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