(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 2024-04-02 View latest technical analysis
10 day averaged volume of Mercantile Bank is 62790
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Tue Apr 2024 | 36.84 | 36.92 | 37.16 | 36.50 | 1.457 times |
| 01 Mon Apr 2024 | 37.46 | 38.51 | 38.51 | 37.13 | 1.069 times |
| 28 Thu Mar 2024 | 38.49 | 38.01 | 38.54 | 37.80 | 1.753 times |
| 27 Wed Mar 2024 | 38.04 | 36.84 | 38.04 | 36.80 | 0.989 times |
| 26 Tue Mar 2024 | 36.87 | 37.12 | 37.12 | 36.56 | 1.073 times |
| 25 Mon Mar 2024 | 36.87 | 37.02 | 37.57 | 36.65 | 0.527 times |
| 22 Fri Mar 2024 | 36.89 | 37.59 | 37.59 | 36.82 | 0.663 times |
| 21 Thu Mar 2024 | 37.43 | 37.33 | 37.77 | 37.06 | 0.954 times |
| 20 Wed Mar 2024 | 37.07 | 35.38 | 37.66 | 35.15 | 1.083 times |
| 19 Tue Mar 2024 | 35.59 | 35.23 | 35.84 | 35.23 | 0.839 times |
My analysis of stock is bearish for shortterm, and stock might move down till 36 or till 34.9. Use a stoploss of 36.89 and if the stock hits stoploss, then it can shoot up till 37.79
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 34.25 |
| Downside Target | 35.87 |
| Upside Target | 37.37 |
| Upside Target | 38.51 |
| Upside Target | 38.54 |
| 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 | 36.06 |
| Downside Intraday Target | 35.27 |
| Upside Intraday Target | 38.07 |
| Upside Intraday Target | 39.29 |
| Upside Intraday Target | 37.28 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Tue Apr 2024 | 36.84 | 38.51 | 38.51 | 36.50 | 0.582 times |
| 28 Thu Mar 2024 | 38.49 | 37.02 | 38.54 | 36.56 | 0.947 times |
| 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 |
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 |
| 02 Tue Apr 2024 | 36.84 | 38.51 | 38.51 | 36.50 | 0.091 times |
| 28 Thu Mar 2024 | 38.49 | 36.61 | 39.70 | 35.14 | 1.226 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 |
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 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Mercantile Bank stock for short term is SELL. 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.
Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 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 37.28 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Mercantile Bank stock for short term is SELL. 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.
Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 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 37.28 and Mercantile Bank (MBWM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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.