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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 2024-08-23 View latest technical analysis

10 day averaged volume of Mercantile Bank is 52923

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	46.28	43.66	46.42	43.64	1.279 times
22 Thu Aug 2024	43.26	43.56	43.56	42.67	0.752 times
21 Wed Aug 2024	43.18	43.23	43.31	42.38	0.739 times
20 Tue Aug 2024	42.67	43.75	43.75	42.58	1.064 times
19 Mon Aug 2024	43.84	43.67	43.97	43.27	0.671 times
16 Fri Aug 2024	43.28	42.81	44.08	42.81	1.647 times
15 Thu Aug 2024	42.87	42.48	43.79	42.25	1.049 times
14 Wed Aug 2024	41.77	42.18	42.56	41.64	0.766 times
13 Tue Aug 2024	42.35	41.91	42.50	41.03	1.595 times
12 Mon Aug 2024	41.55	41.85	42.37	41.41	0.786 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 46.2, but if it comes below 46.2, then a intra day sell could be more profitable.
If you take a sell trade below 46.2, then use 46.2 as stoploss and 43.89 as target. However if you take a buy trade in stock , then use 46.2 as stoploss and 49.1 as target.

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	33.46
Downside Target	35.61
Downside Target	38.02
Downside Target	40.37
Downside Target	42.38
Downside Target	43.60
Downside Target	44.08
Upside Target	46.42
Upside Target	46.80
Upside Target	48.36
Upside Target	50.66
Upside Target	51.21

Intraday share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Intraday Target	43.63
Downside Intraday Target	40.99
Upside Intraday Target	47.67
Upside Intraday Target	49.07
Downside Intraday Target	45.03

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	46.28	43.67	46.42	42.38	0.771 times
16 Fri Aug 2024	43.28	41.85	44.08	41.03	1.242 times
09 Fri Aug 2024	41.53	41.42	43.60	40.37	0.743 times
02 Fri Aug 2024	44.11	50.40	50.66	40.73	0.79 times
26 Fri Jul 2024	50.44	47.69	51.21	46.80	0.683 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
23 Fri Aug 2024	46.28	48.25	48.36	40.37	0.555 times
31 Wed Jul 2024	48.36	40.49	51.21	38.02	1.139 times
28 Fri Jun 2024	40.57	39.19	41.11	35.61	1.407 times
31 Fri May 2024	38.31	36.36	40.43	36.28	0.681 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mercantile Bank ( (MBWM) ) 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 Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mercantile Bank in short term and the buy signal is strong.

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 green color and prices are above the green 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 SELL signal in short term but selling 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 43.19 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 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 positive

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