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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 2024-10-04 View latest technical analysis

10 day averaged volume of Mercantile Bank is 81460

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	41.78	41.42	42.11	41.35	0.417 times
03 Thu Oct 2024	41.28	40.99	41.48	40.85	0.404 times
02 Wed Oct 2024	41.26	41.54	42.35	41.06	0.482 times
01 Tue Oct 2024	41.87	43.46	43.46	41.70	0.877 times
30 Mon Sep 2024	43.72	42.55	43.97	42.55	0.745 times
27 Fri Sep 2024	42.56	43.34	43.57	42.45	0.448 times
26 Thu Sep 2024	42.74	43.32	43.40	42.69	0.535 times
25 Wed Sep 2024	42.81	43.40	43.40	42.55	0.728 times
24 Tue Sep 2024	43.11	43.87	44.16	42.90	1.204 times
23 Mon Sep 2024	43.80	44.09	44.72	42.06	0.954 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42, but if it comes above 42, then a intra day buy could be more profitable.
If you take a sell trade below 42, then use 42 as stoploss and 40.4 as target. However if you take a buy trade in stock , then use 42 as stoploss and 43.3 as target.

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	35.61
Downside Target	38.02
Downside Target	40.37
Upside Target	43.46
Upside Target	43.97
Upside Target	44.21
Upside Target	44.72
Upside Target	46.48
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	40.43
Downside Intraday Target	39.08
Upside Intraday Target	43.55
Upside Intraday Target	45.32
Upside Intraday Target	42.2

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	41.78	42.55	43.97	40.85	0.756 times
27 Fri Sep 2024	42.56	44.09	44.72	42.06	0.607 times
20 Fri Sep 2024	44.00	44.38	47.48	43.87	2.278 times
13 Fri Sep 2024	44.16	42.99	44.21	41.34	0.989 times
06 Fri Sep 2024	42.85	45.64	46.48	42.46	5.338 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
04 Fri Oct 2024	41.78	43.46	43.46	40.85	0.131 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mercantile Bank in short term and the sell signal is strong.

Mercantile 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile Bank in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Mercantile Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.69 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.