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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 2024-10-08 View latest technical analysis

10 day averaged volume of Mercantile Bank is 51740

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	41.54	41.97	42.43	41.51	0.885 times
07 Mon Oct 2024	41.73	41.60	41.96	41.08	0.804 times
04 Fri Oct 2024	41.78	41.42	42.11	41.35	0.657 times
03 Thu Oct 2024	41.28	40.99	41.48	40.85	0.636 times
02 Wed Oct 2024	41.26	41.54	42.35	41.06	0.76 times
01 Tue Oct 2024	41.87	43.46	43.46	41.70	1.38 times
30 Mon Sep 2024	43.72	42.55	43.97	42.55	1.173 times
27 Fri Sep 2024	42.56	43.34	43.57	42.45	0.705 times
26 Thu Sep 2024	42.74	43.32	43.40	42.69	0.843 times
25 Wed Sep 2024	42.81	43.40	43.40	42.55	1.146 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.7, but if it comes above 41.7, then a intra day buy could be more profitable.
If you take a sell trade below 41.7, then use 41.7 as stoploss and 40.1 as target. However if you take a buy trade in stock , then use 41.7 as stoploss and 43.16 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	43.87
Upside Target	43.97
Upside Target	44.21
Upside Target	44.72
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	40.94
Downside Intraday Target	40.33
Upside Intraday Target	42.29
Upside Intraday Target	43.03
Upside Intraday Target	41.68

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	41.54	41.60	42.43	41.08	0.367 times
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

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
08 Tue Oct 2024	41.54	43.46	43.46	40.85	0.196 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 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 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 coming down

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 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 42.22 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.