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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 2024-10-24 View latest technical analysis

10 day averaged volume of Mercantile Bank is 58150

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	43.77	44.08	44.08	43.18	0.745 times
23 Wed Oct 2024	43.80	43.57	44.00	43.21	0.629 times
22 Tue Oct 2024	43.88	43.02	43.95	43.02	0.989 times
21 Mon Oct 2024	43.36	45.50	45.51	43.24	0.942 times
18 Fri Oct 2024	45.40	46.31	46.31	45.40	0.898 times
17 Thu Oct 2024	46.41	46.40	46.50	45.71	0.688 times
16 Wed Oct 2024	46.45	45.32	46.74	45.10	1.118 times
15 Tue Oct 2024	44.59	44.15	45.92	43.32	1.598 times
14 Mon Oct 2024	43.40	43.95	44.16	43.32	0.944 times
11 Fri Oct 2024	43.91	41.91	43.98	41.91	1.247 times

My analysis of stock is bullish for shortterm, and stock might move up till 44.8 or till 46.7. Use a stoploss of 43.23 and if this stock hits its stoploss, then it can fall down till 41.65

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	35.61
Downside Target	38.02
Downside Target	40.37
Downside Target	43.02
Upside Target	43.98
Upside Target	44.72
Upside Target	45.51
Upside Target	46.74
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	42.69
Downside Intraday Target	41.61
Upside Intraday Target	45.18
Upside Intraday Target	46.59
Upside Intraday Target	44.1

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	43.77	45.50	45.51	43.02	0.63 times
18 Fri Oct 2024	45.40	43.95	46.74	43.32	1.158 times
11 Fri Oct 2024	43.91	41.60	43.98	41.08	1.105 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

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
24 Thu Oct 2024	43.77	43.46	46.74	40.85	0.693 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 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 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 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 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 Weak and stock is gaining momentum.

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

Mercantile Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 44.5 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 positive

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