(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 2024-04-01 View latest technical analysis
10 day averaged volume of Mercantile Bank is 79100
Date | Daily Closing Price | Open | High | Low | Volume |
01 Mon Apr 2024 | 37.46 | 38.51 | 38.51 | 37.13 | 0.848 times |
28 Thu Mar 2024 | 38.49 | 38.01 | 38.54 | 37.80 | 1.392 times |
27 Wed Mar 2024 | 38.04 | 36.84 | 38.04 | 36.80 | 0.785 times |
26 Tue Mar 2024 | 36.87 | 37.12 | 37.12 | 36.56 | 0.852 times |
25 Mon Mar 2024 | 36.87 | 37.02 | 37.57 | 36.65 | 0.418 times |
22 Fri Mar 2024 | 36.89 | 37.59 | 37.59 | 36.82 | 0.526 times |
21 Thu Mar 2024 | 37.43 | 37.33 | 37.77 | 37.06 | 0.757 times |
20 Wed Mar 2024 | 37.07 | 35.38 | 37.66 | 35.15 | 0.86 times |
19 Tue Mar 2024 | 35.59 | 35.23 | 35.84 | 35.23 | 0.666 times |
18 Mon Mar 2024 | 35.34 | 35.72 | 35.99 | 35.23 | 0.833 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 37.9 as stoploss in an intra day sell trade for a target of 36.97. However, stock will show a bullish move above 37.9.
Share price targets for Mercantile Bank (MBWM)
Target Type | Value |
Downside Target | 34.25 |
Downside Target | 35.87 |
Upside Target | 37.77 |
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 | 36.89 |
Downside Intraday Target | 36.32 |
Upside Intraday Target | 38.27 |
Upside Intraday Target | 39.08 |
Upside Intraday Target | 37.7 |
Weekly technical analysis of Mercantile Bank (MBWM)
Date | Weekly Closing Price | Open | High | Low | Volume |
01 Mon Apr 2024 | 37.46 | 38.51 | 38.51 | 37.13 | 0.246 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 |
01 Mon Apr 2024 | 37.46 | 38.51 | 38.51 | 37.13 | 0.039 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. 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.
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 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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 37.14 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 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. 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.
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 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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 37.14 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.