MERCANTILE BANK CORP (MBWM) Technical Analysis
NASDAQ:MBWM • US5873761044
Current stock price
49.87 USD
-0.41 (-0.82%)
At close:
49.87 USD
0 (0%)
After Hours:
MBWM Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to MBWM. In the last year, MBWM was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, MBWM turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- MBWM is part of the Banks industry. There are 380 other stocks in this industry, MBWM did better than 55% of them.
- MBWM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MBWM is lagging the market slightly.
- In the last month MBWM has a been trading in the 48.30 - 54.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MBWM Weekly and Daily overview Charts
MBWM Setup Rating and Analysis
MBWM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 49.92. Right above this resistance zone may be a good entry point.
More info and screens
MBWM Support and Resistance Analysis
40.95
55.49
4 important support areas can be observed.
- A support zone ranging from 49.80 to 49.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @47.92 from a trend line in the weekly time frame.
- A support zone ranging from 43.10 to 44.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.36 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 49.92 to 50.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.72 to 54.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
MBWM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MBWM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MBWM is down. |
| ChartMill Relative Strength | 67.02 | NEUTRAL | MBWM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MBWM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MBWM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MBWM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.4 | NEUTRAL | The RSI value for MBWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MBWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.44 | NEUTRAL | The Stochastics value for MBWM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MBWM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.21 | NEGATIVE | The low ADX value for MBWM suggests a weak or negative trend. |
MBWM Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
MBWM Technicals: Chart, Performance Metrics, Trend & Indicators
49.87
-0.41 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.82%
1 Week0.32%
2 Weeks-0.58%
1 Month-4.79%
3 Month2.36%
6 Month8.89%
12 Month13.26%
2 Year29.57%
3 Year63.08%
5 Year53.59%
10 Year122.44%
15 Year412.01%
Volatility
ATR(14)1.66
ATR(20)%3.45%
ATR Inc13.77%
Range Today1.11
ADR(20)1.59
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.02
3 months CRS76.27
6 months CRS79.96
Mansfield0.42
10 Day High51.27
10 Day Low48.51
20 Day High54.56
20 Day Low48.3
52 Week High55.77
52 Week Low37.76
CS1 End49.84
CR1 Start49.92
Volume & EV
DER(3)0.19%
DER(5)0.39%
Volume88.15K
Volume Incr96.18%
Vol(5)190.53K
Vol(50)103.44K
MERCANTILE BANK CORP / MBWM TA FAQ
Can you provide the ChartMill technical rating for MERCANTILE BANK CORP?
ChartMill assigns a technical rating of 3 / 10 to MBWM.
What is the current trend direction of MERCANTILE BANK CORP (MBWM) stock?
The current trend direction for MERCANTILE BANK CORP (MBWM) is Bearish.
Can you provide the RSI signal for MERCANTILE BANK CORP?
MERCANTILE BANK CORP (MBWM) has an RSI value of 43.3955. This indicates that the stock is currently neutral.
What is the MACD signal for MBWM stock?
The MACD indicator for MERCANTILE BANK CORP (MBWM) has a value of -0.087964, indicating a bearish trend.
What is the short term momentum for MERCANTILE BANK CORP (MBWM) stock?
The short term momentum for MERCANTILE BANK CORP (MBWM) is negative.