MERCANTILE BANK CORP (MBWM) Stock Technical Analysis
USA - NASDAQ:MBWM - US5873761044 - Common Stock
44.84 USD
+0.19 (+0.43%)
Taking everything into account, MBWM scores 0 out of 10 in our technical rating. MBWM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
70% of all other stocks performed better in the past year than MBWM.
MBWM is part of the Banks industry. There are 392 other stocks in this industry, of which 70% are performing better than MBWM.
In the last month MBWM has a been trading in the 44.38 - 49.79 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
MBWM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MBWM is lagging the market.
MBWM has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.38
51.03
2 important support areas can be observed.
- Support @43.42 from a horizontal line in the daily time frame.
- Support @39.78 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 46.60 to 46.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.92 to 50.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 30.11 | 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) | DOWN | NEGATIVE | The current price of MBWM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MBWM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.91 | NEUTRAL | The RSI value for MBWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests MBWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.8 | OVERSOLD | The low Stochastics value suggests MBWM may be oversold. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for MBWM suggests some volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for MBWM suggests a weak or negative trend. |
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)
NASDAQ:MBWM (10/3/2025, 3:42:39 PM)
44.84
+0.19 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.43%
1 Week-2.43%
2 Weeks-7.54%
1 Month-9.14%
3 Month-10.36%
6 Month13.18%
12 Month6.87%
2 Year35.55%
3 Year27.75%
5 Year104.25%
10 Year102.4%
15 Year973.32%
Volatility
ATR(14)1.24
ATR(20)%2.63%
ATR Inc-15.77%
Range Today0.52
ADR(20)1.17
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.11
Mansfield-1.3
10 Day High48.68
10 Day Low44.38
20 Day High49.79
20 Day Low44.38
52 Week High52.98
52 Week Low37.76
CS1 End43.42
CR1 Start46.6
Volume & EV
DER(3)-3.39%
DER(5)-1.3%
Volume29.34K
Volume Incr21.96%
Vol(5)63.42K
Vol(50)57.90K