MERCANTILE BANK CORP (MBWM) Stock Technical Analysis
NASDAQ:MBWM - Nasdaq - US5873761044 - Common Stock - Currency: USD
Taking everything into account, MBWM scores 1 out of 10 in our technical rating. MBWM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
MBWM is one of the lesser performing stocks in the Banks industry. 61% of 398 stocks in the same industry do better.
MBWM is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so MBWM is not an exception.
MBWM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
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 60% of all stocks.
MBWM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 40.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.52, a Stop Loss order could be placed below this zone.
More info and screens
38.13
50.94
When analyzing the support we notice one important area.
- A support zone ranging from 38.52 to 38.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 40.69 to 41.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.73 to 45.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 50.44 to 50.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.72
Mansfield0.09
10 Day High42.27
10 Day Low37.76
20 Day High45.87
20 Day Low37.76
52 Week High52.98
52 Week Low35.61
Performance
1 Week4.49%
2 Weeks2.05%
1 Month-9.02%
3 Month-18.17%
6 Month-5.58%
12 Month11.25%
2 Year43.48%
3 Year28.22%
5 Year70.59%
10 Year103.13%
15 Year574.37%
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)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)40.92
LBB37.24
UBB43.37
40.26
-0.42 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.03%
1 Week4.49%
2 Weeks2.05%
1 Month-9.02%
3 Month-18.17%
6 Month-5.58%
12 Month11.25%
2 Year43.48%
3 Year28.22%
5 Year70.59%
10 Year103.13%
15 Year574.37%
Volatility
ATR(14)2.15
ATR(20)%4.86%
ATR Inc-66.69%
Range Today0.6
ADR(20)1.77
ADR(20)%4.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.72
Mansfield0.09
10 Day High42.27
10 Day Low37.76
20 Day High45.87
20 Day Low37.76
52 Week High52.98
52 Week Low35.61
CS1 End38.52
CR1 Start40.69
Volume & EV
DER(3)2.98%
DER(5)2.07%
Volume57.03K
Volume Incr-20.52%
Vol(5)54.83K
Vol(50)68.76K