MERCANTILE BANK CORP (MBWM) Stock Technical Analysis
NASDAQ:MBWM - Nasdaq - US5873761044 - Common Stock - Currency: USD
Taking everything into account, MBWM scores 4 out of 10 in our technical rating. In the past year, MBWM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
MBWM is part of the Banks industry. There are 397 other stocks in this industry, of which 71% are performing better than MBWM.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MBWM has a been trading in the 37.76 - 44.45 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MBWM outperforms 52% of them, which is more or less in line with the market.
MBWM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, MBWM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
38.13
51.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.05 to 43.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.52 to 38.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @43.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 49.69 to 51.16. 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
CRS52.89
Mansfield-0.02
10 Day High44.45
10 Day Low41.35
20 Day High44.45
20 Day Low37.76
52 Week High52.98
52 Week Low35.61
Performance
1 Week0.31%
2 Weeks4.59%
1 Month12.7%
3 Month-11.92%
6 Month-9.7%
12 Month10.48%
2 Year68.11%
3 Year32.41%
5 Year90.76%
10 Year118.69%
15 Year635.46%
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)0.37
RSI(14)58.16
LBB41.17
UBB44.26
43.76
-0.14 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.32%
1 Week0.31%
2 Weeks4.59%
1 Month12.7%
3 Month-11.92%
6 Month-9.7%
12 Month10.48%
2 Year68.11%
3 Year32.41%
5 Year90.76%
10 Year118.69%
15 Year635.46%
Volatility
ATR(14)1.29
ATR(20)%2.89%
ATR Inc-24.48%
Range Today0.84
ADR(20)1.23
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.89
Mansfield-0.02
10 Day High44.45
10 Day Low41.35
20 Day High44.45
20 Day Low37.76
52 Week High52.98
52 Week Low35.61
CS1 End43.48
CR1 Start43.91
Volume & EV
DER(3)-0.05%
DER(5)-1.19%
Volume41.80K
Volume Incr-28.64%
Vol(5)42.06K
Vol(50)61.39K