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.
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.
38.13
When analyzing the support we notice one important area.
When analyzing the resistance we notice 3 important areas.
40.26
-0.42 (-1.03%)