MERCANTILE BANK CORP (MBWM) Stock Technical Analysis
NASDAQ:MBWM - Nasdaq - US5873761044 - Common Stock - Currency: USD
Overall MBWM gets a technical rating of 2 out of 10. 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.
In the last month MBWM has a been trading in the 43.71 - 50.39 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.
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 50% of all stocks.
MBWM is an average performer in the Banks industry, it outperforms 45% of 392 stocks in the same industry.
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
38.13
51.67
When analyzing the support we can see 2 important areas.
- Support @40.27 from a trend line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 45.45 to 46.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.93 to 51.16. 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 | 50.05 | 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) | DOWN | NEGATIVE | The current price of MBWM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.36 | NEUTRAL | The RSI value for MBWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests MBWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.29 | OVERSOLD | The low Stochastics value suggests MBWM may be oversold. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for MBWM suggests some volalility. |
| Average Directional Index/ADX (14) | 26.23 | POSITIVE | The high ADX value value for MBWM suggests a strong 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)
44.53
+0.48 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.09%
1 Week0.2%
2 Weeks-6.67%
1 Month-8.07%
3 Month1.76%
6 Month-10.37%
12 Month7.22%
2 Year33.4%
3 Year34.61%
5 Year103.89%
10 Year119.36%
15 Year808.78%
Volatility
ATR(14)1.45
ATR(20)%3.11%
ATR Inc1.18%
Range Today0.94
ADR(20)1.35
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.05
Mansfield-0.98
10 Day High48.32
10 Day Low43.71
20 Day High50.39
20 Day Low43.71
52 Week High52.98
52 Week Low37.76
CS1 End40.27
CR1 Start45.45
Volume & EV
DER(3)4.64%
DER(5)2.37%
Volume38.56K
Volume Incr-44.03%
Vol(5)56.93K
Vol(50)84.75K