MERCANTILE BANK CORP (MBWM)
US5873761044 - Common Stock
We assign a technical rating of 10 out of 10 to MBWM. MBWM has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MBWM did better than 87% of all other stocks. We also observe that the gains produced by MBWM over the past year are nicely spread over this period.
MBWM is one of the better performing stocks in the Banks industry, it outperforms 88% of 411 stocks in the same industry.
MBWM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MBWM is lagging the market slightly.
In the last month MBWM has a been trading in the 35.74 - 40.34 range, which is quite wide. It is currently trading near the high of this range.
MBWM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.09
42.53
We found 5 important support areas.
- A support zone ranging from 39.55 to 39.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.70 to 37.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.71 to 36.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.39 to 34.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @33.42 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @40.90 from a horizontal line in the weekly time frame.
- Resistance @42.11 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.88
Mansfield0.09
10 Day High40.34
10 Day Low38.77
20 Day High40.34
20 Day Low35.74
52 Week High42.82
52 Week Low25.12
Performance
1 Week0.71%
2 Weeks3.69%
1 Month10.59%
3 Month5.56%
6 Month8.69%
12 Month54.37%
2 Year20.7%
3 Year23.5%
5 Year29.3%
10 Year86.14%
15 Year946.98%
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)0.16
RSI(14)66.64
LBB36.86
UBB41.09
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.91 | 39.54 | 1.37 (3.35%) | 25.00% |
| An entry @40.91. This is a Buy Stop order right above the resistance zone. | An exit @39.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.37 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MERCANTILE BANK CORP
NASDAQ:MBWM (5/17/2024, 7:12:12 PM)
After market: 39.89 0 (0%)39.89
-0.07 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.18%
1 Week0.71%
2 Weeks3.69%
1 Month10.59%
3 Month5.56%
6 Month8.69%
12 Month54.37%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.83
ATR(20)%2.04%
ATR Inc
Range Today0.67
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High40.34
10 Day Low38.77
20 Day High40.34
20 Day Low35.74
52 Week High42.82
52 Week Low25.12
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume36.40K
Volume Incr-38.27%
Vol(5)44.42K
Vol(50)68.33K