Mercantile Bank Corp (MBWM) Technical Analysis

$43.46▲2.96%

Market is closed - opens 8 PM, 15 Jan 2025

Insights

Mercantile Bank is currently in a neutral trading position according to technical analysis indicators.
Based on analysis of the Oscillators technical indicator, the current market trend for Mercantile Bank stock suggests that it is range bound and no decision can be made based on this information
Based on analysis of the Moving Averages technical indicator, Mercantile Bank stock is in a downtrend↘️
Based on analysis of the Pivot Points, the current market trend for Mercantile Bank stock suggests that it is a good time to buy

Analysis Summary

Oscillators

Sell

Neutral

Buy

Moving Averages

Sell

Neutral

Buy

Pivots

Sell

Neutral

Buy

Oscillators

Name	Value	Action
Relative Strength Index	29.92	Buy
Stochastic	28.08, 18.63	Neutral
Ultimate Oscillator	50.86	Neutral
Stochastic Relative Strength Index	11.79, 4.4	Buy
Moving Average Convergence Divergence	-1.55, -1.23	Neutral

Moving Averages

Simple Moving Average

Period (Days)	Value	Action
10	43.52	Sell
20	45.13	Sell
50	47.32	Buy

Exponential Moving Average

Period (Days)	Value	Action
10	43.47	Sell
20	44.82	Sell
50	46.0	Buy

Volume Weighted Moving Average

Period (Days)	Value	Action
10	43.42	Neutral
20	45.75	Sell
50	47.68	Sell

Double Exponential Moving Average

Period (Days)	Value	Action
10	42.02	Sell
20	42.85	Sell
50	45.8	Sell

Triple Exponential Moving Average

Period (Days)	Value	Action
10	41.92	Buy
20	41.66	Sell
50	44.52	Sell

Pivot

Pivot	Value
Resistance L3	45.15
Resistance L2	44.01
Resistance L1	42.85
Pivot Point	41.71
Support L1	40.55
Support L2	39.41
Support L3	38.25

*Disclaimer: The content present here is for informational purposes only, you should not construe any such information or other material as investment advisory.