(MBWM) Mercantile Bank complete technical analysis [charts+indicators] | Buy/Sell Mercantile Bank | (MBWM) share price targets
Complete technical analysis of Mercantile Bank (MBWM) by charts plus indicators, forecast predictions and share price targets for Mercantile Bank (MBWM)
Mercantile Bank trades in USA in Finance sector.
Showing technical analysis as on 2024-03-05 View latest technical analysis
10 day averaged volume of Mercantile Bank is 73200
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 38.66 | 38.11 | 39.43 | 38.11 | 1.898 times |
| 04 Mon Mar 2024 | 38.44 | 38.31 | 39.70 | 37.11 | 2.194 times |
| 01 Fri Mar 2024 | 36.38 | 36.61 | 36.64 | 35.89 | 0.896 times |
| 29 Thu Feb 2024 | 36.84 | 36.92 | 37.34 | 36.51 | 0.637 times |
| 28 Wed Feb 2024 | 36.51 | 36.49 | 36.79 | 36.25 | 0.637 times |
| 27 Tue Feb 2024 | 36.78 | 36.94 | 37.27 | 36.65 | 0.611 times |
| 26 Mon Feb 2024 | 36.74 | 37.19 | 37.61 | 36.64 | 0.463 times |
| 23 Fri Feb 2024 | 37.43 | 37.17 | 37.71 | 36.90 | 0.66 times |
| 22 Thu Feb 2024 | 37.29 | 37.81 | 38.15 | 36.87 | 2.077 times |
| 21 Wed Feb 2024 | 37.96 | 37.32 | 37.99 | 37.15 | 0.887 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.3, but if it comes below 38.3, then a intra day sell could be more profitable.
If you take a sell trade below 38.3, then use 38.3 as stoploss and 37.5 as target. However if you take a buy trade in stock , then use 38.3 as stoploss and 39.2 as target.
Share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Target | 31.54 |
| Downside Target | 34.25 |
| Downside Target | 35.89 |
| Downside Target | 38.15 |
| Upside Target | 39.13 |
| Upside Target | 39.44 |
| Upside Target | 39.70 |
| Upside Target | 40.59 |
| Upside Target | 41.93 |
| Upside Target | 42.82 |
Intraday share price targets for Mercantile Bank (MBWM)
| Target Type | Value |
| Downside Intraday Target | 37.28 |
| Downside Intraday Target | 35.9 |
| Upside Intraday Target | 39.87 |
| Upside Intraday Target | 41.08 |
| Downside Intraday Target | 38.49 |
Weekly technical analysis of Mercantile Bank (MBWM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 38.66 | 38.31 | 39.70 | 37.11 | 1.262 times |
| 01 Fri Mar 2024 | 36.38 | 37.19 | 37.61 | 35.89 | 0.711 times |
| 23 Fri Feb 2024 | 37.43 | 37.43 | 38.15 | 36.87 | 0.937 times |
| 16 Fri Feb 2024 | 37.79 | 37.85 | 39.44 | 36.10 | 0.987 times |
| 09 Fri Feb 2024 | 38.05 | 38.83 | 39.13 | 36.73 | 0.855 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mercantile Bank (MBWM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 38.66 | 36.61 | 39.70 | 35.89 | 0.258 times |
| 29 Thu Feb 2024 | 36.84 | 40.33 | 40.59 | 36.10 | 0.804 times |
| 31 Wed Jan 2024 | 40.09 | 40.09 | 42.82 | 34.25 | 1.484 times |
| 29 Fri Dec 2023 | 40.38 | 34.59 | 41.93 | 34.59 | 1.694 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mercantile Bank (MBWM)
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercantile Bank in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercantile Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mercantile Bank in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercantile Bank is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 37.62 and Mercantile Bank (MBWM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.
Mercantile Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercantile Bank in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercantile Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mercantile Bank in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercantile Bank is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 37.62 and Mercantile Bank (MBWM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.
Mercantile Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.