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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Mercantile Bank Corporation (NASDAQ:MBWM)
Bull Market Weakness (+75) - MBWM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MBWM as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MBWM?
MarketClub looks at technical strength and momentum to determine if the timing is right for MBWM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MBWM
The long-term trend has been DOWN since Apr 16th, 2024 at 34.250
The intermediate-term trend has been UP since May 1st, 2024 at 37.470
The short-term trend has been UP since May 1st, 2024 at 36.797
Smart Scan Analysis for MBWM
Based on our trend formula, MBWM is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.82 | 39.67 | 38.81 | 39.60 | +0.10 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.50 | 44343 | 2024-05-08 15:59:41 |
| Year High | 38.47 | Year High Date | 2018-07-09 |
| Year Low | 29.6 | Year Low Date | 2018-10-24 |
| 52wk High | 42.8211 | 52wk High Date | 2024-01-30 |
| 52wk Low | 23.89 | 52wk Low Date | 2023-05-11 |
| Year End Close | 16.5 | Average Volume | 71,721 |
| Shares Outstanding | 16,121 | Short Interest | 143,955 |
| % Institutional | 45.2 | Market Cap | 544M |
| Assets | 546,595,300M | Liabilities | 492,930,900M |
| P/E Ratio | 7.6998 | Beta | 0.82 |
| Volatility | 23.93 |