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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Macatawa Bank Corporation (NASDAQ:MCBC)
Countertrend Up (+85) - MCBC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MCBC?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCBC.
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 MCBC
The long-term trend has been UP since Apr 16th, 2024 at 11.4300
The intermediate-term trend has been UP since Apr 15th, 2024 at 9.8200
The short-term trend has been DOWN since May 8th, 2024 at 14.2774
Smart Scan Analysis for MCBC
Based on our trend formula, MCBC is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.280 | 14.500 | 14.245 | 14.500 | +0.190 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.490 | 109730 | 2024-05-08 15:59:20 |
| Year High | 12.9199 | Year High Date | 2018-07-09 |
| Year Low | 9.5729 | Year Low Date | 2018-02-09 |
| 52wk High | 14.53 | 52wk High Date | 2024-05-07 |
| 52wk Low | 8.31 | 52wk Low Date | 2023-10-25 |
| Year End Close | 2.89 | Average Volume | 326,913 |
| Shares Outstanding | 34,362 | Short Interest | 593,131 |
| % Institutional | 12 | Market Cap | 358M |
| Assets | 261,490,600M | Liabilities | 232,193,300M |
| P/E Ratio | 11.925 | Beta | 2.49 |
| Volatility | 30.73 |