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Stock Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Mercantile Bank Corporation (NASDAQ:MBWM)
Countertrend Up (+85) - MBWM 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.
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MarketClub’s Trade Triangles for MBWM
The long-term trend has been UP since Oct 1st, 2021 at 33.18
The intermediate-term trend has been UP since Sep 27th, 2021 at 31.41
The short-term trend has been DOWN since Oct 26th, 2021 at 34.91
Smart Scan Analysis for MBWM
Based on our trend formula, MBWM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.25 | 35.35 | 34.64 | 35.05 | -0.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 35.18 | 26464 | 2021-10-26 15:59:36 |
| Year High | 38.47 | Year High Date | 2018-07-09 |
| Year Low | 29.6 | Year Low Date | 2018-10-24 |
| 52wk High | 35.78 | 52wk High Date | 2021-10-22 |
| 52wk Low | 21.31 | 52wk Low Date | 2020-11-06 |
| Year End Close | 16.5 | Average Volume | 37,857 |
| Shares Outstanding | 15,893 | Short Interest | 143,955 |
| % Institutional | 45.2 | Market Cap | 544M |
| Assets | 475,741,400M | Liabilities | 430,552,600M |
| P/E Ratio | 10.0228 | Beta | 0.82 |
| Volatility | 23.93 |