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.
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.
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).
|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|