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Stock Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Mercantile Bank Corporation (NASDAQ:MBWM)
Sidelines Mode (-55) - MBWM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 34.2500
The intermediate-term trend has been DOWN since Mar 6th, 2024 at 35.8857
The short-term trend has been UP since Apr 19th, 2024 at 36.0900
Smart Scan Analysis for MBWM
Based on our trend formula, MBWM is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 36.48 | 36.69 | 36.05 | 36.57 | -0.32 |
| Prev. Close | Volume | Bid | Ask | Time |
| 36.49 | 43261 | 2024-04-25 15:59:52 |
| 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 | 75,215 |
| Shares Outstanding | 16,117 | Short Interest | 143,955 |
| % Institutional | 45.2 | Market Cap | 544M |
| Assets | 535,322,400M | Liabilities | 483,107,900M |
| P/E Ratio | 7.191 | Beta | 0.82 |
| Volatility | 23.93 |