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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 looks at technical strength and momentum to determine if the timing is right for MBWM.

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NASDAQ_MBWM
Open High Low MBWM Price Change
35.25 35.35 34.64 35.05 -0.13
Entry Signal

MarketClub’s Trade Triangles for MBWM

long term up The long-term trend has been UP since Oct 1st, 2021 at 33.18

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 31.41

short term down 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).

+85
Smart Scan Analysis for MBWM
Strong Downtrend Sideways 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 High38.47Year High Date2018-07-09
Year Low29.6Year Low Date2018-10-24
52wk High35.7852wk High Date2021-10-22
52wk Low21.3152wk Low Date2020-11-06
Year End Close16.5Average Volume37,857
Shares Outstanding15,893Short Interest143,955
% Institutional45.2Market Cap544M
Assets475,741,400MLiabilities430,552,600M
P/E Ratio10.0228Beta0.82
Volatility23.93
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