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Stock Trend Analysis Report

Prepared for you on Monday, April 12, 2021.

Mercantile Bank Corp (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.

NASDAQ_MBWM
Open High Low MBWM Price Change
32.26 32.55 32.07 32.13 -0.14
Entry Signal

MarketClub’s Trade Triangles for MBWM

long term up The long-term trend has been UP since Nov 9th, 2020 at 24.2900

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2021 at 29.7401

short term down The short-term trend has been DOWN since Mar 31st, 2021 at 32.0400

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).

+55
Smart Scan Analysis for MBWM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.26 32.55 32.07 32.13 -0.14
Prev. Close Volume Bid Ask Time
32.13 23425 2021-04-09 15:59:47
Year High38.47Year High Date2018-07-09
Year Low29.6Year Low Date2018-10-24
52wk High34.4752wk High Date2021-03-12
52wk Low17.0952wk Low Date2020-09-23
Year End Close16.5Average Volume53,334
Shares Outstanding16,259Short Interest143,955
% Institutional45.2Market Cap544M
Assets443,734,400MLiabilities399,579,000M
P/E Ratio11.9078Beta0.82
Volatility23.93
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