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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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?
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MarketClub’s Trade Triangles for MBWM
The long-term trend has been UP since Jun 28th, 2024 at 40.428
The intermediate-term trend has been UP since Nov 6th, 2024 at 46.740
The short-term trend has been DOWN since Nov 15th, 2024 at 49.140
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 |
|---|---|---|---|---|
| 47.70 | 48.67 | 47.70 | 48.59 | +0.07 |
| Prev. Close | Volume | Bid | Ask | Time |
| 48.56 | 22392 | 2024-11-19 15:59:02 |
| Year High | 38.47 | Year High Date | 2018-07-09 |
| Year Low | 29.6 | Year Low Date | 2018-10-24 |
| 52wk High | 51.31 | 52wk High Date | 2024-11-06 |
| 52wk Low | 33.64 | 52wk Low Date | 2024-04-18 |
| Year End Close | 16.5 | Average Volume | 58,705 |
| Shares Outstanding | 16,142 | Short Interest | 143,955 |
| % Institutional | 45.2 | Market Cap | 544M |
| Assets | 591,712,700M | Liabilities | 533,381,600M |
| P/E Ratio | 9.7626 | Beta | 0.82 |
| Volatility | 23.93 |