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Stock Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Macatawa Bank Corporation (NASDAQ:MCBC)
Crossroads (+60) - MCBC is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MCBC?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCBC.
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 MCBC
The long-term trend has been DOWN since Jun 17th, 2021 at 8.95
The intermediate-term trend has been UP since Oct 8th, 2021 at 8.16
The short-term trend has been UP since Oct 15th, 2021 at 8.13
Smart Scan Analysis for MCBC
Based on our trend formula, MCBC is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.42 | 8.45 | 8.31 | 8.31 | -0.10 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.41 | 27572 | 2021-10-27 14:37:34 |
| Year High | 12.9199 | Year High Date | 2018-07-09 |
| Year Low | 9.5729 | Year Low Date | 2018-02-09 |
| 52wk High | 10.66 | 52wk High Date | 2021-03-12 |
| 52wk Low | 6.87 | 52wk Low Date | 2020-10-29 |
| Year End Close | 2.89 | Average Volume | 63,185 |
| Shares Outstanding | 34,192 | Short Interest | 593,131 |
| % Institutional | 12 | Market Cap | 358M |
| Assets | 294,108,600M | Liabilities | 269,286,900M |
| P/E Ratio | 9.043 | Beta | 2.49 |
| Volatility | 30.73 |