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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.

Open High Low MCBC Price Change
8.42 8.45 8.31 8.31 -0.10
Entry Signal

MarketClub’s Trade Triangles for MCBC

long term down The long-term trend has been DOWN since Jun 17th, 2021 at 8.95

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2021 at 8.16

short term up 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).

Smart Scan Analysis for MCBC
Strong Downtrend Sideways 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 High12.9199Year High Date2018-07-09
Year Low9.5729Year Low Date2018-02-09
52wk High10.6652wk High Date2021-03-12
52wk Low6.8752wk Low Date2020-10-29
Year End Close2.89Average Volume63,185
Shares Outstanding34,192Short Interest593,131
% Institutional12Market Cap358M
P/E Ratio9.043Beta2.49
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