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Stock Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Macatawa Bank Corporation (NASDAQ:MCBC)
Long-Term Downtrend (-90) - MCBC is in a strong downtrend that is likely to continue. While MCBC is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Mar 10th, 2023 at 10.265
The intermediate-term trend has been DOWN since Jan 10th, 2023 at 10.610
The short-term trend has been DOWN since Mar 22nd, 2023 at 10.150
Smart Scan Analysis for MCBC
Based on our trend formula, MCBC is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.23 | 10.25 | 10.03 | 10.14 | -0.06 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.20 | 30547 | 2023-03-30 15:59:38 |
| Year High | 12.9199 | Year High Date | 2018-07-09 |
| Year Low | 9.5729 | Year Low Date | 2018-02-09 |
| 52wk High | 11.84 | 52wk High Date | 2022-11-07 |
| 52wk Low | 6.96 | 52wk Low Date | 2023-03-13 |
| Year End Close | 2.89 | Average Volume | 67,274 |
| Shares Outstanding | 34,299 | Short Interest | 593,131 |
| % Institutional | 12 | Market Cap | 358M |
| Assets | 290,691,900M | Liabilities | 265,988,100M |
| P/E Ratio | 10.099 | Beta | 2.49 |
| Volatility | 30.73 |