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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.

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NASDAQ_MCBC
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).

+60
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
Assets294,108,600MLiabilities269,286,900M
P/E Ratio9.043Beta2.49
Volatility30.73
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