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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.

Open High Low MCBC Price Change
10.23 10.25 10.03 10.14 -0.06
Entry Signal

MarketClub’s Trade Triangles for MCBC

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 10.265

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2023 at 10.610

short term down 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).

Smart Scan Analysis for MCBC
Strong Downtrend Sideways 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 High12.9199Year High Date2018-07-09
Year Low9.5729Year Low Date2018-02-09
52wk High11.8452wk High Date2022-11-07
52wk Low6.9652wk Low Date2023-03-13
Year End Close2.89Average Volume67,274
Shares Outstanding34,299Short Interest593,131
% Institutional12Market Cap358M
P/E Ratio10.099Beta2.49
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