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Stock Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Mercantile Bank Corporation (NASDAQ:MBWM)
Crossroads (-60) - MBWM 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 MBWM?
MarketClub looks at technical strength and momentum to determine if the timing is right for MBWM.
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 MBWM
The long-term trend has been UP since Jul 18th, 2023 at 31.5599
The intermediate-term trend has been DOWN since Mar 6th, 2024 at 35.8857
The short-term trend has been DOWN since Apr 2nd, 2024 at 36.8000
Smart Scan Analysis for MBWM
Based on our trend formula, MBWM is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.9900 | 36.2750 | 35.2928 | 35.5600 | -0.1800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 35.4600 | 35448 | 2024-04-15 15:59:51 |
| Year High | 38.47 | Year High Date | 2018-07-09 |
| Year Low | 29.6 | Year Low Date | 2018-10-24 |
| 52wk High | 42.8211 | 52wk High Date | 2024-01-30 |
| 52wk Low | 23.89 | 52wk Low Date | 2023-05-11 |
| Year End Close | 16.5 | Average Volume | 71,906 |
| Shares Outstanding | 16,117 | Short Interest | 143,955 |
| % Institutional | 45.2 | Market Cap | 544M |
| Assets | 535,322,400M | Liabilities | 483,107,900M |
| P/E Ratio | 6.9669 | Beta | 0.82 |
| Volatility | 23.93 |