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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Macatawa Bank Corporation (NASDAQ:MCBC)
Long-Term Uptrend (+90) - MCBC is in a strong uptrend that is likely to continue. While MCBC is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Apr 16th, 2024 at 11.43
The intermediate-term trend has been UP since Jul 17th, 2024 at 14.84
The short-term trend has been UP since Jul 23rd, 2024 at 14.85
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 |
|---|---|---|---|---|
| 14.95 | 14.98 | 14.82 | 14.94 | +0.11 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.83 | 106630 | 2024-07-26 15:59:50 |
| Year High | 12.9199 | Year High Date | 2018-07-09 |
| Year Low | 9.5729 | Year Low Date | 2018-02-09 |
| 52wk High | 15 | 52wk High Date | 2024-07-23 |
| 52wk Low | 8.31 | 52wk Low Date | 2023-10-25 |
| Year End Close | 2.89 | Average Volume | 209,416 |
| Shares Outstanding | 34,362 | Short Interest | 593,131 |
| % Institutional | 12 | Market Cap | 358M |
| Assets | 261,490,600M | Liabilities | 232,193,300M |
| P/E Ratio | 12.3583 | Beta | 2.49 |
| Volatility | 30.73 |