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Stock Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MCBC
Open High Low MCBC Price Change
13.94 14.06 13.85 14.04 +0.14
Entry Signal

MarketClub’s Trade Triangles for MCBC

long term up The long-term trend has been UP since Apr 16th, 2024 at 11.430

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 13.980

short term down The short-term trend has been DOWN since May 20th, 2024 at 14.335

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
13.94 14.06 13.85 14.04 +0.14
Prev. Close Volume Bid Ask Time
14.06 49604 2024-05-24 15:59:53
Year High12.9199Year High Date2018-07-09
Year Low9.5729Year Low Date2018-02-09
52wk High14.5952wk High Date2024-05-09
52wk Low8.3152wk Low Date2023-10-25
Year End Close2.89Average Volume131,459
Shares Outstanding34,362Short Interest593,131
% Institutional12Market Cap358M
Assets261,490,600MLiabilities232,193,300M
P/E Ratio11.5833Beta2.49
Volatility30.73
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