NASDAQ Stock MBWM Historical charts - Mercantile Bank Corporation

Historical charts for Stock MBWM - Share Mercantile Bank Corporation trades in NASDAQ under Finance Deals in Major Banks

Moving Averages for

  • 5Day Average: 36.47
  • 12Day Average: 35.92
  • 20Day Average: 36.08
  • 50Day Average: 36.58
  • 100Day Average: 37.97
  • 150Day Average: 36.57

MBWM Indicators & signals

Indicator MACD (12,26,9)

36.32, 36.36, -0.22
Indicator MACD is in negative zone

Indicator ADX (14)

25, 34.31, 20.59
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MBWM are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Wed May 2024 37.49 36.28 to 37.90 3.91% 0.87 times
30 Tue Apr 2024 36.08 35.74 to 36.17 -0.06% 0.78 times
29 Mon Apr 2024 36.10 36.04 to 36.78 -0.25% 0.48 times
26 Fri Apr 2024 36.19 36.08 to 36.80 -0.82% 0.57 times
25 Thu Apr 2024 36.49 36.05 to 36.69 -1.08% 0.78 times
24 Wed Apr 2024 36.89 36.29 to 36.96 -0.16% 0.63 times
23 Tue Apr 2024 36.95 36.24 to 37.14 1.34% 0.77 times
22 Mon Apr 2024 36.46 36.03 to 36.86 1.08% 1.01 times
19 Fri Apr 2024 36.07 34.46 to 36.17 4.46% 2.51 times
18 Thu Apr 2024 34.53 33.64 to 34.76 2.71% 1.17 times
17 Wed Apr 2024 33.62 33.46 to 34.25 -1.52% 1.31 times
16 Tue Apr 2024 34.14 33.99 to 36.09 -3.72% 0.95 times

Technical analysis forecast of MBWM Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in MBWM MBWM at this time. Stock is rising and might rise more.

It appears as if MBWM MBWM gave a large move recently.

Stock of MBWM (MBWM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of MBWM is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if MBWM stays above 37.4, but if it comes below 37.4, then a intra day sell could be more profitable.
If you take a sell trade below 37.4, then use 37.4 as stoploss and 36.3 as target. However if you take a buy trade in MBWM, then use 37.4 as stoploss and 38.6 as target.

Tomorrow's movement Prediction of MBWM appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Tomorrow's movement Prediction of MBWM is bullish. The stock is trading above weekly resistance and downside can only be expected once it trades below 36.67

Munafa value: 75

 Munafa value: 75

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NASDAQ Stock MBWM Historical charts - Share Mercantile Bank Corporation

 

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