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: 44.22
12Day Average: 44.37
20Day Average: 44.81
50Day Average: 47.05
100Day Average: 46.76
150Day Average: 45.79

MBWM Indicators & signals

Indicator MACD (12,26,9)

44.43, 45.29, -0.83
Indicator MACD is in negative zone

Indicator ADX (14)

33.33, 14.69, 29.37
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
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 Tue Apr 2025	43.48	42.67 to 43.77	0.09%	0.66 times
31 Mon Mar 2025	43.44	42.03 to 44.12	-1.34%	0.67 times
28 Fri Mar 2025	44.03	43.71 to 45.68	-1.72%	0.8 times
26 Wed Mar 2025	44.80	44.39 to 45.21	-1.26%	0.61 times
24 Mon Mar 2025	45.37	44.71 to 45.40	2.53%	0.81 times
21 Fri Mar 2025	44.25	43.59 to 44.57	-0.65%	2.59 times
20 Thu Mar 2025	44.54	44.36 to 45.38	-1.18%	0.96 times
19 Wed Mar 2025	45.07	44.39 to 46.43	1.33%	1.34 times
18 Tue Mar 2025	44.48	43.40 to 44.88	-0.22%	0.95 times
17 Mon Mar 2025	44.58	44.34 to 45.04	-0.29%	0.7 times
14 Fri Mar 2025	44.71	43.78 to 45.25	2.38%	0.56 times
13 Thu Mar 2025	43.67	43.67 to 44.97	-1.13%	0.5 times

Technical analysis forecast for MBWM Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT MBWM MBWM at this time. Stock is falling and might fall more.

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

Stock of MBWM (MBWM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of MBWM is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if MBWM stays below 43.8, but if it comes above 43.8, then a intra day buy could be more profitable.
If you take a sell trade below 43.8, then use 43.8 as stoploss and 42.4 as target. However if you take a buy trade in MBWM, then use 43.8 as stoploss and 44.95 as target.

Munafa value: 50

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.