Munafa technical analysis Mercantile Bank Corporation MBWM technical analysis buy or sell

Munafa technical analysis Mercantile Bank Corporation MBWM technical analysis buy or sell Analysis of Mercantile Bank Corporation MBWM to buy or sell for Daily, weekly or monthly

Date Close Open High Low
28 Fri Jun 40.57 39.76 41.11 39.49
27 Thu Jun 39.50 38.48 39.52 38.48
26 Wed Jun 38.24 37.20 38.50 37.10
25 Tue Jun 37.46 37.61 37.80 37.46
24 Mon Jun 37.85 37.06 38.28 37.00

Stock of Mercantile Bank Corporation closed at 40.57 and it opened at 39.76
It moved inside a range of 39.49 and 41.11

52 week High is 42.82 and 52 week Low is 30.12
Financial Year High is 41.11 and Low is 33.46
This year High is 42.82 and Low is 33.46

Mercantile Bank Corporation MBWM Daily Analysis to buy or sell

As per my analysis of Mercantile Bank Corporation MBWM, 12 day returns for Mercantile Bank Corporation MBWM have been positive, with total returns of 3.67, which is 9.95% with investment starting at 36.90.
An investment of 100,000 bucks in Mercantile Bank Corporation would have become 109950 bucks today.

Mercantile Bank Corporation MBWM moves in a range of 0.5 points on a day to day basis. This means that a total of approx 0.5 plus points of returns can be expected in a bullish day, and a total of 0.5 minus points can be expected in a bearish day.
This is about 1.23% of returns per day.

Mercantile Bank Corporation Munafa analysis, looking for Trend and BUY or SELL opportunities.

 Mercantile Bank Corporation Munafa analysis, looking for Trend and  BUY or SELL opportunities.

Stock is 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 Mercantile Bank Corporation MBWM at this time.

It appears as if Mercantile Bank Corporation MBWM gave a large move recently.

Stock of Mercantile Bank Corporation (MBWM) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might move higher!

Although my analysis for Mercantile Bank Corporation is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 39.7, for a target of 38.4 or 37.34

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of Mercantile Bank Corporation MBWM

 Daily Candle Stick analysis of Mercantile Bank Corporation MBWM

Candle stick analysis of Mercantile Bank Corporation as on 28 Fri Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 4.1 HC: 1.3 LC: 2.7 OC: 3.4

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 27 Thu Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 2.7 HC: 0.1 LC: 2.7 OC: 2.7

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 26 Wed Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 3.8 HC: 0.7 LC: 3.1 OC: 3.5

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 25 Tue Jun 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 0.9 HC: 0.9 LC: 0 OC: 0.5

Mercantile Bank Corporation is moving towards a low expiry

Mercantile Bank Corporation is forming a DOJI candle

Candle stick analysis of Mercantile Bank Corporation as on 24 Mon Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 3.5 HC: 1.1 LC: 2.3 OC: 3.3

Mercantile Bank Corporation is moving towards a high expiry

Mercantile Bank Corporation MBWM Weekly Analysis to buy or sell

As per my analysis of Mercantile Bank Corporation MBWM, 12 week returns for Mercantile Bank Corporation MBWM have been positive, with total returns of 4.5, which is 12.48% with investment starting at 36.07.
An investment of 100,000 bucks in Mercantile Bank Corporation would have become 112480 bucks today.

Mercantile Bank Corporation MBWM moves in a range of 1.1 points on a week to week basis. This means that a total of approx 1.1 plus points of returns can be expected in a bullish week, and a total of 1.1 minus points can be expected in a bearish week.
This is about 2.71% of returns per week.

Weekly Candle Stick analysis of Mercantile Bank Corporation MBWM

 Weekly Candle Stick analysis of Mercantile Bank Corporation MBWM

Candle stick analysis of Mercantile Bank Corporation as on 28 Fri Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 11.1 HC: 1.3 LC: 9.7 OC: 10.9

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 21 Fri Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 2.8 HC: 1.8 LC: 1 OC: 2.1

Mercantile Bank Corporation is moving towards a low expiry

Candle stick analysis of Mercantile Bank Corporation as on 18 Tue Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 4.1 HC: 0.7 LC: 3.3 OC: 3.6

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 14 Fri Jun 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 7.6 HC: 6.2 LC: 1.4 OC: 5.7

Mercantile Bank Corporation is moving towards a low expiry

Candle stick analysis of Mercantile Bank Corporation as on 07 Fri Jun 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 8.1 HC: 7.7 LC: 0.4 OC: 0

Mercantile Bank Corporation is moving towards a low expiry

Mercantile Bank Corporation is forming a DOJI candle

Mercantile Bank Corporation MBWM Monthly Analysis to buy or sell

As per my analysis of Mercantile Bank Corporation MBWM, 12 month returns for Mercantile Bank Corporation MBWM have been positive, with total returns of 5.6, which is 16.01% with investment starting at 34.97.
An investment of 100,000 bucks in Mercantile Bank Corporation would have become 116010 bucks today.

Mercantile Bank Corporation MBWM moves in a range of 2.7 points on a month to month basis. This means that a total of approx 2.7 plus points of returns can be expected in a bullish month, and a total of 2.7 minus points can be expected in a bearish month.
This is about 6.66% of returns per month.

Monthly Candle Stick analysis of Mercantile Bank Corporation MBWM

 Monthly Candle Stick analysis of Mercantile Bank Corporation MBWM

Candle stick analysis of Mercantile Bank Corporation as on 28 Fri Jun 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 15.5 HC: 1.3 LC: 13.9 OC: 4.9

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 31 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 13.1 HC: 5.5 LC: 7.2 OC: 11.2

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 15.1 HC: 6.4 LC: 8.2 OC: 0

Mercantile Bank Corporation is moving towards a high expiry

Mercantile Bank Corporation is forming a DOJI candle

Candle stick analysis of Mercantile Bank Corporation as on 28 Thu Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 13 HC: 3.1 LC: 9.5 OC: 7.5

Mercantile Bank Corporation is moving towards a high expiry

Candle stick analysis of Mercantile Bank Corporation as on 29 Thu Feb 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Mercantile Bank Corporation are:
HL: 18.6 HC: 16.2 LC: 2.1 OC: 5.5

Mercantile Bank Corporation is moving towards a low expiry

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Munafa technical analysis Mercantile Bank Corporation MBWM technical analysis buy or sell

 

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