Country Icon

Mercantile Bank Corporation (MBWM) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiMon, 06 Nov 20172.78%
***Stock database and scans are updated around midnight (New York time) every trading day.
36.94 0.00 (0%) Nov 28 4:00pm EST
Open: 36.00 Range: 35.76 - 37.03 Vol: 33.79K Avg Vol: 30.78K
EPS: 1.91 P/E ratio: 18.91 EBITDA: 0.00 Mkt Cap: 595.04M
Analyze "MBWM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 36.15
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 35.52
Last Trade is above the 50 day moving average at 35.49
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 33.13
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MBWM

Stock Trend Analysis - Buy, Sell or Hold "Mercantile Bank Corporation" (MBWM)?

MBWM is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 72% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation MBWM will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 33.13. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MBWM".

The analyst consensus estimates for the 1 year price target for this stock is $36.60* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
Finance Stocks Above 200 Day Moving-Average
TickerNameTrend AnalysisSupport/Resistance
ESGREnstar Group LimitedBuy, Sell or HoldTrading Levels & Pivots
AUBNAuburn National Bancorporation, Inc.Buy, Sell or HoldTrading Levels & Pivots
NTRSNorthern Trust CorporationBuy, Sell or HoldTrading Levels & Pivots
EBTCEnterprise Bancorp IncBuy, Sell or HoldTrading Levels & Pivots
PWODPenns Woods Bancorp, Inc.Buy, Sell or HoldTrading Levels & Pivots
PEBKPeoples Bancorp of North Carolina, Inc.Buy, Sell or HoldTrading Levels & Pivots
PBCTPeople's United Financial, Inc.Buy, Sell or HoldTrading Levels & Pivots
AACAustralia Acquisition Corp.Buy, Sell or HoldTrading Levels & Pivots
DGICADonegal Group, Inc.Buy, Sell or HoldTrading Levels & Pivots
CWBCCommunity West BancsharesBuy, Sell or HoldTrading Levels & Pivots