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Macatawa Bank Corporation (MCBC) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 11 Oct 2017Bearish EngulfingHanging ManTue, 10 Oct 2017-1.51%
***Stock database and scans are updated around midnight (New York time) every trading day.
10.35 0.00 (0%) Oct 18 4:00pm EDT
Open: 10.33 Range: 10.29 - 10.43 Vol: 24.73K Avg Vol: 42.25K
EPS: 0.53 P/E ratio: 19.68 EBITDA: 0.00 Mkt Cap: 353.29M
Analyze "MCBC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 10.46
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 10.12
Last Trade is above the 50 day moving average at 9.73
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 9.75
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MCBC

Stock Trend Analysis - Buy, Sell or Hold "Macatawa Bank Corporation" (MCBC)?

MCBC 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 78% 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. The 20 day moving average has been quite bullish with price trading above the 20 SMA for 82.5% of the time during the last two months. MCBC may strengthen further into a very strong long term trend or fall back into the trading range. The high probability trade is to still buy dips but selectively at strong support areas like the 200 SMA at 9.75. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MCBC".

The analyst consensus estimates for the 1 year price target for this stock is $10.25* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 11 Oct 2017
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