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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
Tue, 28 Nov 2017NoneShooting StarFri, 10 Nov 20172.67%
***Stock database and scans are updated around midnight (New York time) every trading day.
9.99 0.00 (0%) Nov 28 4:00pm EST
Open: 9.98 Range: 9.87 - 10.00 Vol: 62.22K Avg Vol: 38.41K
EPS: 0.53 P/E ratio: 18.98 EBITDA: 0.00 Mkt Cap: 340.74M
Analyze "MCBC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 9.96
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 9.89
Last Trade is below the 50 day moving average at 10.10
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 76% 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 is also in a trading range but however it has a bearish downside bias. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 9.75 would be a good place to start scaling in a long position. 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 - Tue, 28 Nov 2017
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