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(MBWM) Mercantile Bank complete technical analysis [charts+indicators] | Buy/Sell Mercantile Bank | (MBWM) share price targets

Complete technical analysis of Mercantile Bank (MBWM) by charts plus indicators, forecast predictions and share price targets for Mercantile Bank (MBWM)

Mercantile Bank trades in USA in Finance sector.

10 day averaged volume of Mercantile Bank is 64430

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	51.79	49.12	51.89	48.90	2.874 times
10 Mon Feb 2025	49.70	49.60	50.15	49.10	0.86 times
07 Fri Feb 2025	49.68	50.00	50.06	48.70	1.018 times
06 Thu Feb 2025	50.34	49.72	50.37	49.32	0.774 times
05 Wed Feb 2025	49.30	48.92	49.71	48.20	0.941 times
04 Tue Feb 2025	48.67	47.51	48.88	47.50	0.593 times
03 Mon Feb 2025	47.75	47.18	48.63	45.37	0.854 times
31 Fri Jan 2025	48.81	49.35	50.20	48.28	1.434 times
30 Thu Jan 2025	48.75	49.34	49.74	48.23	1.1 times
29 Wed Jan 2025	48.62	48.59	50.00	47.97	1.189 times

Stock of Mercantile Bank (MBWM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.3, but if it comes below 50.3, then a intra day sell could be more profitable.
If you take a sell trade below 50.3, then use 50.3 as stoploss and 48.06 as target. However if you take a buy trade in stock , then use 50.3 as stoploss and 52.9 as target.

Share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Target	40.57
Downside Target	42.40
Downside Target	43.83
Downside Target	46.74
Downside Target	47.97
Downside Target	50.37
Downside Target	50.79
Downside Target	51.32
Upside Target	51.89
Upside Target	52.98

Intraday share price targets for Mercantile Bank (MBWM)

Target Type	Value
Downside Intraday Target	49.83
Downside Intraday Target	47.87
Upside Intraday Target	52.82
Upside Intraday Target	53.85
Downside Intraday Target	50.86

Weekly technical analysis of Mercantile Bank (MBWM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	51.79	49.60	51.89	48.90	0.893 times
07 Fri Feb 2025	49.68	47.18	50.37	45.37	0.622 times
31 Fri Jan 2025	48.81	49.27	50.79	47.97	1.137 times
24 Fri Jan 2025	49.20	45.06	49.71	44.98	7.515 times
17 Fri Jan 2025	44.21	44.76	44.76	43.83	0.189 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mercantile Bank (MBWM)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	51.79	47.18	51.89	45.37	0.326 times
31 Fri Jan 2025	48.81	44.97	50.79	40.57	1.316 times
31 Tue Dec 2024	44.49	50.51	51.32	44.06	0.906 times
26 Tue Nov 2024	50.10	43.33	52.98	42.40	1.14 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mercantile Bank (MBWM)

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mercantile Bank ( (MBWM) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mercantile Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mercantile Bank in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantile Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mercantile Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 49.72 and Mercantile Bank (MBWM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mercantile Bank (MBWM) stock. Volume based technical analysis of Mercantile Bank (MBWM) stock is negative.

Mercantile Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.