Mercantile Bank Technical Analysis (NASDAQ:MBWM)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Mercantile Bank stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the MBWM stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Mercantile Bank. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Mercantile Bank stock analysis using these technical indicators helps identify trading opportunities.
Mercantile Bank Moving Average:
Moving averages help predict the price direction of MBWM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Mercantile Bank are mostly signals of long term trends and will help long term traders.
Mercantile Bank Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Mercantile Bank stock price relative to previous trades. Mercantile Bank bollinger bands show that the stock price is $32.4, upper band is 28.23, lower band is 27.05, and the average is 27.64.
Mercantile Bank Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Mercantile Bank MACD indicator is below 0 indicating a bearish trend.
Mercantile Bank Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 56.36 is the RSI value of MBWM stock. .