Macatawa Bank Corporation ($MCBC): Caution Is Advised (2019-07-29)

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REPORTING FOR 2019-07-29 | LOGISTICS-BUSINESS-REVIEW.COM: We have conducted a deep analysis of how Macatawa Bank Corporation ($MCBC) has been trading over the last 2 weeks and the past day especially. On its latest session, Macatawa Bank Corporation ($MCBC) opened at 9.98, reaching a high of 10.29 and a low of 9.98 before closing at a price of 10.21. There was a total volume of 45734.

VOLUME INDICATORS: We saw an accumulation-distribution index of 36.66333, an on-balance volume of -9.92, chaikin money flow of 1.0 and a force index of 0.0088. There was an ease of movement rating of 0.00091, a volume-price trend of -0.169 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 0.14845, bolinger bands of 10.05314, an upper bollinger band of 9.82686, lower bollinger band of 9.98, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 10.08333, high band keltner channel of 9.77333, low band keltner channel of 10.39333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 9.98, a donchian channel low band of 9.98, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.00179, a MACD signal of -0.001, a MACD difference of -0.0008, a fast Exponential Moving Average (EMA) indicator of 9.98, a slow Exponential Moving Average (EMA) indicator of 9.98, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.67322, a trix of -1.24901, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 0.17412, a KST Oscillator (KST) of -17.14724 and a KST Oscillator (KST Signal) of -17.14724 (leaving a KST difference of -1.96964). We also found an Ichimoku rating of 10.135, an Ichimoku B rating of 10.135, a Ichimoku visual trend A of 10.31674, an Ichimoku visual trend B of 10.2816, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 25.31983, a True Strength Index (TSI) of -100.0, an ultimate oscillator of 50.0, a stochastic oscillator of 100.0, a stochastic oscillator signal of 100.0, a Williams %R rating of 83.33333 and an awesome oscillator of -0.00508.

RETURNS: There was a daily return of -1.71472, a daily log return of -0.80483 and a cumulative return of -0.8016.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-29 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Macatawa Bank Corporation ($MCBC)…

For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on Macatawa Bank Corporation, we strongly advise Macatawa Bank Corporation investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like Macatawa Bank Corporation – without this you are trading blind:

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DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Macatawa Bank Corporation ($MCBC) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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