REPORTING FOR 2019-11-15 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MBWM has been trading over the last 2 weeks and the past day especially. On its latest session, Mercantile Bank Corporation ($MBWM) opened at 36.057, reaching a high of 36.057 and a low of 35.2974 before closing at a price of 35.56. There was a total volume of 34230.
VOLUME INDICATORS FOR MERCANTILE BANK CORPORATION ($MBWM): We saw an accumulation-distribution index of 198.70314, an on-balance volume of 35.54, chaikin money flow of 0.91416 and a force index of 0.27965. There was an ease of movement rating of 0.00066, a volume-price trend of 2.96117 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR MERCANTILE BANK CORPORATION ($MBWM): We noted an average true range of 0.41122, bolinger bands of 35.47466, an upper bollinger band of 35.21274, lower bollinger band of 35.2974, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 35.8038, high band keltner channel of 35.8038, low band keltner channel of 35.8038, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 35.2974, a donchian channel low band of 35.2974, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR MERCANTILE BANK CORPORATION ($MBWM): We calculated a Moving Average Convergence Divergence (MACD) of 0.00208, a MACD signal of 0.00115, a MACD difference of 0.00092, a fast Exponential Moving Average (EMA) indicator of 35.2974, a slow Exponential Moving Average (EMA) indicator of 35.2974, 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 0.02971, a trix of 5.91352, a Mass Index (MI) of 2.952, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -2.71779, a KST Oscillator (KST) of 83.42 and a KST Oscillator (KST Signal) of 83.42 (leaving a KST difference of 0.71057). We also found an Ichimoku rating of 36.057, an Ichimoku B rating of 36.057, a Ichimoku visual trend A of 33.4287, an Ichimoku visual trend B of 33.87135, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.
MOMENTUM INDICATORS FOR MERCANTILE BANK CORPORATION ($MBWM): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 78.15604, a stochastic oscillator of 50.0, a stochastic oscillator signal of 50.0, a Williams %R rating of -50.0 and an awesome oscillator of 0.0425.
RETURNS FOR MERCANTILE BANK CORPORATION ($MBWM): There was a daily return of 8.342, a daily log return of 0.262 and a cumulative return of 0.26234.
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 2019-11-15 (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 Mercantile Bank Corporation ($MBWM)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Mercantile Bank Corporation ($MBWM) 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.