Is Mercantile Bank Corp. technically bullish or bearish?

Jun 25 2025 08:23 AM IST
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As of June 13, 2025, Mercantile Bank Corp. shows a mildly bearish trend, with daily moving averages indicating bearishness, while mixed signals from weekly and monthly indicators create a cautious sentiment.
As of 13 June 2025, the technical trend for Mercantile Bank Corp. has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the weekly Dow Theory also reflecting a mildly bearish outlook. While the weekly MACD and KST are mildly bullish, they are countered by the monthly MACD and KST showing a bearish stance. The Bollinger Bands are bullish on both weekly and monthly time frames, but the overall sentiment remains cautious due to the mixed signals from other indicators.
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