Is Mercantile Bank Corp. technically bullish or bearish?

As of 10 October 2025, the technical trend for Mercantile Bank Corp. has changed from mildly bullish to mildly bearish. The current technical stance is mildly bearish, driven by weekly and monthly MACD and KST indicators, both showing a mildly bearish signal. The Bollinger Bands are bearish on the weekly timeframe, while the moving averages indicate a mildly bullish stance on the daily timeframe. The Dow Theory presents a mixed view, being mildly bearish weekly and mildly bullish monthly.
In terms of performance, the stock has underperformed the S&P 500 over the past month with a return of -7.67% compared to the S&P 500's 0.31%, although it has outperformed over the longer term, with a 5-year return of 111.24% versus the S&P 500's 88.45%.