Is Mercantile Bank Corp. technically bullish or bearish?

As of 24 October 2025, the technical trend for Mercantile Bank Corp. has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across various indicators. The weekly MACD is bearish, while the monthly MACD is mildly bearish. The daily moving averages indicate a mildly bullish sentiment. However, the Bollinger Bands show a mildly bearish trend on the weekly chart and bullish on the monthly chart. The KST and OBV are both mildly bearish on a weekly and monthly basis, and Dow Theory indicates no trend on the weekly and mildly bearish on the monthly.
In terms of performance, Mercantile Bank Corp. has outperformed the S&P 500 over the past week with a return of 4.50% compared to 1.92%, but it has underperformed over the longer terms, including a 1-month return of -1.09% versus 2.32% for the S&P 500. Overall, the mixed indicators suggest a cautious approach is warranted.