Is Mercantile Bank Corp. technically bullish or bearish?
2025-10-28 11:38:58As 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 MACD is bearish on a weekly basis and mildly bearish monthly, while the Bollinger Bands show a bullish monthly signal but mildly bearish weekly. Moving averages indicate a mildly bullish daily trend. The KST and OBV are both mildly bearish on weekly and monthly time frames. There is no return data available for comparison with the S&P 500....
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2025-10-27 11:50:10As 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 different indicators. The weekly MACD is bearish, while the monthly MACD is mildly bearish. The daily moving averages indicate a mildly bullish trend. However, the Bollinger Bands show a mildly bearish signal on the weekly timeframe and bullish on the monthly. 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's one-week return of 4.50% outperformed the S&P 500's 1.92%, but it has underperformed over the longer terms, with a year-to-date return of 2.41% compared to the S&P 500's 15.47%. Overall, the mixed indicators suggest a cautious approach....
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