Mercantile Bank Stock Technical Analysis
| MBWM Stock | USD 50.05 0.48 0.95% |
As of the 2nd of December, Mercantile Bank secures the Downside Deviation of 2.14, risk adjusted performance of 0.0557, and Mean Deviation of 1.8. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mercantile Bank, as well as the relationship between them. Please verify Mercantile Bank variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Mercantile Bank is priced some-what accurately, providing market reflects its recent price of 50.05 per share. Given that Mercantile Bank has jensen alpha of (0.15), we recommend you to check Mercantile Bank's last-minute market performance to make sure the company can sustain itself at a future point.
Mercantile Bank Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mercantile, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MercantileMercantile |
Mercantile Bank Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 39.0 | Buy | 5 | Odds |
Most Mercantile analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mercantile stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mercantile Bank, talking to its executives and customers, or listening to Mercantile conference calls.
Mercantile Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Mercantile Bank Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mercantile Bank volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mercantile Bank Trend Analysis
Use this graph to draw trend lines for Mercantile Bank. You can use it to identify possible trend reversals for Mercantile Bank as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mercantile Bank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mercantile Bank Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mercantile Bank applied against its price change over selected period. The best fit line has a slop of 0.13 , which means Mercantile Bank will continue generating value for investors. It has 122 observation points and a regression sum of squares at 633.29, which is the sum of squared deviations for the predicted Mercantile Bank price change compared to its average price change.About Mercantile Bank Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mercantile Bank on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mercantile Bank based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mercantile Bank price pattern first instead of the macroeconomic environment surrounding Mercantile Bank. By analyzing Mercantile Bank's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mercantile Bank's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mercantile Bank specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0331 | 0.0369 | 0.0325 | 0.0232 | Price To Sales Ratio | 3.12 | 2.79 | 2.97 | 4.06 |
Mercantile Bank December 2, 2024 Technical Indicators
Most technical analysis of Mercantile help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mercantile from various momentum indicators to cycle indicators. When you analyze Mercantile charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0557 | |||
| Market Risk Adjusted Performance | 0.0784 | |||
| Mean Deviation | 1.8 | |||
| Semi Deviation | 2.0 | |||
| Downside Deviation | 2.14 | |||
| Coefficient Of Variation | 1582.16 | |||
| Standard Deviation | 2.95 | |||
| Variance | 8.71 | |||
| Information Ratio | 0.0166 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.0684 | |||
| Maximum Drawdown | 22.73 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 3.92 | |||
| Downside Variance | 4.56 | |||
| Semi Variance | 4.01 | |||
| Expected Short fall | (2.22) | |||
| Skewness | 2.47 | |||
| Kurtosis | 13.97 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Dividend Share 1.4 | Earnings Share 4.96 | Revenue Per Share 13.795 | Quarterly Revenue Growth 0.036 |
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.