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MBWM forms Non-ADX 1,2,3,4 Bullish on September 12

Mercantile Bank Corporation (MBWM) Technical Analysis, Stock Scans & Trading Signals · Sep 12, 2025, 17:35 ET
MBWM closed down 1.28% on Friday, September 12th, with volume running 0.4× below average. Mixed technical signals appeared with Non-ADX 1,2,3,4 Bullish suggesting upside potential, while Fell Below 20 DMA indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 47.4, 47.08 & 46.63, with resistance at 48.18, 48.63 & 48.95.

Current SwingTradeBot Technical Rating of MBWM: C

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