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MBWM forms Pocket Pivot on September 17

Mercantile Bank Corporation (MBWM) — SwingTradeBot Technical Analysis Report · Sep 17, 2025, 17:51 ET
On Wednesday, September 17th, MBWM moved up 0.02% while volume was to 1.0× the usual levels. Mixed technical signals appeared with Pocket Pivot suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 46.08, 45.36 & 44.33, with resistance at 47.83, 48.86 & 49.58. Meanwhile, Slow Stochastic is showing oversold conditions.

Current SwingTradeBot Technical Rating of MBWM: D

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Mercantile Bank Corporation (MBWM)