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MBWM forms Hammer Candlestick on July 23

Mercantile Bank Corporation (MBWM) โ€” Nightly Technical Analysis ยท Jul 23, 2026, 17:37 ET
MBWM finished lower by 1.02% on Thursday, July 23rd, trading 0.2 times its typical volume. Mixed technical signals appeared with Hammer Candlestick suggesting upside potential, while Fell Below 20 DMA indicated possible weakness โ€” creating a conflicted technical picture. Key support levels exist at 56.59, 55.98 & 55.52, with resistance at 57.66, 58.12 & 58.73.

Current SwingTradeBot Technical Rating of MBWM: A

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Mercantile Bank Corporation (MBWM)