MACATAWA BANK CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	MCBC
ISIN:

MACATAWA BANK CORP. - Daily - Technical analysis published on 09/12/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

94%

My opinion

Bullish above 10.30 USD

My targets

10.57 USD (+0.57%)

10.86 USD (+3.33%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MACATAWA BANK CORP. as long as the price remains well above 10.30 USD. The buyers” bullish objective is set at 10.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.86 USD. If there is any crossing, the next objective would be the resistance located at 11.13 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MACATAWA BANK CORP. price is 10.51 USD. On the day, this instrument lost -0.19% and was between 10.51 USD and 10.51 USD. This implies that the price is at 0% from its lowest and at 0% from its highest.

10.51

Here is a more detailed summary of the historical variations registered by MACATAWA BANK CORP.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MACATAWA BANK CORP. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.32	9.72	10.30	10.51	10.57	10.86	11.13
Change (%)	-11.32%	-7.52%	-2.00%	-	+0.57%	+3.33%	+5.90%
Change	-1.19	-0.79	-0.21	-	+0.06	+0.35	+0.62
Level	Intermediate	Major	Intermediate	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.93	10.04	10.19	10.30	10.45	10.56	10.71
Camarilla	10.28	10.30	10.33	10.35	10.37	10.40	10.42
Woodie	9.96	10.05	10.22	10.31	10.48	10.57	10.74
Fibonacci	10.04	10.14	10.20	10.30	10.40	10.46	10.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.39	9.56	9.75	9.92	10.11	10.28	10.47
Camarilla	9.84	9.87	9.91	9.94	9.97	10.01	10.04
Woodie	9.40	9.57	9.76	9.93	10.12	10.29	10.48
Fibonacci	9.56	9.70	9.78	9.92	10.06	10.14	10.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.70	9.18	9.54	10.02	10.38	10.86	11.22
Camarilla	9.66	9.74	9.81	9.89	9.97	10.04	10.12
Woodie	8.63	9.15	9.47	9.99	10.31	10.83	11.15
Fibonacci	9.18	9.50	9.70	10.02	10.34	10.54	10.86

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.35
MACD (12,26,9):	0.0500
Directional Movement:	19.25
AROON (14):	78.57
DEMA (21):	10.08
Parabolic SAR (0,02-0,02-0,2):	9.75
Elder Ray (13):	0.38
Super Trend (3,10):	9.84
Zig ZAG (10):	10.53
VORTEX (21):	1.0200
Stochastique (14,3,5):	93.36
TEMA (21):	10.17
Williams %R (14):	-4.44
Chande Momentum Oscillator (20):	0.81
Repulse (5,40,3):	3.9900
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	2.69

MA7:	10.08
MA20:	9.99
MA50:	10.06
MA100:	10.20
MAexp7:	10.18
MAexp20:	10.05
MAexp50:	10.07
MAexp100:	10.16
Price / MA7:	+4.27%
Price / MA20:	+5.21%
Price / MA50:	+4.47%
Price / MA100:	+3.04%
Price / MAexp7:	+3.24%
Price / MAexp20:	+4.58%
Price / MAexp50:	+4.37%
Price / MAexp100:	+3.44%

News

The last news published on MACATAWA BANK CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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