Mercantile Bank (MBWM, $45.5) price may drop as it broke higher Bollinger Band on May 12, 2025

#RegionalBanks, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #SmallCap, #Russel2000
MBWM - Mercantile Bank Corp
Bollinger signal
Bearish Trend
67%
Odds of DOWN Trend
Price: $45.5
Daily change: +$1.74 (+3.98%)
Daily volume: 73.4K
Capitalization: $738.7M
Industry: Regional Banks

This price move could be a signal that MBWM may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 46 similar cases where MBWM's price broke its higher Bollinger Band, and 31 of them led to a successful outcome. Odds of Success: 67%.