Mercantile Bank Corporation

Stage 2 · Advancing · week 20

As of Oct 22, 2026, Mercantile Bank is in Stage 2, the uptrend phase, now in week 20 (since Jun 2, 2026). It closed at $60.42, 2.8% below its 52-week high and above its 200-day average, which is rising.

$60.42

+2.91% today

$1.0B · Small cap

Market Neutral — Building

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Steady

Edge

—

Setup-score rank among Stage 2 peers: #1 of 96 in Banks - Regional · #1 of 215 in Financials

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 16w

S2 20w

S2 16w

S2 20w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S2 8w → S3 5w → S2 16w → S3 10w → S2 20w → S3 4w → S2 16w → S3 4w → S2 1w → S3 2w → S4 8w → S1 3w → S2 12w → S3 11w → S2 20w → S3 4w → S2 20w current

Total tracked: 165 weeks across 17 stage runs.

MBWM among Banks - Regional107th of 319 by relative strength

All 319 →

Stocks in Banks - Regional ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	OPHCOptimumBank Holdings, Inc.	Stage 2 · wk 38	96	−1.0%
2	MSBIMidland States Bancorp, Inc.	Stage 2 · wk 43	95	+1.8%
3	CMTVCommunity Bancorp.	Stage 2 · wk 72	94	+11.5%
4	VBNKVersaBank	Stage 2 · wk 25	94	−0.9%
5	AMALAmalgamated Financial Corp.	Stage 3 · wk 2	94	+8.1%
6	BOTJBank of the James Financial Group, Inc.	Stage 2 · wk 58	93	+9.0%
7	ATLOAmes National Corporation	Stage 2 · wk 68	92	+9.5%
8	RBKBRhinebeck Bancorp, Inc.	Stage 2 · wk 38	92	+0.9%
…107	MBWMMercantile Bank Corporation	Stage 2 · wk 20	81	+3.0%

vs 52W High

-2.8%

$42.02 lo$62.14 hi

2.8% below 52W high, pullback range

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 20

1w13w26w

Week 20, proven structure

How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.

vs 200 DMA

10.8%

200 DMA: $54.51 · rising

Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.

Rel Volume

1.39x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

+3.0%

+4.0%

+20.9%

YTD

+29.7%

+38.6%

Scan Membership

Breakout Watch

Latest: 2025-03-27

12 appearances in last 60 days. First seen: 2019-03-11.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S2

Wk 20 · Vol 1.39x

2026-10-21S2

Wk 20 · Vol 1.19x

2026-10-20S2

Wk 20 · Vol 1.90x

2026-10-19S2

Wk 20 · Vol 1.16x

2026-10-16S2

Wk 20 · Vol 1.10x

2026-10-15S2

Wk 19 · Vol 0.89x

2026-10-14S2

Wk 19 · Vol 1.35x

2026-10-13S2

Wk 19 · Vol 0.75x

2026-10-12S2

Wk 19 · Vol 0.85x

2026-10-09S2

Wk 19 · Vol 1.20x

2026-10-08S2

Wk 18 · Vol 1.32x

2026-10-07S2

Wk 18 · Vol 1.00x

Moving averages & range

50 DMA

$59.63

200 DMA

$54.51

52W High

$62.14

52W Low

$42.02

5D Low

$58.42

Resistance levels (recent highs)

20d High

$60.42

60d High

$62.14

120d High

$62.14

250d High

$62.14

Next resistance

+2.8%

to 60d High

P/E (TTM)

10.8

Forward 10.3

Earnings Growth (YoY)

-4.8%

Revenue +17.1%

ROE

+13.6%

Profit margin +34.8%

Dividend Yield

2.73%

P/B 1.4

Mercantile Bank: quick answers

What stage is Mercantile Bank in?

As of Oct 22, 2026, Mercantile Bank (MBWM) is in Stage 2, the uptrend phase. It entered Stage 2 on Jun 2, 2026 and is in week 20. What the four stages mean

Is Mercantile Bank in an uptrend?

Yes. Mercantile Bank is in a Stage 2 uptrend. It trades 10.8% above its 200-day average, which is rising.

How far is Mercantile Bank from its 52-week high?

Mercantile Bank closed at $60.42 on Oct 22, 2026, 2.8% below its 52-week high of $62.14. Its 52-week low is $42.02.

How has Mercantile Bank performed over the past year?

As of Oct 22, 2026, Mercantile Bank is up 38.6% over the past year and up 29.7% so far in 2026.

Which sector and industry is Mercantile Bank in?

Mercantile Bank is in the Banks - Regional industry, part of the Financials sector.

About this companyFinancials· Banks - Regional

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.