Macatawa Bank Stock Technical Analysis

MCBC Stock  USD 9.70  0.27  2.86%   
As of the 28th of March, Macatawa Bank secures the Risk Adjusted Performance of (0.06), standard deviation of 1.77, and Mean Deviation of 1.35. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Macatawa Bank, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed thirteen technical drivers for Macatawa Bank, which can be compared to its peers in the industry. Please verify Macatawa Bank standard deviation, maximum drawdown, kurtosis, as well as the relationship between the information ratio and potential upside to decide if Macatawa Bank is priced some-what accurately, providing market reflects its recent price of 9.7 per share. Given that Macatawa Bank has information ratio of (0.20), we recommend you to check Macatawa Bank's last-minute market performance to make sure the company can sustain itself at a future point.

Macatawa Bank Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Macatawa, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Macatawa
  
Macatawa Bank's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Macatawa Bank Analyst Consensus

Target PriceAdvice# of Analysts
11.17Strong Buy3Odds
Macatawa Bank current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Macatawa analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Macatawa stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Macatawa Bank, talking to its executives and customers, or listening to Macatawa conference calls.
Macatawa Analyst Advice Details
Macatawa Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Macatawa Bank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Macatawa Bank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Macatawa Bank Technical Analysis

Indicator
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Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Macatawa Bank volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Macatawa Bank Trend Analysis

Use this graph to draw trend lines for Macatawa Bank. You can use it to identify possible trend reversals for Macatawa Bank as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Macatawa Bank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Macatawa Bank Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Macatawa Bank applied against its price change over selected period. The best fit line has a slop of   0.03  , which may suggest that Macatawa Bank market price will keep on failing further. It has 122 observation points and a regression sum of squares at 28.31, which is the sum of squared deviations for the predicted Macatawa Bank price change compared to its average price change.

About Macatawa Bank Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Macatawa Bank on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Macatawa Bank based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Macatawa Bank price pattern first instead of the macroeconomic environment surrounding Macatawa Bank. By analyzing Macatawa Bank's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Macatawa Bank's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Macatawa Bank specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.03610.02890.02910.0231
Price To Sales Ratio3.7827.612.933.76

Macatawa Bank March 28, 2024 Technical Indicators

Most technical analysis of Macatawa help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Macatawa from various momentum indicators to cycle indicators. When you analyze Macatawa charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Macatawa Bank March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Macatawa stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Macatawa Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Macatawa Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Macatawa Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Macatawa Bank Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macatawa Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.
Note that the Macatawa Bank information on this page should be used as a complementary analysis to other Macatawa Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Macatawa Stock analysis

When running Macatawa Bank's price analysis, check to measure Macatawa Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macatawa Bank is operating at the current time. Most of Macatawa Bank's value examination focuses on studying past and present price action to predict the probability of Macatawa Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macatawa Bank's price. Additionally, you may evaluate how the addition of Macatawa Bank to your portfolios can decrease your overall portfolio volatility.
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Is Macatawa Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macatawa Bank. If investors know Macatawa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macatawa Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.21)
Dividend Share
0.33
Revenue Per Share
3.071
Quarterly Revenue Growth
(0.07)
Return On Assets
0.0153
The market value of Macatawa Bank is measured differently than its book value, which is the value of Macatawa that is recorded on the company's balance sheet. Investors also form their own opinion of Macatawa Bank's value that differs from its market value or its book value, called intrinsic value, which is Macatawa Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macatawa Bank's market value can be influenced by many factors that don't directly affect Macatawa Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macatawa Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Macatawa Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macatawa Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.