Macatawa Bank Stock Technical Analysis
MCBC Stock | USD 14.28 0.02 0.14% |
As of the 24th of April, Macatawa Bank secures the Mean Deviation of 2.09, risk adjusted performance of 0.0772, and Downside Deviation of 2.0. 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 nineteen technical drivers for Macatawa Bank, which can be compared to its peers in the industry. Please verify Macatawa Bank information ratio, value at risk, and the relationship between the standard deviation and treynor ratio to decide if Macatawa Bank is priced some-what accurately, providing market reflects its recent price of 14.28 per share. Given that Macatawa Bank has jensen alpha of 0.5206, 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 MacatawaMacatawa |
Macatawa Bank Analyst Consensus
Target Price | Advice | # of Analysts | |
11.17 | Strong Buy | 3 | Odds |
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 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.
Macatawa Bank Technical Analysis
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 0.02 , which means Macatawa Bank will continue generating value for investors. It has 122 observation points and a regression sum of squares at 19.67, 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 Yield | 0.0361 | 0.0289 | 0.0291 | 0.0231 | Price To Sales Ratio | 3.78 | 27.64 | 2.93 | 3.76 |
Macatawa Bank April 24, 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0772 | |||
Market Risk Adjusted Performance | 1.7 | |||
Mean Deviation | 2.09 | |||
Semi Deviation | 1.67 | |||
Downside Deviation | 2.0 | |||
Coefficient Of Variation | 900.29 | |||
Standard Deviation | 5.01 | |||
Variance | 25.08 | |||
Information Ratio | 0.0933 | |||
Jensen Alpha | 0.5206 | |||
Total Risk Alpha | (0.1) | |||
Sortino Ratio | 0.2339 | |||
Treynor Ratio | 1.69 | |||
Maximum Drawdown | 37.52 | |||
Value At Risk | (2.77) | |||
Potential Upside | 3.55 | |||
Downside Variance | 3.99 | |||
Semi Variance | 2.77 | |||
Expected Short fall | (2.74) | |||
Skewness | 6.39 | |||
Kurtosis | 47.8 |
Macatawa Bank April 24, 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.
Accumulation Distribution | 3,032 | ||
Daily Balance Of Power | 0.09 | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 14.34 | ||
Day Typical Price | 14.32 | ||
Price Action Indicator | (0.05) |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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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.