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Based on Mercantile Bank's 15-minute chart, the MACD indicator has triggered a "Death Cross," the KDJ indicator has triggered a "Death Cross," and the stock price has formed a "Bearish Marubozu" candlestick pattern at 12:30 on 04/12/2025. These technical indicators suggest that the stock price has the potential to continue declining, with a shift in momentum towards the downside and a potential for further decreases. The market is currently being dominated by sellers, and it is likely that bearish momentum will continue.
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