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Based on Mercantile Bank's 15-minute chart, the MACD indicator has recently triggered a bearish signal, commonly referred to as a "Death Cross." This indicates that the stock price has the potential to continue declining, as sellers are currently dominating the market and bearish momentum is likely to persist. Furthermore, the presence of a "Bearish Marubozu" candlestick pattern at 09/04/2025 12:30 reinforces this negative trend, suggesting that the stock price may experience further downward pressure.
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