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(Mercantile) Mercantile complete technical analysis [charts+indicators] | Buy/Sell Mercantile | (Mercantile) share price targets

Complete technical analysis of Mercantile (Mercantile) by charts plus indicators, forecast predictions and share price targets for Mercantile (Mercantile)

10 day averaged volume of Mercantile is 3031

Date Daily Closing Price Open High Low Volume
20 Mon May 2024 22.20 22.20 22.20 22.20 0.004 times
17 Fri May 2024 21.62 20.22 21.70 20.16 1.843 times
16 Thu May 2024 21.21 22.20 22.29 21.21 1.368 times
15 Wed May 2024 22.32 22.20 22.49 20.90 1.132 times
14 Tue May 2024 22.00 22.19 22.19 20.98 0.554 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.7 or till 20.6. Use a stoploss of 22.63 and if the stock hits stoploss, then it can shoot up till 23.54

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 19.61
Downside Target 20.10
Downside Target 21.02
Downside Target 21.47
Downside Target 22.20
Upside Target 23.07
Upside Target 24.15
Upside Target 24.48
Upside Target 24.70
Upside Target 26.00
Upside Target 29.27
Upside Target 37.14

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 22.2
Downside Intraday Target 22.2
Downside Intraday Target 22.2
Downside Intraday Target 22.2
Downside Intraday Target 22.2

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
20 Mon May 2024 22.20 22.20 22.20 22.20 0.001 times
17 Fri May 2024 21.62 21.99 22.49 20.16 1.138 times
10 Fri May 2024 21.36 24.48 24.48 21.02 1.227 times
03 Fri May 2024 23.35 23.35 24.70 23.07 0.525 times
26 Fri Apr 2024 23.56 22.45 24.15 21.47 2.32 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mercantile (Mercantile)

Date Monthly Closing Price Open High Low Volume
20 Mon May 2024 22.20 24.00 24.70 20.16 0.562 times
30 Tue Apr 2024 24.00 20.15 24.30 19.61 0.873 times
28 Thu Mar 2024 20.55 23.85 26.00 20.10 0.568 times
29 Thu Feb 2024 23.95 28.91 29.27 23.20 0.164 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mercantile (Mercantile)

Indicator Name Indicator Value Indicator Signal
ADX 14, 20, 18 Sell
MACD -1, -1Sell
Stochastics 36None
CCI 81Buy
RSI 45Sell
OBV 14814Sell
VWAP 22Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mercantile ( (Mercantile) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mercantile stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantile Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Mercantile is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.78 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.

Mercantile Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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