(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, -1 | Sell |
Stochastics | 36 | None |
CCI | 81 | Buy |
RSI | 45 | Sell |
OBV | 14814 | Sell |
VWAP | 22 | Buy |
ADL | 0 | Sell |
ROC | -3 | Sell |
Force Index | 0 | Sell |
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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