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(Mercantile) Mercantile Renko charts technical analysis

(Mercantile) Mercantile Renko charts technical analysis Renko analysis of Mercantile | Buy/Sell Mercantile

10 day averaged volume of Mercantile is 4465

Date Closing Price Open High Low Volume
31 Tue Jan 2023 18.60 18.25 18.65 17.90 0.002 Mn
30 Mon Jan 2023 18.60 18.70 18.70 17.65 0.002 Mn
27 Fri Jan 2023 18.65 19.50 19.50 17.95 0.003 Mn
25 Wed Jan 2023 18.65 18.20 19.00 17.65 0.007 Mn
24 Tue Jan 2023 18.55 19.60 19.60 18.50 0.004 Mn
23 Mon Jan 2023 19.30 18.95 19.50 18.30 0.015 Mn
20 Fri Jan 2023 17.85 17.50 18.00 17.50 0.003 Mn
19 Thu Jan 2023 17.55 18.05 18.65 17.40 0.003 Mn
18 Wed Jan 2023 17.65 18.00 18.40 17.40 0.001 Mn
17 Tue Jan 2023 17.65 18.35 18.85 17.30 0.006 Mn

Indicators analysis of Mercantile (Mercantile)

Price action analysis of Mercantile ( (Mercantile) ) based on a short 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Mercantile in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying 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 18.56 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Mercantile Stock is giving positive 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.

Renko charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Renko chart
Indicator Name Indicator Value Indicator Signal
ADX 18, 14, 14 Buy
MACD -0, -0Buy
Stochastics 54None
CCI 12Buy
RSI 54Buy
OBV 13691Sell
VWAP 19Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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