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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 6899

Date Daily Closing Price Open High Low Volume
25 Tue Jan 2022 22.95 22.75 24.20 22.75 0.389 times
24 Mon Jan 2022 23.20 24.50 24.50 23.10 0.942 times
21 Fri Jan 2022 24.30 24.25 24.50 23.05 0.836 times
20 Thu Jan 2022 24.25 24.65 24.85 23.30 0.372 times
19 Wed Jan 2022 24.50 25.00 25.95 23.95 0.594 times
18 Tue Jan 2022 25.20 26.45 26.45 24.65 0.643 times
17 Mon Jan 2022 25.90 24.85 26.60 24.10 1.373 times
14 Fri Jan 2022 25.35 26.70 26.70 24.25 0.944 times
13 Thu Jan 2022 25.50 26.30 26.30 25.00 0.902 times
12 Wed Jan 2022 26.30 26.95 27.85 25.35 1.132 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.1, but if it comes above 24.1, then a intra day buy could be more profitable.
If you take a sell trade below 24.1, then use 24.1 as stoploss and 22 as target. However if you take a buy trade in stock , then use 24.1 as stoploss and 25.82 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 13.20
Downside Target 14.00
Downside Target 14.30
Downside Target 16.10
Downside Target 18.50
Downside Target 20.95
Downside Target 22.75
Upside Target 24.05
Upside Target 26.60
Upside Target 27.85
Upside Target 29.85
Upside Target 32.30

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 22.3
Downside Intraday Target 21.65
Upside Intraday Target 24.05
Upside Intraday Target 25.15
Upside Intraday Target 23.4

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
25 Tue Jan 2022 22.95 24.50 24.50 22.75 0.349 times
21 Fri Jan 2022 24.30 24.85 26.60 23.05 0.459 times
14 Fri Jan 2022 25.35 24.80 27.85 24.05 1.035 times
07 Fri Jan 2022 25.30 26.85 29.85 24.10 0.109 times
31 Fri Dec 2021 27.40 20.95 32.30 20.95 5.837 times

Price has moved down 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
25 Tue Jan 2022 22.95 26.85 29.85 22.75 0.198 times
31 Fri Dec 2021 27.40 14.40 32.30 14.30 12.706 times
30 Tue Nov 2021 15.22 15.08 16.10 13.32 0.707 times
29 Fri Oct 2021 14.65 16.90 18.50 14.00 0.811 times

Scroll below to view daily charts

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, 15, 3 Sell
MACD 2, 3Sell
Stochastics 11Sell
CCI -117Sell
RSI 61Buy
OBV 132355Sell
VWAP 25Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Mercantile in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 25 and Mercantile (Mercantile) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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

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Daily charts

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