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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 4400

Date Daily Closing Price Open High Low Volume
30 Mon Jan 2023 18.60 18.70 18.70 17.65 0.431 times
27 Fri Jan 2023 18.65 19.50 19.50 17.95 0.617 times
25 Wed Jan 2023 18.65 18.20 19.00 17.65 1.576 times
24 Tue Jan 2023 18.55 19.60 19.60 18.50 0.98 times
23 Mon Jan 2023 19.30 18.95 19.50 18.30 3.321 times
20 Fri Jan 2023 17.85 17.50 18.00 17.50 0.608 times
19 Thu Jan 2023 17.55 18.05 18.65 17.40 0.679 times
18 Wed Jan 2023 17.65 18.00 18.40 17.40 0.238 times
17 Tue Jan 2023 17.65 18.35 18.85 17.30 1.476 times
16 Mon Jan 2023 18.35 19.00 19.00 18.15 0.223 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 18.7 as stoploss in an intra day sell trade for a target of 18.2. However, stock will show a bullish move above 18.7.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 16.25
Downside Target 17.25
Downside Target 18.45
Upside Target 19.00
Upside Target 19.60
Upside Target 20.00
Upside Target 20.80
Upside Target 21.20
Upside Target 22.75
Upside Target 23.70

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 17.93
Downside Intraday Target 17.27
Upside Intraday Target 18.98
Upside Intraday Target 19.37
Downside Intraday Target 18.32

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
30 Mon Jan 2023 18.60 18.70 18.70 17.65 0.066 times
27 Fri Jan 2023 18.65 18.95 19.60 17.65 2.014 times
20 Fri Jan 2023 17.85 19.00 19.00 17.30 0.429 times
13 Fri Jan 2023 18.60 18.20 20.00 17.70 1.82 times
06 Fri Jan 2023 18.20 18.30 18.45 17.25 0.799 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
30 Mon Jan 2023 18.60 18.30 20.00 17.25 1.295 times
30 Fri Dec 2022 17.75 18.90 20.80 16.25 0.768 times
30 Wed Nov 2022 19.05 20.15 21.20 17.25 2.102 times
31 Mon Oct 2022 19.25 21.00 23.70 17.65 0.329 times

Scroll below to view daily charts

Price has moved up 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 19, 15, 12 Buy
MACD -0, -0Buy
Stochastics 52None
CCI -2Sell
RSI 54Buy
OBV 11285Sell
VWAP 19Buy
ADL 0Sell
ROC 0Sell
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short 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 short 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.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid 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 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 losing 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 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 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 18.55 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.

Click here for Mercantile charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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