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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)

Showing technical analysis as on 2021-05-17 View latest technical analysis

10 day averaged volume of Mercantile is 12173

Date Daily Closing Price Open High Low Volume
17 Mon May 2021 18.15 17.60 19.00 17.00 0.847 times
14 Fri May 2021 17.60 17.60 20.50 17.60 1.867 times
12 Wed May 2021 17.60 15.35 18.00 14.05 3.682 times
11 Tue May 2021 15.00 14.80 17.80 14.80 2.539 times
10 Mon May 2021 14.90 14.05 16.00 14.05 0.23 times
07 Fri May 2021 15.40 15.55 15.85 14.85 0.057 times
06 Thu May 2021 15.40 14.20 15.40 14.20 0.482 times
05 Wed May 2021 15.15 15.90 16.00 14.50 0.594 times
04 Tue May 2021 14.90 15.35 16.00 14.35 0.151 times
03 Mon May 2021 15.15 13.25 15.20 13.25 0.204 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 17.7, for a target of 16.4 or 15.4

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 11.60
Downside Target 12.50
Downside Target 13.25
Downside Target 14.05
Downside Target 15.94
Downside Target 16.50
Downside Target 17.00
Downside Target 18.15
Upside Target 19.00
Upside Target 20.50

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 17.1
Downside Intraday Target 16.05
Upside Intraday Target 19.1
Upside Intraday Target 20.05
Downside Intraday Target 18.05

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
17 Mon May 2021 18.15 17.60 19.00 17.00 0.102 times
14 Fri May 2021 17.60 14.05 20.50 14.05 5.593 times
07 Fri May 2021 15.40 13.25 16.00 13.25 1.223 times
30 Fri Apr 2021 15.17 14.55 18.15 14.25 1.177 times
23 Fri Apr 2021 14.80 15.10 15.94 13.31 0.322 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
17 Mon May 2021 18.15 13.25 20.50 13.25 1.363 times
30 Fri Apr 2021 15.17 12.70 18.15 12.50 1.67 times
31 Wed Mar 2021 12.94 12.50 14.22 11.60 0.471 times
26 Fri Feb 2021 13.25 13.26 14.50 11.65 0.825 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 27, 14, 33 Buy
MACD 1, 1Buy
Stochastics 72Buy
CCI 131Sell
RSI 67Buy
OBV 83700Sell
VWAP 17Buy
ADL 0Sell
ROC 20Buy
Force Index 0Sell

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 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mercantile in short term and the buy signal is strong.

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

Mercantile Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 moving up

CCI has generated a SELL signal for Mercantile in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16.63 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 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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