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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 2021-05-20 View latest technical analysis

10 day averaged volume of Mercantile is 13144

Date Daily Closing Price Open High Low Volume
20 Thu May 2021 17.50 17.00 18.80 16.25 1.127 times
19 Wed May 2021 16.85 17.50 17.90 16.05 0.111 times
18 Tue May 2021 17.25 18.15 18.20 17.00 0.353 times
17 Mon May 2021 18.15 17.60 19.00 17.00 0.784 times
14 Fri May 2021 17.60 17.60 20.50 17.60 1.729 times
12 Wed May 2021 17.60 15.35 18.00 14.05 3.41 times
11 Tue May 2021 15.00 14.80 17.80 14.80 2.352 times
10 Mon May 2021 14.90 14.05 16.00 14.05 0.213 times
07 Fri May 2021 15.40 15.55 15.85 14.85 0.052 times
06 Thu May 2021 15.40 14.20 15.40 14.20 0.446 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16.9, but if it comes below 16.9, then a intra day sell could be more profitable.
If you take a sell trade below 16.9, then use 16.9 as stoploss and 15.77 as target. However if you take a buy trade in stock , then use 16.9 as stoploss and 18.4 as target.

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 16.05
Downside Target 16.50
Upside Target 18.15
Upside Target 19.00
Upside Target 20.50

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 16.03
Downside Intraday Target 14.57
Upside Intraday Target 18.98
Upside Intraday Target 20.47
Upside Intraday Target 17.52

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
20 Thu May 2021 17.50 17.60 19.00 16.05 0.308 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 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
20 Thu May 2021 17.50 13.25 20.50 13.25 1.582 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Mercantile (Mercantile)

Indicator Name Indicator Value Indicator Signal
ADX 25, 14, 26 Buy
MACD 2, 1Buy
Stochastics 49None
CCI 55Buy
RSI 63Buy
OBV 108344Sell
VWAP 17Buy
ADL 0Sell
ROC 16Buy
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 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 gaining 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 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 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 buy signal for Mercantile in short term and BUY 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 16.87 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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