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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 2021-06-04 View latest technical analysis

10 day averaged volume of Mercantile is 8438

Date Daily Closing Price Open High Low Volume
04 Fri Jun 2021 19.75 20.00 20.00 18.05 2.405 times
03 Thu Jun 2021 19.75 20.45 20.90 17.50 3.602 times
02 Wed Jun 2021 17.50 16.05 17.90 16.05 0.326 times
01 Tue Jun 2021 17.05 17.95 19.65 16.60 0.848 times
31 Mon May 2021 17.60 17.75 17.85 17.00 0.416 times
28 Fri May 2021 17.40 19.55 19.55 16.60 1.359 times
27 Thu May 2021 19.15 18.65 19.50 17.55 1.029 times
26 Wed May 2021 18.50 18.85 19.50 18.50 1.04 times
25 Tue May 2021 18.50 17.00 19.85 17.00 0.905 times
24 Mon May 2021 16.90 17.90 17.90 16.30 0.167 times

Stock of Mercantile (Mercantile) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.8, but if it comes below 18.8, then a intra day sell could be more profitable.
If you take a sell trade below 18.8, then use 18.8 as stoploss and 17.47 as target. However if you take a buy trade in stock , then use 18.8 as stoploss and 20.3 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 15.60
Downside Target 16.00
Downside Target 18.15
Downside Target 19.00
Upside Target 19.85
Upside Target 20.50
Upside Target 20.90

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 16.9
Downside Intraday Target 14.05
Upside Intraday Target 21.75
Upside Intraday Target 23.75
Downside Intraday Target 18.9

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
04 Fri Jun 2021 19.75 17.75 20.90 16.05 1.689 times
28 Fri May 2021 17.40 17.90 19.85 16.30 1.123 times
21 Fri May 2021 17.00 17.60 19.00 15.60 0.334 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mercantile (Mercantile)

Date Monthly Closing Price Open High Low Volume
04 Fri Jun 2021 19.75 17.95 20.90 16.05 0.311 times
31 Mon May 2021 17.60 13.25 20.50 13.25 2.046 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

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 29, 12, 41 Buy
MACD 2, 2Buy
Stochastics 66None
CCI 97Sell
RSI 62Buy
OBV 128180Sell
VWAP 19Buy
ADL 0Sell
ROC 16Buy
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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. 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 coming down

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 18.87 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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