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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 2021-06-10 View latest technical analysis

10 day averaged volume of Mercantile is 11033

Date Daily Closing Price Open High Low Volume
10 Thu Jun 2021 19.75 20.45 20.50 19.25 0.32 times
09 Wed Jun 2021 19.05 18.75 20.65 18.20 0.409 times
08 Tue Jun 2021 19.10 20.15 21.00 18.50 0.607 times
07 Mon Jun 2021 19.15 19.75 20.90 18.25 1.346 times
04 Fri Jun 2021 19.75 20.00 20.00 18.05 1.839 times
03 Thu Jun 2021 19.75 20.45 20.90 17.50 2.755 times
02 Wed Jun 2021 17.50 16.05 17.90 16.05 0.249 times
01 Tue Jun 2021 17.05 17.95 19.65 16.60 0.649 times
31 Mon May 2021 17.60 17.75 17.85 17.00 0.318 times
28 Fri May 2021 17.40 19.55 19.55 16.60 1.039 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 19.2, but if it comes below 19.2, then a intra day sell could be more profitable.
If you take a sell trade below 19.2, then use 19.2 as stoploss and 18.18 as target. However if you take a buy trade in stock , then use 19.2 as stoploss and 20.4 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 15.60
Downside Target 16.05
Downside Target 18.15
Downside Target 19.00
Upside Target 19.85
Upside Target 20.50
Upside Target 20.90
Upside Target 21.00

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 18.3
Downside Intraday Target 16.85
Upside Intraday Target 21.1
Upside Intraday Target 22.45
Downside Intraday Target 19.65

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
10 Thu Jun 2021 19.75 19.75 21.00 18.20 0.462 times
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

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
10 Thu Jun 2021 19.75 17.95 21.00 16.05 0.463 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 23, 10, 41 Buy
MACD 2, 2Buy
Stochastics 66None
CCI 83Buy
RSI 65Buy
OBV 71661Sell
VWAP 19Buy
ADL 0Sell
ROC 3Buy
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 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 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 but buying is losing 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 19.02 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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Daily charts

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