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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 2021-06-14 View latest technical analysis

10 day averaged volume of Mercantile is 9421

Date Daily Closing Price Open High Low Volume
14 Mon Jun 2021 20.35 20.80 20.80 17.40 1.493 times
11 Fri Jun 2021 19.85 19.75 20.30 18.20 0.053 times
10 Thu Jun 2021 19.75 20.45 20.50 19.25 0.375 times
09 Wed Jun 2021 19.05 18.75 20.65 18.20 0.479 times
08 Tue Jun 2021 19.10 20.15 21.00 18.50 0.711 times
07 Mon Jun 2021 19.15 19.75 20.90 18.25 1.577 times
04 Fri Jun 2021 19.75 20.00 20.00 18.05 2.154 times
03 Thu Jun 2021 19.75 20.45 20.90 17.50 3.226 times
02 Wed Jun 2021 17.50 16.05 17.90 16.05 0.292 times
01 Tue Jun 2021 17.05 17.95 19.65 16.60 0.76 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 19.5, but if it comes below 19.5, then a intra day sell could be more profitable.
If you take a sell trade below 19.5, then use 19.5 as stoploss and 18.4 as target. However if you take a buy trade in stock , then use 19.5 as stoploss and 20.9 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 14.22
Downside Target 15.60
Downside Target 16.05
Downside Target 17.40
Downside Target 18.15
Downside Target 19.00
Downside Target 19.85
Upside Target 20.50
Upside Target 20.80
Upside Target 20.90
Upside Target 21.00

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 18.23
Downside Intraday Target 16.12
Upside Intraday Target 21.63
Upside Intraday Target 22.92
Downside Intraday Target 19.52

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
14 Mon Jun 2021 20.35 20.80 20.80 17.40 0.467 times
11 Fri Jun 2021 19.85 19.75 21.00 18.20 0.47 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

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
14 Mon Jun 2021 20.35 17.95 21.00 16.05 0.538 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 18, 15, 9 Buy
MACD 2, 2Buy
Stochastics 79Buy
CCI 47Buy
RSI 63Buy
OBV 41405Sell
VWAP 19Buy
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 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 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 Weak 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 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 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 19.43 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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