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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)

10 day averaged volume of Mercantile is 3571

Date Daily Closing Price Open High Low Volume
27 Fri May 2022 16.85 17.65 17.70 16.60 1.419 times
26 Thu May 2022 16.10 16.95 16.95 15.30 1.663 times
25 Wed May 2022 16.15 17.70 17.70 15.75 0.522 times
24 Tue May 2022 17.35 18.15 18.15 16.50 1.353 times
23 Mon May 2022 17.35 18.90 18.90 16.10 1.859 times
20 Fri May 2022 17.80 16.35 17.95 15.55 0.234 times
19 Thu May 2022 17.00 18.00 18.75 16.40 1.057 times
18 Wed May 2022 18.00 18.70 18.75 17.50 0.03 times
17 Tue May 2022 18.40 17.30 19.20 17.30 0.923 times
16 Mon May 2022 19.15 18.10 19.45 16.60 1.079 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.1, but if it comes above 17.1, then a intra day buy could be more profitable.
If you take a sell trade below 17.1, then use 17.1 as stoploss and 15.4 as target. However if you take a buy trade in stock , then use 17.1 as stoploss and 18.46 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 16.75
Upside Target 18.35
Upside Target 18.90
Upside Target 19.45
Upside Target 20.25
Upside Target 20.70
Upside Target 22.75
Upside Target 23.85
Upside Target 24.70
Upside Target 29.85

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 15.13
Downside Intraday Target 13.42
Upside Intraday Target 18.73
Upside Intraday Target 20.62
Upside Intraday Target 17.02

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
27 Fri May 2022 16.85 18.90 18.90 15.30 2.051 times
20 Fri May 2022 17.80 18.10 19.45 15.55 0.71 times
13 Fri May 2022 18.30 20.15 20.70 16.75 0.929 times
06 Fri May 2022 19.75 22.75 22.75 18.35 0.685 times
29 Fri Apr 2022 21.00 23.00 23.85 19.60 0.808 times

Price has moved down 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
27 Fri May 2022 16.85 22.75 22.75 15.30 0.701 times
29 Fri Apr 2022 21.00 18.65 23.85 17.20 1.258 times
31 Thu Mar 2022 17.90 19.55 20.25 16.90 1.189 times
28 Mon Feb 2022 18.95 22.65 24.70 17.25 0.424 times

Scroll below to view daily charts

Price has moved down 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 11, 16, 21 Sell
MACD -2, -1Sell
Stochastics 22Sell
CCI -40Buy
RSI 56Buy
OBV -34776Sell
VWAP 17Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mercantile ( (Mercantile) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mercantile stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.

Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 17.28 and Mercantile (Mercantile) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.

Mercantile Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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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Daily chart

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