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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 3856

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 18.40 17.30 19.20 17.30 0.855 times
16 Mon May 2022 19.15 18.10 19.45 16.60 0.999 times
13 Fri May 2022 18.30 18.80 20.10 16.75 1.185 times
12 Thu May 2022 18.40 19.70 19.75 17.80 0.753 times
11 Wed May 2022 18.35 19.40 20.70 17.50 1.335 times
10 Tue May 2022 19.40 18.55 20.65 18.55 0.668 times
09 Mon May 2022 19.65 20.15 20.70 18.40 0.393 times
06 Fri May 2022 19.75 19.75 20.00 18.35 0.284 times
05 Thu May 2022 19.80 18.35 20.00 18.35 0.922 times
04 Wed May 2022 19.90 21.70 21.75 18.90 1.397 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 18.9, but if it comes above 18.9, then a intra day buy could be more profitable.
If you take a sell trade below 18.9, then use 18.9 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 18.9 as stoploss and 20.22 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 16.60
Downside Target 18.35
Upside Target 19.20
Upside Target 20.25
Upside Target 20.70
Upside Target 22.75
Upside Target 22.90
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 16.85
Downside Intraday Target 15.3
Upside Intraday Target 19.7
Upside Intraday Target 21
Downside Intraday Target 18.15

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 18.40 18.10 19.45 16.60 0.428 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
22 Fri Apr 2022 22.45 20.75 22.90 19.20 2.114 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
17 Tue May 2022 18.40 22.75 22.75 16.60 0.414 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 9, 13, 21 Sell
MACD -1, -0Sell
Stochastics 33None
CCI -93Sell
RSI 57Buy
OBV 3499Sell
VWAP 19Sell
ADL 0Sell
ROC -10Sell
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 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 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

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

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

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 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 coming down

CCI has generated a SELL signal for Mercantile in short term and SELL 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 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 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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Daily chart

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