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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 2312

Date Daily Closing Price Open High Low Volume
16 Tue Aug 2022 17.65 17.65 18.30 17.30 2.886 times
12 Fri Aug 2022 18.30 18.45 18.45 17.55 0.841 times
11 Thu Aug 2022 18.40 18.75 18.75 17.70 0.534 times
10 Wed Aug 2022 17.75 18.20 18.60 17.70 0.896 times
08 Mon Aug 2022 18.05 17.65 18.80 17.65 0.084 times
05 Fri Aug 2022 18.45 17.55 18.70 17.55 0.388 times
04 Thu Aug 2022 18.00 18.00 18.00 17.70 0.259 times
03 Wed Aug 2022 18.70 20.90 20.90 17.55 1.651 times
02 Tue Aug 2022 18.10 17.50 18.40 17.50 1.231 times
01 Mon Aug 2022 17.50 18.50 19.25 17.40 1.454 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 bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.7, but if it comes above 17.7, then a intra day buy could be more profitable.
If you take a sell trade below 17.7, then use 17.7 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 17.7 as stoploss and 18.08 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 15.70
Downside Target 16.05
Downside Target 16.80
Downside Target 17.20
Upside Target 18.30
Upside Target 18.80
Upside Target 19.70
Upside Target 19.80
Upside Target 20.90
Upside Target 21.75
Upside Target 22.75
Upside Target 23.85

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 17.2
Downside Intraday Target 16.75
Upside Intraday Target 18.2
Upside Intraday Target 18.75
Upside Intraday Target 17.75

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
16 Tue Aug 2022 17.65 17.65 18.30 17.30 1.226 times
12 Fri Aug 2022 18.30 17.65 18.80 17.55 0.473 times
05 Fri Aug 2022 18.45 18.50 20.90 17.40 0.73 times
30 Sat Jul 2022 18.20 18.50 19.80 17.25 0.83 times
22 Fri Jul 2022 18.50 16.80 19.70 16.80 1.192 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
16 Tue Aug 2022 17.65 18.50 20.90 17.30 0.367 times
30 Sat Jul 2022 18.20 18.50 19.80 15.70 1.07 times
30 Thu Jun 2022 16.60 20.60 21.75 16.05 0.788 times
31 Tue May 2022 18.90 22.75 22.75 15.30 0.754 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 22, 6, 59 Buy
MACD 0, 0Sell
Stochastics 21Sell
CCI -121Sell
RSI 52Buy
OBV 3284Sell
VWAP 18Sell
ADL 0Sell
ROC -3Sell
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

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mercantile in short term but the sell signal is initial and weak.

Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 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.

Click here for Mercantile charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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