(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)
Intraday share price targets for Mercantile (Mercantile)
|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|
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.