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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 2021-08-17 View latest technical analysis

10 day averaged volume of Mercantile is 5186

Date Daily Closing Price Open High Low Volume
17 Tue Aug 2021 14.40 14.40 14.40 13.05 0.469 times
16 Mon Aug 2021 14.00 16.10 16.10 13.80 1.009 times
13 Fri Aug 2021 14.95 16.75 16.75 14.40 0.836 times
12 Thu Aug 2021 15.40 15.40 15.40 14.50 0.317 times
11 Wed Aug 2021 14.65 14.35 15.75 13.80 1.225 times
10 Tue Aug 2021 14.95 16.40 16.40 13.55 1.925 times
09 Mon Aug 2021 16.40 16.45 16.85 16.30 0.247 times
06 Fri Aug 2021 16.30 16.70 17.00 16.20 0.727 times
05 Thu Aug 2021 16.45 17.45 17.60 16.40 0.139 times
04 Wed Aug 2021 16.85 17.55 18.50 16.80 2.647 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 15.2, but if it comes above 15.2, then a intra day buy could be more profitable.
If you take a sell trade below 15.2, then use 15.2 as stoploss and 13.8 as target. However if you take a buy trade in stock , then use 15.2 as stoploss and 16.3 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 12.50
Downside Target 13.05
Downside Target 13.55
Upside Target 15.00
Upside Target 16.05
Upside Target 16.85
Upside Target 17.95
Upside Target 18.40
Upside Target 18.50
Upside Target 20.00
Upside Target 20.50
Upside Target 21.00

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 12.93
Downside Intraday Target 11.47
Upside Intraday Target 15.98
Upside Intraday Target 17.57
Upside Intraday Target 14.52

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
17 Tue Aug 2021 14.40 16.10 16.10 13.05 0.325 times
13 Fri Aug 2021 14.95 16.45 16.85 13.55 0.898 times
06 Fri Aug 2021 16.30 17.00 18.50 16.20 1.468 times
30 Fri Jul 2021 16.85 17.15 17.95 16.05 1.116 times
23 Fri Jul 2021 17.30 17.70 18.40 16.20 0.31 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
17 Tue Aug 2021 14.40 17.00 18.50 13.05 0.437 times
30 Fri Jul 2021 16.85 19.40 20.00 16.05 0.554 times
30 Wed Jun 2021 18.50 17.95 21.00 15.00 1.219 times
31 Mon May 2021 17.60 13.25 20.50 13.25 2.046 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 12, 25, 36 Sell
MACD -1, -1Sell
Stochastics 21Sell
CCI -114Sell
RSI 49Sell
OBV -29860Sell
VWAP 15Sell
ADL 0Sell
ROC -19Sell
Force Index 0Sell

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 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 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 gaining 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 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 SELL signal for Mercantile in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 15.49 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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