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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 2021-08-18 View latest technical analysis

10 day averaged volume of Mercantile is 4947

Date Daily Closing Price Open High Low Volume
18 Wed Aug 2021 13.75 14.70 14.70 13.15 0.783 times
17 Tue Aug 2021 14.40 14.40 14.40 13.05 0.491 times
16 Mon Aug 2021 14.00 16.10 16.10 13.80 1.057 times
13 Fri Aug 2021 14.95 16.75 16.75 14.40 0.876 times
12 Thu Aug 2021 15.40 15.40 15.40 14.50 0.332 times
11 Wed Aug 2021 14.65 14.35 15.75 13.80 1.285 times
10 Tue Aug 2021 14.95 16.40 16.40 13.55 2.018 times
09 Mon Aug 2021 16.40 16.45 16.85 16.30 0.259 times
06 Fri Aug 2021 16.30 16.70 17.00 16.20 0.762 times
05 Thu Aug 2021 16.45 17.45 17.60 16.40 0.146 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 13.4, for a target of 14.9 or 16.12

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 12.5
Downside Intraday Target 11.25
Upside Intraday Target 15.55
Upside Intraday Target 17.35
Upside Intraday Target 14.3

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
18 Wed Aug 2021 13.75 16.10 16.10 13.05 0.489 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
18 Wed Aug 2021 13.75 17.00 18.50 13.05 0.467 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, 22, 29 Sell
MACD -2, -1Sell
Stochastics 16Sell
CCI -109Sell
RSI 48Sell
OBV -36923Sell
VWAP 15Sell
ADL 0Sell
ROC -18Sell
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 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 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 getting stronger in this stock.

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 SELL signal in short term and selling is picking up 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 14.85 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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