Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2021-08-26 View latest technical analysis

10 day averaged volume of Mercantile is 5019

Date Daily Closing Price Open High Low Volume
26 Thu Aug 2021 14.50 15.00 15.00 13.95 1.998 times
25 Wed Aug 2021 14.70 14.85 15.75 14.05 2.328 times
24 Tue Aug 2021 14.50 14.40 14.50 13.30 1.174 times
23 Mon Aug 2021 14.05 14.00 15.00 13.40 1.058 times
20 Fri Aug 2021 13.85 14.00 14.45 13.40 0.685 times
18 Wed Aug 2021 13.75 14.70 14.70 13.15 0.771 times
17 Tue Aug 2021 14.40 14.40 14.40 13.05 0.484 times
16 Mon Aug 2021 14.00 16.10 16.10 13.80 1.042 times
13 Fri Aug 2021 14.95 16.75 16.75 14.40 0.864 times
12 Thu Aug 2021 15.40 15.40 15.40 14.50 0.327 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 14.2 as stoploss in an intra day buy trade for a target of 15.4. However, stock will show a bearish move below 14.2.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 12.50
Downside Target 13.05
Upside Target 15.00
Upside Target 15.75
Upside Target 16.85
Upside Target 17.95
Upside Target 18.15
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 13.28
Downside Intraday Target 12.07
Upside Intraday Target 15.73
Upside Intraday Target 16.97
Upside Intraday Target 14.52

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
26 Thu Aug 2021 14.50 14.00 15.75 13.30 2.199 times
20 Fri Aug 2021 13.85 16.10 16.10 13.05 0.634 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mercantile (Mercantile)

Date Monthly Closing Price Open High Low Volume
26 Thu Aug 2021 14.50 17.00 18.50 13.05 0.743 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 19, 15, 10 Buy
MACD -1, -1Buy
Stochastics 41None
CCI 7Sell
RSI 45Sell
OBV -21047Sell
VWAP 14Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 14.41 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

Click here for Mercantile charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme