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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 2021-09-17 View latest technical analysis

10 day averaged volume of Mercantile is 3685

Date Daily Closing Price Open High Low Volume
17 Fri Sep 2021 15.53 16.95 16.95 15.02 1.504 times
16 Thu Sep 2021 15.95 15.25 15.95 14.61 0.893 times
15 Wed Sep 2021 15.59 14.70 15.70 14.20 2.145 times
14 Tue Sep 2021 14.94 15.34 15.34 14.31 0.475 times
13 Mon Sep 2021 15.25 14.45 15.25 14.00 1.478 times
09 Thu Sep 2021 14.57 15.73 15.73 14.21 0.883 times
08 Wed Sep 2021 14.77 14.98 14.98 14.27 0.412 times
07 Tue Sep 2021 14.64 15.25 15.25 14.11 2.828 times
06 Mon Sep 2021 14.83 13.50 15.39 13.50 0.08 times
03 Fri Sep 2021 14.92 13.86 15.95 13.20 0.484 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 15.3, but if it comes below 15.3, then a intra day sell could be more profitable.
If you take a sell trade below 15.3, then use 15.3 as stoploss and 14.76 as target. However if you take a buy trade in stock , then use 15.3 as stoploss and 15.9 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 13.05
Downside Target 14.00
Downside Target 15.00
Upside Target 15.73
Upside Target 16.05
Upside Target 16.10
Upside Target 16.95
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 14.04
Downside Intraday Target 12.54
Upside Intraday Target 16.99
Upside Intraday Target 18.44
Downside Intraday Target 15.49

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
17 Fri Sep 2021 15.53 14.45 16.95 14.00 1.545 times
09 Thu Sep 2021 14.57 13.50 15.73 13.50 1.889 times
03 Fri Sep 2021 14.92 15.75 15.95 13.20 0.24 times
27 Fri Aug 2021 14.25 14.00 15.75 13.30 2.285 times
20 Fri Aug 2021 13.85 16.10 16.10 13.05 0.634 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
17 Fri Sep 2021 15.53 14.90 16.95 13.20 0.436 times
31 Tue Aug 2021 14.90 17.00 18.50 13.05 0.776 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

Scroll below to view daily charts

Price has moved up 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 24, 7, 57 Buy
MACD -0, -1Buy
Stochastics 83Buy
CCI 180Buy
RSI 51Buy
OBV 11942Sell
VWAP 15Buy
ADL 0Sell
ROC 7Buy
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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 buy signal for Mercantile in short term and BUY 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

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 15.15 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.

Mercantile Stock is giving positive 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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