(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 2190
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Thu Aug 2022 | 17.85 | 16.05 | 18.45 | 16.05 | 1.594 times |
| 17 Wed Aug 2022 | 17.95 | 17.65 | 18.30 | 17.35 | 0.74 times |
| 16 Tue Aug 2022 | 17.65 | 17.65 | 18.30 | 17.30 | 3.047 times |
| 12 Fri Aug 2022 | 18.30 | 18.45 | 18.45 | 17.55 | 0.888 times |
| 11 Thu Aug 2022 | 18.40 | 18.75 | 18.75 | 17.70 | 0.563 times |
| 10 Wed Aug 2022 | 17.75 | 18.20 | 18.60 | 17.70 | 0.946 times |
| 08 Mon Aug 2022 | 18.05 | 17.65 | 18.80 | 17.65 | 0.089 times |
| 05 Fri Aug 2022 | 18.45 | 17.55 | 18.70 | 17.55 | 0.409 times |
| 04 Thu Aug 2022 | 18.00 | 18.00 | 18.00 | 17.70 | 0.273 times |
| 03 Wed Aug 2022 | 18.70 | 20.90 | 20.90 | 17.55 | 1.743 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 17.7 as stoploss in an intra day buy trade for a target of 18.09. However, stock will show a bearish move below 17.7.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 15.30 |
| Downside Target | 15.70 |
| Downside Target | 16.05 |
| Downside Target | 16.80 |
| Downside Target | 17.20 |
| Upside Target | 18.45 |
| Upside Target | 19.70 |
| Upside Target | 19.80 |
| Upside Target | 20.90 |
| Upside Target | 21.75 |
| Upside Target | 22.75 |
| Upside Target | 23.85 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 16.45 |
| Downside Intraday Target | 15.05 |
| Upside Intraday Target | 18.85 |
| Upside Intraday Target | 19.85 |
| Downside Intraday Target | 17.45 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Thu Aug 2022 | 17.85 | 17.65 | 18.45 | 16.05 | 2.165 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, 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 |
| 18 Thu Aug 2022 | 17.85 | 18.50 | 20.90 | 16.05 | 0.447 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 | 17, 13, 14 | Buy |
| MACD | -0, 0 | Sell |
| Stochastics | 22 | Sell |
| CCI | -148 | Sell |
| RSI | 53 | Buy |
| OBV | -1715 | Sell |
| VWAP | 18 | Sell |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
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 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 BUY. Signal strength is Weak 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 weakening, and bulls are picking up momentum!
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 and the buying is gaining 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 18.03 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.
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