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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)

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, 0Sell
Stochastics 22Sell
CCI -148Sell
RSI 53Buy
OBV -1715Sell
VWAP 18Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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.

Click here for Mercantile charts

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Daily charts

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Daily chart

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