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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 2021-12-31 View latest technical analysis

10 day averaged volume of Mercantile is 55606

Date Daily Closing Price Open High Low Volume
31 Fri Dec 2021 27.40 27.50 29.70 25.20 0.836 times
30 Thu Dec 2021 27.55 31.70 31.70 27.50 0.966 times
29 Wed Dec 2021 30.55 30.70 32.30 27.00 1.328 times
28 Tue Dec 2021 29.50 25.45 29.50 22.25 2.516 times
27 Mon Dec 2021 24.60 20.95 24.60 20.95 3.482 times
24 Fri Dec 2021 20.50 21.00 21.00 19.00 0.273 times
23 Thu Dec 2021 19.20 19.35 19.50 18.65 0.383 times
22 Wed Dec 2021 18.95 18.75 19.00 18.00 0.629 times
21 Tue Dec 2021 18.10 18.20 18.50 16.85 0.236 times
20 Mon Dec 2021 17.45 17.85 20.75 16.00 0.043 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 24.9, but if it comes below 24.9, then a intra day sell could be more profitable.
If you take a sell trade below 24.9, then use 24.9 as stoploss and 20.17 as target. However if you take a buy trade in stock , then use 24.9 as stoploss and 30.6 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 13.05
Downside Target 14.00
Downside Target 14.70
Downside Target 16.00
Downside Target 16.95
Downside Target 18.50
Downside Target 19.50
Downside Target 20.00
Downside Target 20.95
Downside Target 21.00
Upside Target 32.30

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 21.47
Downside Intraday Target 15.53
Upside Intraday Target 32.82
Upside Intraday Target 38.23
Downside Intraday Target 26.88

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
31 Fri Dec 2021 27.40 20.95 32.30 20.95 5.837 times
24 Fri Dec 2021 20.50 17.85 21.00 16.00 1.083 times
17 Fri Dec 2021 17.55 19.00 20.00 16.15 1.198 times
10 Fri Dec 2021 17.50 16.00 19.50 14.70 6.515 times
03 Fri Dec 2021 15.80 14.50 16.95 14.11 0.89 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
31 Fri Dec 2021 27.40 14.40 32.30 14.30 12.706 times
30 Tue Nov 2021 15.22 15.08 16.10 13.32 0.707 times
29 Fri Oct 2021 14.65 16.90 18.50 14.00 0.811 times
30 Thu Sep 2021 16.82 14.90 18.50 13.20 1.005 times

Scroll below to view daily charts

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

Indicators analysis of Mercantile (Mercantile)

Indicator Name Indicator Value Indicator Signal
ADX 36, 9, 62 Buy
MACD 5, 4Buy
Stochastics 77Buy
CCI 68Sell
RSI 72Buy
OBV 451038Sell
VWAP 26Buy
ADL 0Sell
ROC 56Buy
Force Index 0Sell

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mercantile stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mercantile in short term and the buy signal is strong.

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 SELL signal for Mercantile in short term but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mercantile is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 26.17 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 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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Daily charts

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Daily chart

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