(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 2022-01-03 View latest technical analysis
10 day averaged volume of Mercantile is 59453
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Mon Jan 2022 | 28.50 | 26.85 | 29.70 | 25.80 | 0.363 times |
| 31 Fri Dec 2021 | 27.40 | 27.50 | 29.70 | 25.20 | 0.782 times |
| 30 Thu Dec 2021 | 27.55 | 31.70 | 31.70 | 27.50 | 0.903 times |
| 29 Wed Dec 2021 | 30.55 | 30.70 | 32.30 | 27.00 | 1.242 times |
| 28 Tue Dec 2021 | 29.50 | 25.45 | 29.50 | 22.25 | 2.353 times |
| 27 Mon Dec 2021 | 24.60 | 20.95 | 24.60 | 20.95 | 3.257 times |
| 24 Fri Dec 2021 | 20.50 | 21.00 | 21.00 | 19.00 | 0.255 times |
| 23 Thu Dec 2021 | 19.20 | 19.35 | 19.50 | 18.65 | 0.358 times |
| 22 Wed Dec 2021 | 18.95 | 18.75 | 19.00 | 18.00 | 0.589 times |
| 21 Tue Dec 2021 | 18.10 | 18.20 | 18.50 | 16.85 | 0.221 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 25.8, but if it comes below 25.8, then a intra day sell could be more profitable.
If you take a sell trade below 25.8, then use 25.8 as stoploss and 20.81 as target. However if you take a buy trade in stock , then use 25.8 as stoploss and 31.7 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 13.20 |
| Downside Target | 14.00 |
| Downside Target | 14.30 |
| Downside Target | 14.70 |
| Downside Target | 16.00 |
| Downside Target | 18.50 |
| Downside Target | 19.50 |
| Downside Target | 20.00 |
| Downside Target | 20.95 |
| Downside Target | 25.80 |
| Upside Target | 29.70 |
| Upside Target | 32.30 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 26.3 |
| Downside Intraday Target | 24.1 |
| Upside Intraday Target | 30.2 |
| Upside Intraday Target | 31.9 |
| Downside Intraday Target | 28 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Mon Jan 2022 | 28.50 | 26.85 | 29.70 | 25.80 | 0.043 times |
| 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 |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mercantile (Mercantile)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 03 Mon Jan 2022 | 28.50 | 26.85 | 29.70 | 25.80 | 0.029 times |
| 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 |
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 | 32, 8, 62 | Buy |
| MACD | 6, 4 | Buy |
| Stochastics | 72 | Buy |
| CCI | 62 | Buy |
| RSI | 71 | Buy |
| OBV | 470161 | Sell |
| VWAP | 26 | Buy |
| ADL | 0 | Sell |
| ROC | 63 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 gaining 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 moving up
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 positive zone. This is a BUY 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 26.29 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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