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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 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, 4Buy
Stochastics 72Buy
CCI 62Buy
RSI 71Buy
OBV 470161Sell
VWAP 26Buy
ADL 0Sell
ROC 63Buy
Force Index 0Sell

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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Daily charts

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