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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 2022-01-04 View latest technical analysis

10 day averaged volume of Mercantile is 61374

Date Daily Closing Price Open High Low Volume
04 Tue Jan 2022 27.10 29.85 29.85 27.10 0.142 times
03 Mon Jan 2022 28.50 26.85 29.70 25.80 0.352 times
31 Fri Dec 2021 27.40 27.50 29.70 25.20 0.758 times
30 Thu Dec 2021 27.55 31.70 31.70 27.50 0.875 times
29 Wed Dec 2021 30.55 30.70 32.30 27.00 1.203 times
28 Tue Dec 2021 29.50 25.45 29.50 22.25 2.279 times
27 Mon Dec 2021 24.60 20.95 24.60 20.95 3.155 times
24 Fri Dec 2021 20.50 21.00 21.00 19.00 0.247 times
23 Thu Dec 2021 19.20 19.35 19.50 18.65 0.347 times
22 Wed Dec 2021 18.95 18.75 19.00 18.00 0.57 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.4, but if it comes below 26.4, then a intra day sell could be more profitable.
If you take a sell trade below 26.4, then use 26.4 as stoploss and 21.4 as target. However if you take a buy trade in stock , then use 26.4 as stoploss and 32.3 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 29.85
Upside Target 32.30

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 25.32
Downside Intraday Target 23.53
Upside Intraday Target 29.37
Upside Intraday Target 31.63
Upside Intraday Target 27.58

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
04 Tue Jan 2022 27.10 26.85 29.85 25.80 0.06 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 down 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
04 Tue Jan 2022 27.10 26.85 29.85 25.80 0.04 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 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 30, 7, 62 Buy
MACD 6, 5Buy
Stochastics 70None
CCI 52Buy
RSI 68Buy
OBV 463480Sell
VWAP 26Buy
ADL 0Sell
ROC 50Buy
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

Mercantile Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 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 26.48 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.

Click here for Mercantile charts

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Daily charts

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