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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 2022-01-12 View latest technical analysis

10 day averaged volume of Mercantile is 26618

Date Daily Closing Price Open High Low Volume
12 Wed Jan 2022 26.30 26.95 27.85 25.35 0.294 times
11 Tue Jan 2022 26.55 25.65 26.90 24.50 0.586 times
10 Mon Jan 2022 25.65 24.80 26.10 24.05 0.795 times
07 Fri Jan 2022 25.30 24.10 25.75 24.10 0.374 times
06 Thu Jan 2022 24.55 25.00 25.00 24.55 0.194 times
05 Wed Jan 2022 25.80 27.10 27.10 25.75 0.374 times
04 Tue Jan 2022 27.10 29.85 29.85 27.10 0.328 times
03 Mon Jan 2022 28.50 26.85 29.70 25.80 0.811 times
31 Fri Dec 2021 27.40 27.50 29.70 25.20 1.747 times
30 Thu Dec 2021 27.55 31.70 31.70 27.50 2.018 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 28.2 as stoploss in an intra day sell trade for a target of 23.94. However, stock will show a bullish move above 28.2.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 13.20
Downside Target 14.00
Downside Target 14.30
Downside Target 16.00
Downside Target 18.50
Downside Target 20.00
Downside Target 20.95
Downside Target 24.05
Downside Target 24.10
Upside Target 27.85
Upside Target 29.85
Upside Target 32.30

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 24.28
Downside Intraday Target 22.27
Upside Intraday Target 28.08
Upside Intraday Target 29.87
Downside Intraday Target 26.07

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
12 Wed Jan 2022 26.30 24.80 27.85 24.05 0.805 times
07 Fri Jan 2022 25.30 26.85 29.85 24.10 0.109 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

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
12 Wed Jan 2022 26.30 26.85 29.85 24.05 0.133 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 29, 11, 45 Buy
MACD 4, 5Sell
Stochastics 31None
CCI -6Buy
RSI 62Buy
OBV 397651Sell
VWAP 27Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Mercantile in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 26.99 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.

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Daily charts

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Daily chart

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