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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 2022-01-17 View latest technical analysis

10 day averaged volume of Mercantile is 11269

Date Daily Closing Price Open High Low Volume
17 Mon Jan 2022 25.90 24.85 26.60 24.10 0.84 times
14 Fri Jan 2022 25.35 26.70 26.70 24.25 0.578 times
13 Thu Jan 2022 25.50 26.30 26.30 25.00 0.552 times
12 Wed Jan 2022 26.30 26.95 27.85 25.35 0.693 times
11 Tue Jan 2022 26.55 25.65 26.90 24.50 1.385 times
10 Mon Jan 2022 25.65 24.80 26.10 24.05 1.879 times
07 Fri Jan 2022 25.30 24.10 25.75 24.10 0.882 times
06 Thu Jan 2022 24.55 25.00 25.00 24.55 0.458 times
05 Wed Jan 2022 25.80 27.10 27.10 25.75 0.884 times
04 Tue Jan 2022 27.10 29.85 29.85 27.10 0.774 times

My analysis of stock is bullish for shortterm, and stock might move up till 28.5 or till 32.5. Use a stoploss of 25.14 and if this stock hits its stoploss, then it can fall down till 21.79

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 20.95
Downside Target 24.05
Upside Target 26.60
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 24.47
Downside Intraday Target 23.03
Upside Intraday Target 26.97
Upside Intraday Target 28.03
Downside Intraday Target 25.53

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
17 Mon Jan 2022 25.90 24.85 26.60 24.10 0.165 times
14 Fri Jan 2022 25.35 24.80 27.85 24.05 1.035 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

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
17 Mon Jan 2022 25.90 26.85 29.85 24.05 0.163 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 22, 13, 26 Buy
MACD 4, 4Sell
Stochastics 26Sell
CCI -29Buy
RSI 63Buy
OBV 422730Sell
VWAP 26Buy
ADL 0Sell
ROC -9Sell
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 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 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 SELL signal for Mercantile in short term but the sell signal is initial and weak.

Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY signal is weak.

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 25.88 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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