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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 2022-01-18 View latest technical analysis

10 day averaged volume of Mercantile is 10058

Date Daily Closing Price Open High Low Volume
18 Tue Jan 2022 25.20 26.45 26.45 24.65 0.441 times
17 Mon Jan 2022 25.90 24.85 26.60 24.10 0.942 times
14 Fri Jan 2022 25.35 26.70 26.70 24.25 0.647 times
13 Thu Jan 2022 25.50 26.30 26.30 25.00 0.619 times
12 Wed Jan 2022 26.30 26.95 27.85 25.35 0.777 times
11 Tue Jan 2022 26.55 25.65 26.90 24.50 1.552 times
10 Mon Jan 2022 25.65 24.80 26.10 24.05 2.105 times
07 Fri Jan 2022 25.30 24.10 25.75 24.10 0.989 times
06 Thu Jan 2022 24.55 25.00 25.00 24.55 0.513 times
05 Wed Jan 2022 25.80 27.10 27.10 25.75 0.99 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.6 or till 19. Use a stoploss of 25.5 and if the stock hits stoploss, then it can shoot up till 28.44

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
Downside Intraday Target 22.8
Upside Intraday Target 26.5
Upside Intraday Target 27.8
Upside Intraday Target 25.3

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
18 Tue Jan 2022 25.20 24.85 26.60 24.10 0.243 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 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
18 Tue Jan 2022 25.20 26.85 29.85 24.05 0.169 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 20, 12, 25 Buy
MACD 3, 4Sell
Stochastics 28Sell
CCI -23Sell
RSI 62Buy
OBV 420663Sell
VWAP 26Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 to mid 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 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 coming down

CCI has generated a SELL signal for Mercantile in short term and SELL 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 25.74 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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