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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 2022-01-19 View latest technical analysis

10 day averaged volume of Mercantile is 9630

Date Daily Closing Price Open High Low Volume
19 Wed Jan 2022 24.50 25.00 25.95 23.95 0.425 times
18 Tue Jan 2022 25.20 26.45 26.45 24.65 0.461 times
17 Mon Jan 2022 25.90 24.85 26.60 24.10 0.983 times
14 Fri Jan 2022 25.35 26.70 26.70 24.25 0.676 times
13 Thu Jan 2022 25.50 26.30 26.30 25.00 0.646 times
12 Wed Jan 2022 26.30 26.95 27.85 25.35 0.811 times
11 Tue Jan 2022 26.55 25.65 26.90 24.50 1.62 times
10 Mon Jan 2022 25.65 24.80 26.10 24.05 2.198 times
07 Fri Jan 2022 25.30 24.10 25.75 24.10 1.033 times
06 Thu Jan 2022 24.55 25.00 25.00 24.55 0.536 times

My analysis of stock is bearish for shortterm, and stock might move down till 23.2 or till 20.2. Use a stoploss of 25.78 and if the stock hits stoploss, then it can shoot up till 28.32

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 23.95
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 23.43
Downside Intraday Target 22.37
Upside Intraday Target 26.08
Upside Intraday Target 27.67
Upside Intraday Target 25.02

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
19 Wed Jan 2022 24.50 24.85 26.60 23.95 0.314 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
19 Wed Jan 2022 24.50 26.85 29.85 23.95 0.175 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 19, 14, 14 Buy
MACD 3, 4Sell
Stochastics 25Sell
CCI -110Sell
RSI 62Buy
OBV 403423Sell
VWAP 26Sell
ADL 0Sell
ROC -5Sell
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 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 to mid 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 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 Weak 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 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 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 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 25.68 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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