(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, 4 | Sell |
| Stochastics | 25 | Sell |
| CCI | -110 | Sell |
| RSI | 62 | Buy |
| OBV | 403423 | Sell |
| VWAP | 26 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
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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