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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 2022-04-28 View latest technical analysis

10 day averaged volume of Mercantile is 5269

Date Daily Closing Price Open High Low Volume
28 Thu Apr 2022 21.75 20.85 22.00 19.80 1.994 times
27 Wed Apr 2022 20.00 21.55 21.55 19.60 0.46 times
26 Tue Apr 2022 21.45 21.85 22.70 21.00 0.747 times
25 Mon Apr 2022 22.75 23.00 23.75 21.20 0.926 times
22 Fri Apr 2022 22.45 22.90 22.90 20.55 0.937 times
21 Thu Apr 2022 21.95 22.35 22.35 20.55 1.45 times
20 Wed Apr 2022 21.50 21.50 21.75 20.10 2.292 times
19 Tue Apr 2022 19.90 20.00 21.00 19.30 0.999 times
18 Mon Apr 2022 19.35 20.75 20.75 19.20 0.49 times
13 Wed Apr 2022 20.30 21.65 21.65 20.00 0.987 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.7, but if it comes below 21.7, then a intra day sell could be more profitable.
If you take a sell trade below 21.7, then use 21.7 as stoploss and 20.2 as target. However if you take a buy trade in stock , then use 21.7 as stoploss and 23.5 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 14.30
Downside Target 16.90
Downside Target 18.75
Downside Target 19.20
Downside Target 20.25
Downside Target 21.10
Upside Target 22.00
Upside Target 22.90
Upside Target 23.20
Upside Target 23.75
Upside Target 24.70
Upside Target 29.85
Upside Target 32.30

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 19.65
Downside Intraday Target 17.55
Upside Intraday Target 23.8
Upside Intraday Target 25.85
Downside Intraday Target 21.7

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
28 Thu Apr 2022 21.75 23.00 23.75 19.60 0.669 times
22 Fri Apr 2022 22.45 20.75 22.90 19.20 2.114 times
13 Wed Apr 2022 20.30 23.20 23.20 19.40 0.624 times
08 Fri Apr 2022 21.25 17.90 22.00 17.50 2.38 times
01 Fri Apr 2022 17.90 17.60 18.75 17.05 0.505 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
28 Thu Apr 2022 21.75 18.65 23.75 17.20 1.202 times
31 Thu Mar 2022 17.90 19.55 20.25 16.90 1.189 times
28 Mon Feb 2022 18.95 22.65 24.70 17.25 0.424 times
31 Mon Jan 2022 21.60 26.85 29.85 21.10 0.213 times

Scroll below to view daily charts

Price has moved up 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, 12, 23 Buy
MACD 1, 1Buy
Stochastics 41None
CCI 8Buy
RSI 52Buy
OBV 50596Sell
VWAP 21Buy
ADL 0Sell
ROC 10Buy
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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Mercantile in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL 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 21.38 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.

Mercantile Stock is giving positive 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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