(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 2022-05-04 View latest technical analysis
10 day averaged volume of Mercantile is 6413
|Date||Daily Closing Price||Open||High||Low||Volume|
|04 Wed May 2022||19.90||21.70||21.75||18.90||0.84 times|
|02 Mon May 2022||20.50||22.75||22.75||19.00||1.24 times|
|29 Fri Apr 2022||21.00||21.35||23.85||20.30||0.705 times|
|28 Thu Apr 2022||21.75||20.85||22.00||19.80||1.638 times|
|27 Wed Apr 2022||20.00||21.55||21.55||19.60||0.378 times|
|26 Tue Apr 2022||21.45||21.85||22.70||21.00||0.613 times|
|25 Mon Apr 2022||22.75||23.00||23.75||21.20||0.761 times|
|22 Fri Apr 2022||22.45||22.90||22.90||20.55||0.77 times|
|21 Thu Apr 2022||21.95||22.35||22.35||20.55||1.191 times|
|20 Wed Apr 2022||21.50||21.50||21.75||20.10||1.883 times|
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 19.4 as stoploss in an intra day buy trade for a target of 20.58. However, stock will show a bearish move below 19.4.
Share price targets for Mercantile (Mercantile)
Intraday share price targets for Mercantile (Mercantile)
|Downside Intraday Target||18.28|
|Downside Intraday Target||16.67|
|Upside Intraday Target||22.13|
|Upside Intraday Target||24.37|
|Upside Intraday Target||20.52|
Weekly technical analysis of Mercantile (Mercantile)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|04 Wed May 2022||19.90||22.75||22.75||18.90||0.508 times|
|29 Fri Apr 2022||21.00||23.00||23.85||19.60||0.808 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|
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|
|04 Wed May 2022||19.90||22.75||22.75||18.90||0.132 times|
|29 Fri Apr 2022||21.00||18.65||23.85||17.20||1.258 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|
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||18, 13, 16||Buy|
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 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 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 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 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 green color and prices are in or below the green 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 and the buying is gaining 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 21.41 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