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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 2022-05-09 View latest technical analysis

10 day averaged volume of Mercantile is 4919

Date Daily Closing Price Open High Low Volume
09 Mon May 2022 19.65 20.15 20.70 18.40 0.308 times
06 Fri May 2022 19.75 19.75 20.00 18.35 0.223 times
05 Thu May 2022 19.80 18.35 20.00 18.35 0.723 times
04 Wed May 2022 19.90 21.70 21.75 18.90 1.095 times
02 Mon May 2022 20.50 22.75 22.75 19.00 1.617 times
29 Fri Apr 2022 21.00 21.35 23.85 20.30 0.919 times
28 Thu Apr 2022 21.75 20.85 22.00 19.80 2.136 times
27 Wed Apr 2022 20.00 21.55 21.55 19.60 0.493 times
26 Tue Apr 2022 21.45 21.85 22.70 21.00 0.8 times
25 Mon Apr 2022 22.75 23.00 23.75 21.20 0.992 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.7, but if it comes above 19.7, then a intra day buy could be more profitable.
If you take a sell trade below 19.7, then use 19.7 as stoploss and 18.5 as target. However if you take a buy trade in stock , then use 19.7 as stoploss and 20.72 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 16.90
Downside Target 18.35
Downside Target 19.20
Upside Target 20.25
Upside Target 20.70
Upside Target 22.75
Upside Target 22.90
Upside Target 23.20
Upside Target 23.85
Upside Target 24.70
Upside Target 29.85

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 18.47
Downside Intraday Target 17.28
Upside Intraday Target 20.77
Upside Intraday Target 21.88
Downside Intraday Target 19.58

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
09 Mon May 2022 19.65 20.15 20.70 18.40 0.084 times
06 Fri May 2022 19.75 22.75 22.75 18.35 0.685 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

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
09 Mon May 2022 19.65 22.75 22.75 18.35 0.193 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 17, 12, 18 Buy
MACD 0, 1Sell
Stochastics 25Sell
CCI -81Buy
RSI 59Buy
OBV 18435Sell
VWAP 21Sell
ADL 0Sell
ROC -12Sell
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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mercantile stock for short term is BUY. Signal strength is Weak and stock is gaining 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Mercantile in short term but BUY signal is weak.

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 20.96 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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Daily chart

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