(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, 1 | Sell |
| Stochastics | 25 | Sell |
| CCI | -81 | Buy |
| RSI | 59 | Buy |
| OBV | 18435 | Sell |
| VWAP | 21 | Sell |
| ADL | 0 | Sell |
| ROC | -12 | 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 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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