(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 2022-05-11 View latest technical analysis
10 day averaged volume of Mercantile is 4347
|Date||Daily Closing Price||Open||High||Low||Volume|
|11 Wed May 2022||18.35||19.40||20.70||17.50||1.184 times|
|10 Tue May 2022||19.40||18.55||20.65||18.55||0.593 times|
|09 Mon May 2022||19.65||20.15||20.70||18.40||0.349 times|
|06 Fri May 2022||19.75||19.75||20.00||18.35||0.252 times|
|05 Thu May 2022||19.80||18.35||20.00||18.35||0.818 times|
|04 Wed May 2022||19.90||21.70||21.75||18.90||1.239 times|
|02 Mon May 2022||20.50||22.75||22.75||19.00||1.829 times|
|29 Fri Apr 2022||21.00||21.35||23.85||20.30||1.04 times|
|28 Thu Apr 2022||21.75||20.85||22.00||19.80||2.417 times|
|27 Wed Apr 2022||20.00||21.55||21.55||19.60||0.557 times|
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 18, for a target of 19.4 or 20.54
Share price targets for Mercantile (Mercantile)
Intraday share price targets for Mercantile (Mercantile)
|Downside Intraday Target||17|
|Downside Intraday Target||15.65|
|Upside Intraday Target||20.2|
|Upside Intraday Target||22.05|
|Upside Intraday Target||18.85|
Weekly technical analysis of Mercantile (Mercantile)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|11 Wed May 2022||18.35||20.15||20.70||17.50||0.514 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|
|11 Wed May 2022||18.35||22.75||22.75||17.50||0.269 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||14, 14, 0||Sell|
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 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.
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 below 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 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 20.33 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.