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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 2022-05-12 View latest technical analysis

10 day averaged volume of Mercantile is 4468

Date Daily Closing Price Open High Low Volume
12 Thu May 2022 18.40 19.70 19.75 17.80 0.65 times
11 Wed May 2022 18.35 19.40 20.70 17.50 1.152 times
10 Tue May 2022 19.40 18.55 20.65 18.55 0.577 times
09 Mon May 2022 19.65 20.15 20.70 18.40 0.34 times
06 Fri May 2022 19.75 19.75 20.00 18.35 0.245 times
05 Thu May 2022 19.80 18.35 20.00 18.35 0.795 times
04 Wed May 2022 19.90 21.70 21.75 18.90 1.205 times
02 Mon May 2022 20.50 22.75 22.75 19.00 1.78 times
29 Fri Apr 2022 21.00 21.35 23.85 20.30 1.012 times
28 Thu Apr 2022 21.75 20.85 22.00 19.80 2.351 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.2, but if it comes above 19.2, then a intra day buy could be more profitable.
If you take a sell trade below 19.2, then use 19.2 as stoploss and 17.7 as target. However if you take a buy trade in stock , then use 19.2 as stoploss and 20.4 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 16.90
Downside Target 18.35
Upside 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 17.03
Downside Intraday Target 15.67
Upside Intraday Target 20.23
Upside Intraday Target 22.07
Upside Intraday Target 18.87

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
12 Thu May 2022 18.40 20.15 20.70 17.50 0.675 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
12 Thu May 2022 18.40 22.75 22.75 17.50 0.298 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 13, 13, 0 Sell
MACD -0, 0Sell
Stochastics 16Sell
CCI -102Sell
RSI 56Buy
OBV 2539Sell
VWAP 20Sell
ADL 0Sell
ROC -8Sell
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 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 moving up

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

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 20.22 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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