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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 2022-05-16 View latest technical analysis

10 day averaged volume of Mercantile is 3922

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 19.15 18.10 19.45 16.60 0.983 times
13 Fri May 2022 18.30 18.80 20.10 16.75 1.165 times
12 Thu May 2022 18.40 19.70 19.75 17.80 0.74 times
11 Wed May 2022 18.35 19.40 20.70 17.50 1.312 times
10 Tue May 2022 19.40 18.55 20.65 18.55 0.657 times
09 Mon May 2022 19.65 20.15 20.70 18.40 0.387 times
06 Fri May 2022 19.75 19.75 20.00 18.35 0.279 times
05 Thu May 2022 19.80 18.35 20.00 18.35 0.906 times
04 Wed May 2022 19.90 21.70 21.75 18.90 1.373 times
02 Mon May 2022 20.50 22.75 22.75 19.00 2.028 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 as stoploss in an intra day buy trade for a target of 20.27. However, stock will show a bearish move below 19.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 16.60
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 23.85
Upside Target 24.70
Upside Target 29.85

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 17.35
Downside Intraday Target 15.55
Upside Intraday Target 20.2
Upside Intraday Target 21.25
Downside Intraday Target 18.4

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 19.15 18.10 19.45 16.60 0.231 times
13 Fri May 2022 18.30 20.15 20.70 16.75 0.929 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

Price has moved up 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
16 Mon May 2022 19.15 22.75 22.75 16.60 0.381 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 9, 14, 21 Sell
MACD -1, -0Sell
Stochastics 26Sell
CCI -103Buy
RSI 58Buy
OBV 11996Sell
VWAP 19Sell
ADL 0Sell
ROC -9Sell
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

ADX buy sell signal for Mercantile stock for short term is SELL. Signal strength is Strong and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

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 19.38 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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