(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, -0 | Sell |
| Stochastics | 26 | Sell |
| CCI | -103 | Buy |
| RSI | 58 | Buy |
| OBV | 11996 | Sell |
| VWAP | 19 | Sell |
| ADL | 0 | Sell |
| ROC | -9 | 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
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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