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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 2022-05-26 View latest technical analysis

10 day averaged volume of Mercantile is 3267

Date Daily Closing Price Open High Low Volume
26 Thu May 2022 16.10 16.95 16.95 15.30 1.818 times
25 Wed May 2022 16.15 17.70 17.70 15.75 0.571 times
24 Tue May 2022 17.35 18.15 18.15 16.50 1.478 times
23 Mon May 2022 17.35 18.90 18.90 16.10 2.032 times
20 Fri May 2022 17.80 16.35 17.95 15.55 0.256 times
19 Thu May 2022 17.00 18.00 18.75 16.40 1.155 times
18 Wed May 2022 18.00 18.70 18.75 17.50 0.033 times
17 Tue May 2022 18.40 17.30 19.20 17.30 1.009 times
16 Mon May 2022 19.15 18.10 19.45 16.60 1.18 times
13 Fri May 2022 18.30 18.80 20.10 16.75 1.399 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.2, but if it comes above 17.2, then a intra day buy could be more profitable.
If you take a sell trade below 17.2, then use 17.2 as stoploss and 15.4 as target. However if you take a buy trade in stock , then use 17.2 as stoploss and 18.71 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Upside Target 16.75
Upside Target 18.35
Upside Target 18.90
Upside Target 19.45
Upside Target 20.25
Upside Target 20.70
Upside Target 22.75
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 14.63
Downside Intraday Target 13.17
Upside Intraday Target 18.23
Upside Intraday Target 20.37
Upside Intraday Target 16.77

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
26 Thu May 2022 16.10 18.90 18.90 15.30 1.624 times
20 Fri May 2022 17.80 18.10 19.45 15.55 0.71 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mercantile (Mercantile)

Date Monthly Closing Price Open High Low Volume
26 Thu May 2022 16.10 22.75 22.75 15.30 0.651 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 8, 18, 39 Sell
MACD -2, -1Sell
Stochastics 22Sell
CCI -148Sell
RSI 56Buy
OBV -42267Sell
VWAP 17Sell
ADL 0Sell
ROC -13Sell
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 17.47 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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