(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 2022-05-27 View latest technical analysis
10 day averaged volume of Mercantile is 3571
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Fri May 2022 | 16.85 | 17.65 | 17.70 | 16.60 | 1.419 times |
| 26 Thu May 2022 | 16.10 | 16.95 | 16.95 | 15.30 | 1.663 times |
| 25 Wed May 2022 | 16.15 | 17.70 | 17.70 | 15.75 | 0.522 times |
| 24 Tue May 2022 | 17.35 | 18.15 | 18.15 | 16.50 | 1.353 times |
| 23 Mon May 2022 | 17.35 | 18.90 | 18.90 | 16.10 | 1.859 times |
| 20 Fri May 2022 | 17.80 | 16.35 | 17.95 | 15.55 | 0.234 times |
| 19 Thu May 2022 | 17.00 | 18.00 | 18.75 | 16.40 | 1.057 times |
| 18 Wed May 2022 | 18.00 | 18.70 | 18.75 | 17.50 | 0.03 times |
| 17 Tue May 2022 | 18.40 | 17.30 | 19.20 | 17.30 | 0.923 times |
| 16 Mon May 2022 | 19.15 | 18.10 | 19.45 | 16.60 | 1.079 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.1, but if it comes above 17.1, then a intra day buy could be more profitable.
If you take a sell trade below 17.1, then use 17.1 as stoploss and 15.4 as target. However if you take a buy trade in stock , then use 17.1 as stoploss and 18.46 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 15.30 |
| Downside 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 | 15.13 |
| Downside Intraday Target | 13.42 |
| Upside Intraday Target | 18.73 |
| Upside Intraday Target | 20.62 |
| Upside Intraday Target | 17.02 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Fri May 2022 | 16.85 | 18.90 | 18.90 | 15.30 | 2.051 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 |
| 27 Fri May 2022 | 16.85 | 22.75 | 22.75 | 15.30 | 0.701 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 | 11, 16, 21 | Sell |
| MACD | -2, -1 | Sell |
| Stochastics | 22 | Sell |
| CCI | -40 | Buy |
| RSI | 56 | Buy |
| OBV | -34776 | Sell |
| VWAP | 17 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 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 17.28 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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