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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 2022-06-06 View latest technical analysis

10 day averaged volume of Mercantile is 3929

Date Daily Closing Price Open High Low Volume
06 Mon Jun 2022 19.30 20.35 20.35 18.55 1.181 times
03 Fri Jun 2022 20.35 18.35 20.50 18.00 0.979 times
02 Thu Jun 2022 19.10 17.60 20.00 17.60 1.013 times
01 Wed Jun 2022 19.10 20.60 20.60 17.60 0.458 times
31 Tue May 2022 18.90 19.25 19.25 16.85 0.554 times
30 Mon May 2022 17.70 17.35 18.50 17.35 0.801 times
27 Fri May 2022 16.85 17.65 17.70 16.60 1.29 times
26 Thu May 2022 16.10 16.95 16.95 15.30 1.512 times
25 Wed May 2022 16.15 17.70 17.70 15.75 0.474 times
24 Tue May 2022 17.35 18.15 18.15 16.50 1.229 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 19.2, but if it comes below 19.2, then a intra day sell could be more profitable.
If you take a sell trade below 19.2, then use 19.2 as stoploss and 18.15 as target. However if you take a buy trade in stock , then use 19.2 as stoploss and 20.6 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 16.75
Downside Target 17.60
Downside Target 18.55
Upside Target 19.45
Upside Target 20.25
Upside Target 20.35
Upside Target 20.60
Upside Target 20.70
Upside Target 22.75
Upside Target 23.85
Upside Target 24.70

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 18.45
Downside Intraday Target 17.6
Upside Intraday Target 20.25
Upside Intraday Target 21.2
Upside Intraday Target 19.4

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
06 Mon Jun 2022 19.30 20.35 20.35 18.55 0.31 times
03 Fri Jun 2022 20.35 17.35 20.60 16.85 0.614 times
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 1.158 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
06 Mon Jun 2022 19.30 20.60 20.60 17.60 0.196 times
31 Tue May 2022 18.90 22.75 22.75 15.30 0.719 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

Scroll below to view daily charts

Price has moved up 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 17, 9, 33 Buy
MACD -0, -1Buy
Stochastics 81Buy
CCI 88Sell
RSI 55Buy
OBV -16439Sell
VWAP 18Buy
ADL 0Sell
ROC 11Buy
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short 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.

Price action analysis of Mercantile ( (Mercantile) ) based on a short 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.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mercantile in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantile Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 17.97 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.

Mercantile Stock is giving positive 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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Daily charts

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