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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 2022-06-09 View latest technical analysis

10 day averaged volume of Mercantile is 3141

Date Daily Closing Price Open High Low Volume
09 Thu Jun 2022 18.50 19.40 20.00 18.30 0.747 times
08 Wed Jun 2022 19.00 18.25 19.80 18.25 0.161 times
07 Tue Jun 2022 19.80 18.60 20.20 18.60 0.098 times
06 Mon Jun 2022 19.30 20.35 20.35 18.55 1.477 times
03 Fri Jun 2022 20.35 18.35 20.50 18.00 1.225 times
02 Thu Jun 2022 19.10 17.60 20.00 17.60 1.267 times
01 Wed Jun 2022 19.10 20.60 20.60 17.60 0.573 times
31 Tue May 2022 18.90 19.25 19.25 16.85 0.692 times
30 Mon May 2022 17.70 17.35 18.50 17.35 1.003 times
27 Fri May 2022 16.85 17.65 17.70 16.60 1.613 times

My analysis of stock is bullish for shortterm, and stock might move up till 19.3 or till 20.7. Use a stoploss of 18.21 and if this stock hits its stoploss, then it can fall down till 17.07

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 16.75
Downside Target 17.60
Downside Target 18.25
Upside Target 18.90
Upside Target 19.45
Upside Target 20.25
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 17.72
Downside Intraday Target 16.93
Upside Intraday Target 19.82
Upside Intraday Target 21.13
Upside Intraday Target 19.03

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
09 Thu Jun 2022 18.50 20.35 20.35 18.25 0.522 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
09 Thu Jun 2022 18.50 20.60 20.60 17.60 0.24 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 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 15, 8, 28 Buy
MACD -0, -0Buy
Stochastics 67None
CCI 17Sell
RSI 54Buy
OBV -9740Sell
VWAP 19Sell
ADL 0Sell
ROC 15Buy
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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.

ADX buy sell signal for Mercantile stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

Mercantile Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 18.68 and Mercantile (Mercantile) stock is trading below this level. This means that stock is falling with high volumes. 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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