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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 2022-06-10 View latest technical analysis

10 day averaged volume of Mercantile is 2782

Date Daily Closing Price Open High Low Volume
10 Fri Jun 2022 19.30 18.80 19.85 18.05 0.742 times
09 Thu Jun 2022 18.50 19.40 20.00 18.30 0.843 times
08 Wed Jun 2022 19.00 18.25 19.80 18.25 0.182 times
07 Tue Jun 2022 19.80 18.60 20.20 18.60 0.111 times
06 Mon Jun 2022 19.30 20.35 20.35 18.55 1.668 times
03 Fri Jun 2022 20.35 18.35 20.50 18.00 1.383 times
02 Thu Jun 2022 19.10 17.60 20.00 17.60 1.43 times
01 Wed Jun 2022 19.10 20.60 20.60 17.60 0.647 times
31 Tue May 2022 18.90 19.25 19.25 16.85 0.782 times
30 Mon May 2022 17.70 17.35 18.50 17.35 1.132 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 19.4 as stoploss in an intra day sell trade for a target of 18.26. However, stock will show a bullish move above 19.4.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 16.75
Downside Target 17.60
Downside Target 18.05
Downside 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 18.12
Downside Intraday Target 16.93
Upside Intraday Target 20.42
Upside Intraday Target 21.53
Downside Intraday Target 19.23

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
10 Fri Jun 2022 19.30 20.35 20.35 18.05 0.66 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
10 Fri Jun 2022 19.30 20.60 20.60 17.60 0.268 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 13, 9, 20 Buy
MACD -0, -0Buy
Stochastics 61None
CCI 16Buy
RSI 54Buy
OBV -10579Sell
VWAP 19Buy
ADL 0Sell
ROC 15Buy
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantile in short term and BUY signal is strong.

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 19.1 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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