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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 2022-06-15 View latest technical analysis

10 day averaged volume of Mercantile is 3706

Date Daily Closing Price Open High Low Volume
15 Wed Jun 2022 17.45 19.85 19.85 16.20 0.827 times
14 Tue Jun 2022 18.55 21.75 21.75 16.20 2.258 times
13 Mon Jun 2022 19.40 21.35 21.40 18.15 2.483 times
10 Fri Jun 2022 19.30 18.80 19.85 18.05 0.557 times
09 Thu Jun 2022 18.50 19.40 20.00 18.30 0.633 times
08 Wed Jun 2022 19.00 18.25 19.80 18.25 0.137 times
07 Tue Jun 2022 19.80 18.60 20.20 18.60 0.083 times
06 Mon Jun 2022 19.30 20.35 20.35 18.55 1.252 times
03 Fri Jun 2022 20.35 18.35 20.50 18.00 1.038 times
02 Thu Jun 2022 19.10 17.60 20.00 17.60 1.074 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 17.1 as stoploss in an intra day buy trade for a target of 18.25. However, stock will show a bearish move below 17.1.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 16.20
Downside Target 16.85
Upside Target 18.05
Upside Target 18.90
Upside Target 19.45
Upside Target 20.25
Upside Target 20.60
Upside Target 21.75
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 15.18
Downside Intraday Target 12.92
Upside Intraday Target 20.73
Upside Intraday Target 24.02
Upside Intraday Target 18.47

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
15 Wed Jun 2022 17.45 21.35 21.75 16.20 2.092 times
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

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
15 Wed Jun 2022 17.45 20.60 21.75 16.20 0.552 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 12, 12, 2 Buy
MACD -0, -0Sell
Stochastics 40None
CCI -220Sell
RSI 50Sell
OBV -8794Sell
VWAP 19Sell
ADL 0Sell
ROC -9Sell
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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.

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. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 19.05 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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Daily charts

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