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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 2022-06-22 View latest technical analysis

10 day averaged volume of Mercantile is 3236

Date Daily Closing Price Open High Low Volume
22 Wed Jun 2022 18.90 19.90 19.90 16.85 0.49 times
21 Tue Jun 2022 16.85 19.00 19.50 16.80 0.126 times
20 Mon Jun 2022 17.10 20.80 20.80 17.00 0.43 times
17 Fri Jun 2022 18.20 18.40 18.90 16.15 0.144 times
16 Thu Jun 2022 17.10 17.75 18.50 17.00 1.408 times
15 Wed Jun 2022 17.45 19.85 19.85 16.20 0.947 times
14 Tue Jun 2022 18.55 21.75 21.75 16.20 2.586 times
13 Mon Jun 2022 19.40 21.35 21.40 18.15 2.844 times
10 Fri Jun 2022 19.30 18.80 19.85 18.05 0.638 times
09 Thu Jun 2022 18.50 19.40 20.00 18.30 0.725 times

My analysis of stock is bullish for shortterm, and stock might move up till 19.5 or till 20.8. Use a stoploss of 18.38 and if this stock hits its stoploss, then it can fall down till 17.26

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 16.15
Downside Target 16.80
Downside Target 18.05
Downside Target 18.90
Upside Target 20.25
Upside Target 20.60
Upside Target 20.80
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 16.87
Downside Intraday Target 14.83
Upside Intraday Target 20.87
Upside Intraday Target 22.83
Downside Intraday Target 18.83

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
22 Wed Jun 2022 18.90 20.80 20.80 16.80 0.132 times
17 Fri Jun 2022 18.20 21.35 21.75 16.15 2.601 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

Price has moved up 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
22 Wed Jun 2022 18.90 20.60 21.75 16.15 0.637 times
31 Tue May 2022 18.90 22.75 22.75 15.30 0.754 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 14, 10, 17 Buy
MACD -1, -0Sell
Stochastics 26Sell
CCI 15Buy
RSI 57Buy
OBV -3412Sell
VWAP 18Buy
ADL 0Sell
ROC -1Sell
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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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

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 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 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 18.46 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 has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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