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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 2022-06-27 View latest technical analysis

10 day averaged volume of Mercantile is 3274

Date Daily Closing Price Open High Low Volume
27 Mon Jun 2022 17.90 17.05 19.60 17.05 0.166 times
24 Fri Jun 2022 17.85 18.15 19.05 17.30 0.499 times
23 Thu Jun 2022 18.85 20.35 20.35 16.30 0.63 times
22 Wed Jun 2022 18.90 19.90 19.90 16.85 0.484 times
21 Tue Jun 2022 16.85 19.00 19.50 16.80 0.124 times
20 Mon Jun 2022 17.10 20.80 20.80 17.00 0.425 times
17 Fri Jun 2022 18.20 18.40 18.90 16.15 0.142 times
16 Thu Jun 2022 17.10 17.75 18.50 17.00 1.391 times
15 Wed Jun 2022 17.45 19.85 19.85 16.20 0.936 times
14 Tue Jun 2022 18.55 21.75 21.75 16.20 2.556 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 17.7 as stoploss in an intra day buy trade for a target of 18.58. However, stock will show a bearish move below 17.7.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 16.15
Downside Target 16.85
Upside Target 18.05
Upside Target 19.60
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 16.77
Downside Intraday Target 15.63
Upside Intraday Target 19.32
Upside Intraday Target 20.73
Upside Intraday Target 18.18

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
27 Mon Jun 2022 17.90 17.05 19.60 17.05 0.077 times
24 Fri Jun 2022 17.85 20.80 20.80 16.30 0.276 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

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
27 Mon Jun 2022 17.90 20.60 21.75 16.15 0.692 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 12, 9, 16 Buy
MACD -0, -0Buy
Stochastics 37None
CCI 11Buy
RSI 55Buy
OBV -3831Sell
VWAP 18Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mercantile stock for short term is BUY. Signal strength is Weak 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 18 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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Daily chart

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