(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)
10 day averaged volume of Mercantile is 4519
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 17.75 | 19.00 | 19.00 | 17.55 | 0.823 times |
| 31 Tue Jan 2023 | 18.60 | 18.25 | 18.65 | 17.90 | 0.337 times |
| 30 Mon Jan 2023 | 18.60 | 18.70 | 18.70 | 17.65 | 0.419 times |
| 27 Fri Jan 2023 | 18.65 | 19.50 | 19.50 | 17.95 | 0.601 times |
| 25 Wed Jan 2023 | 18.65 | 18.20 | 19.00 | 17.65 | 1.534 times |
| 24 Tue Jan 2023 | 18.55 | 19.60 | 19.60 | 18.50 | 0.954 times |
| 23 Mon Jan 2023 | 19.30 | 18.95 | 19.50 | 18.30 | 3.233 times |
| 20 Fri Jan 2023 | 17.85 | 17.50 | 18.00 | 17.50 | 0.592 times |
| 19 Thu Jan 2023 | 17.55 | 18.05 | 18.65 | 17.40 | 0.661 times |
| 18 Wed Jan 2023 | 17.65 | 18.00 | 18.40 | 17.40 | 0.231 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.8, but if it comes above 17.8, then a intra day buy could be more profitable.
If you take a sell trade below 17.8, then use 17.8 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 17.8 as stoploss and 18.24 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.25 |
| Downside Target | 17.25 |
| Upside Target | 18.45 |
| Upside Target | 19.00 |
| Upside Target | 19.60 |
| Upside Target | 20.00 |
| Upside Target | 20.80 |
| Upside Target | 21.20 |
| Upside Target | 23.70 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 17.2 |
| Downside Intraday Target | 16.65 |
| Upside Intraday Target | 18.65 |
| Upside Intraday Target | 19.55 |
| Upside Intraday Target | 18.1 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 17.75 | 18.70 | 19.00 | 17.55 | 0.25 times |
| 27 Fri Jan 2023 | 18.65 | 18.95 | 19.60 | 17.65 | 2.014 times |
| 20 Fri Jan 2023 | 17.85 | 19.00 | 19.00 | 17.30 | 0.429 times |
| 13 Fri Jan 2023 | 18.60 | 18.20 | 20.00 | 17.70 | 1.82 times |
| 06 Fri Jan 2023 | 18.20 | 18.30 | 18.45 | 17.25 | 0.799 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 |
| 01 Wed Feb 2023 | 17.75 | 19.00 | 19.00 | 17.55 | 0.038 times |
| 31 Tue Jan 2023 | 18.60 | 18.30 | 20.00 | 17.25 | 1.316 times |
| 30 Fri Dec 2022 | 17.75 | 18.90 | 20.80 | 16.25 | 0.768 times |
| 30 Wed Nov 2022 | 19.05 | 20.15 | 21.20 | 17.25 | 2.102 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 | 19, 12, 22 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 43 | None |
| CCI | -44 | Sell |
| RSI | 51 | Buy |
| OBV | 23111 | Sell |
| VWAP | 19 | Sell |
| ADL | 0 | Sell |
| ROC | 1 | Buy |
| Force Index | 0 | Sell |
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 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 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 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 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 18.63 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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