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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)

10 day averaged volume of Mercantile is 4251

Date Daily Closing Price Open High Low Volume
06 Mon Feb 2023 18.25 18.40 18.40 17.65 0.355 times
03 Fri Feb 2023 18.45 18.60 18.60 17.60 0.52 times
02 Thu Feb 2023 17.80 17.60 18.70 17.55 0.451 times
01 Wed Feb 2023 17.75 19.00 19.00 17.55 0.875 times
31 Tue Jan 2023 18.60 18.25 18.65 17.90 0.358 times
30 Mon Jan 2023 18.60 18.70 18.70 17.65 0.446 times
27 Fri Jan 2023 18.65 19.50 19.50 17.95 0.639 times
25 Wed Jan 2023 18.65 18.20 19.00 17.65 1.631 times
24 Tue Jan 2023 18.55 19.60 19.60 18.50 1.014 times
23 Mon Jan 2023 19.30 18.95 19.50 18.30 3.437 times

My analysis of stock is bearish for shortterm, and stock might move down till 17.8 or till 17.3. Use a stoploss of 18.28 and if the stock hits stoploss, then it can shoot up till 18.73

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 16.25
Downside Target 17.25
Upside Target 18.40
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 17.8
Downside Intraday Target 17.35
Upside Intraday Target 18.55
Upside Intraday Target 18.85
Downside Intraday Target 18.1

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
06 Mon Feb 2023 18.25 18.40 18.40 17.65 0.134 times
03 Fri Feb 2023 18.45 18.70 19.00 17.55 0.394 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

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
06 Mon Feb 2023 18.25 19.00 19.00 17.55 0.096 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 14, 10, 19 Buy
MACD -0, -0Buy
Stochastics 33None
CCI -77Sell
RSI 51Buy
OBV 24410Sell
VWAP 19Sell
ADL 0Sell
ROC 2Buy
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 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 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 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. Bears are weakening, and bulls are picking up momentum!

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 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 18.72 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 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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Daily charts

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Daily chart

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