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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 4263

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 21.16 21.50 21.84 20.24 2.554 times
26 Tue Mar 2024 20.96 21.51 21.88 20.85 3.208 times
22 Fri Mar 2024 21.23 21.88 21.88 20.80 2.253 times
21 Thu Mar 2024 21.89 22.09 23.04 20.99 0.909 times
20 Wed Mar 2024 22.09 21.42 22.10 20.10 0.273 times
19 Tue Mar 2024 21.07 22.48 22.48 21.01 0.878 times
18 Mon Mar 2024 21.50 21.67 22.30 21.50 0.364 times
15 Fri Mar 2024 21.67 22.00 22.00 21.65 0.787 times
14 Thu Mar 2024 21.70 22.64 22.70 21.51 0.435 times
13 Wed Mar 2024 22.64 23.45 23.45 21.91 0.605 times

Stock of Mercantile (Mercantile) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.5, but if it comes above 21.5, then a intra day buy could be more profitable.
If you take a sell trade below 21.5, then use 21.5 as stoploss and 19.9 as target. However if you take a buy trade in stock , then use 21.5 as stoploss and 22.76 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 20.10
Downside Target 21.00
Upside Target 21.51
Upside Target 22.41
Upside Target 23.30
Upside Target 24.74
Upside Target 26.00
Upside Target 26.48
Upside Target 27.00
Upside Target 29.27
Upside Target 37.14

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 20.31
Downside Intraday Target 19.45
Upside Intraday Target 21.95
Upside Intraday Target 22.73
Downside Intraday Target 21.09

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 21.16 21.51 21.88 20.24 1.232 times
22 Fri Mar 2024 21.23 21.67 23.04 20.10 1.815 times
15 Fri Mar 2024 21.67 24.74 24.74 21.51 0.977 times
07 Thu Mar 2024 24.00 26.00 26.00 22.75 0.463 times
02 Sat Mar 2024 25.00 25.75 26.48 23.20 0.961 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
27 Wed Mar 2024 21.16 23.85 26.00 20.10 0.54 times
29 Thu Feb 2024 23.95 28.91 29.27 23.20 0.164 times
31 Wed Jan 2024 28.49 23.65 37.14 22.41 4.657 times
29 Fri Dec 2023 23.19 22.05 27.00 21.52 1.475 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)

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 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 SELL. Signal strength is Strong 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 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 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

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 21.32 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.

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 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 SELL. Signal strength is Strong 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 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 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

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 21.32 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.

Click here for Mercantile charts

Click here for further forecast and predictions for tomorrow

Daily charts

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