(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, -0 | Buy |
| Stochastics | 33 | None |
| CCI | -77 | Sell |
| RSI | 51 | Buy |
| OBV | 24410 | Sell |
| VWAP | 19 | Sell |
| ADL | 0 | Sell |
| ROC | 2 | 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 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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