(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 2022-07-19 View latest technical analysis
10 day averaged volume of Mercantile is 3106
|Date||Daily Closing Price||Open||High||Low||Volume|
|19 Tue Jul 2022||18.45||18.70||18.70||16.90||1.37 times|
|18 Mon Jul 2022||17.15||16.80||18.75||16.80||1.335 times|
|15 Fri Jul 2022||17.10||17.50||17.75||16.65||0.328 times|
|14 Thu Jul 2022||17.85||17.00||17.90||16.55||0.499 times|
|13 Wed Jul 2022||17.00||17.25||18.20||16.50||1.146 times|
|12 Tue Jul 2022||17.65||18.20||19.70||17.20||0.667 times|
|11 Mon Jul 2022||18.35||17.50||18.40||16.65||2.493 times|
|08 Fri Jul 2022||17.05||18.45||18.45||16.15||1.25 times|
|07 Thu Jul 2022||18.05||17.00||18.50||17.00||1.537 times|
|06 Wed Jul 2022||17.10||17.00||18.70||17.00||0.18 times|
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.2, but if it comes below 18.2, then a intra day sell could be more profitable.
If you take a sell trade below 18.2, then use 18.2 as stoploss and 17.56 as target. However if you take a buy trade in stock , then use 18.2 as stoploss and 19 as target.
Share price targets for Mercantile (Mercantile)
Intraday share price targets for Mercantile (Mercantile)
|Downside Intraday Target||17.25|
|Downside Intraday Target||16.05|
|Upside Intraday Target||19.2|
|Upside Intraday Target||19.95|
|Downside Intraday Target||18|
Weekly technical analysis of Mercantile (Mercantile)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|19 Tue Jul 2022||18.45||16.80||18.75||16.80||0.527 times|
|15 Fri Jul 2022||17.10||17.50||19.70||16.50||1.333 times|
|08 Fri Jul 2022||17.05||17.50||18.70||16.15||1.255 times|
|01 Fri Jul 2022||17.00||17.05||19.60||15.70||1.345 times|
|24 Fri Jun 2022||17.85||20.80||20.80||16.30||0.276 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|
|19 Tue Jul 2022||18.45||18.50||19.70||15.70||0.631 times|
|30 Thu Jun 2022||16.60||20.60||21.75||16.05||0.827 times|
|31 Tue May 2022||18.90||22.75||22.75||15.30||0.719 times|
|29 Fri Apr 2022||21.00||18.65||23.85||17.20||1.258 times|
Scroll below to view daily charts
Price has moved up 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||15, 9, 26||Buy|
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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.
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 in or above 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 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 17.75 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.