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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)

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)

Target Type Value
Downside Target 15.30
Downside Target 15.70
Downside Target 16.05
Upside Target 18.70
Upside Target 19.60
Upside Target 19.70
Upside Target 20.25
Upside Target 20.80
Upside Target 21.75
Upside Target 22.75
Upside Target 23.85

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
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
MACD -0, -0Buy
Stochastics 40None
CCI 96Buy
RSI 53Buy
OBV 5806Sell
VWAP 18Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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.

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Daily charts

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