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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 2022-07-26 View latest technical analysis

10 day averaged volume of Mercantile is 2758

Date Daily Closing Price Open High Low Volume
26 Tue Jul 2022 17.45 19.20 19.20 17.25 0.924 times
25 Mon Jul 2022 18.40 18.50 18.50 17.85 0.134 times
22 Fri Jul 2022 18.50 17.35 19.70 16.80 0.915 times
21 Thu Jul 2022 18.00 17.55 19.30 17.30 2.256 times
20 Wed Jul 2022 18.55 17.75 18.70 17.25 0.675 times
19 Tue Jul 2022 18.45 18.70 18.70 16.90 1.543 times
18 Mon Jul 2022 17.15 16.80 18.75 16.80 1.503 times
15 Fri Jul 2022 17.10 17.50 17.75 16.65 0.369 times
14 Thu Jul 2022 17.85 17.00 17.90 16.55 0.562 times
13 Wed Jul 2022 17.00 17.25 18.20 16.50 1.291 times

My analysis of stock is bearish for shortterm, and stock might move down till 16.9 or till 16.1. Use a stoploss of 17.55 and if the stock hits stoploss, then it can shoot up till 18.19

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 15.70
Downside Target 16.05
Downside Target 16.50
Upside Target 18.70
Upside Target 19.20
Upside Target 19.60
Upside Target 19.70
Upside Target 20.25
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 16.73
Downside Intraday Target 16.02
Upside Intraday Target 18.68
Upside Intraday Target 19.92
Upside Intraday Target 17.97

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
26 Tue Jul 2022 17.45 18.50 19.20 17.25 0.154 times
22 Fri Jul 2022 18.50 16.80 19.70 16.80 1.192 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

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
26 Tue Jul 2022 17.45 18.50 19.70 15.70 0.856 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, 7, 33 Buy
MACD -0, -0Buy
Stochastics 51None
CCI 23Sell
RSI 51Buy
OBV 3029Sell
VWAP 18Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mercantile ( (Mercantile) ) based on a mid to longer term time period is

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.

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. Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 17.81 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.

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Daily charts

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Daily chart

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