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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 2022-08-04 View latest technical analysis

10 day averaged volume of Mercantile is 3454

Date Daily Closing Price Open High Low Volume
04 Thu Aug 2022 18.00 18.00 18.00 17.70 0.173 times
03 Wed Aug 2022 18.70 20.90 20.90 17.55 1.105 times
02 Tue Aug 2022 18.10 17.50 18.40 17.50 0.824 times
01 Mon Aug 2022 17.50 18.50 19.25 17.40 0.973 times
29 Fri Jul 2022 18.20 18.65 18.65 17.60 1.781 times
28 Thu Jul 2022 18.20 19.80 19.80 17.60 1.611 times
27 Wed Jul 2022 17.75 18.80 18.80 17.35 0.329 times
26 Tue Jul 2022 17.45 19.20 19.20 17.25 0.738 times
25 Mon Jul 2022 18.40 18.50 18.50 17.85 0.107 times
22 Fri Jul 2022 18.50 17.35 19.70 16.80 0.73 times

My analysis of stock is bullish for shortterm, and stock might move up till 18.4 or till 19.1. Use a stoploss of 17.9 and if this stock hits its stoploss, then it can fall down till 17.37

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
Downside Target 17.20
Upside Target 18.70
Upside Target 19.70
Upside Target 19.80
Upside Target 20.90
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 16.63
Downside Intraday Target 15.27
Upside Intraday Target 20.13
Upside Intraday Target 22.27
Upside Intraday Target 18.77

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
04 Thu Aug 2022 18.00 18.50 20.90 17.40 0.674 times
29 Fri Jul 2022 18.20 18.50 19.80 17.25 0.83 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

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
04 Thu Aug 2022 18.00 18.50 20.90 17.40 0.165 times
29 Fri Jul 2022 18.20 18.50 19.80 15.70 1.07 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

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 26, 4, 74 Buy
MACD 0, -0Buy
Stochastics 40None
CCI -83Sell
RSI 48Sell
OBV 16585Sell
VWAP 18Sell
ADL 0Sell
ROC 0Sell
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 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 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 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.

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 and the buy signal is strong.

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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 18.12 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 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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