Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2228

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 21.50 21.67 22.30 21.50 0.697 times
15 Fri Mar 2024 21.67 22.00 22.00 21.65 1.507 times
14 Thu Mar 2024 21.70 22.64 22.70 21.51 0.832 times
13 Wed Mar 2024 22.64 23.45 23.45 21.91 1.158 times
12 Tue Mar 2024 22.95 23.97 23.97 22.26 0.548 times
11 Mon Mar 2024 22.86 24.74 24.74 22.80 0.887 times
07 Thu Mar 2024 24.00 22.76 24.45 22.76 0.977 times
06 Wed Mar 2024 23.53 24.44 24.44 22.75 1.2 times
05 Tue Mar 2024 23.85 23.10 24.99 23.10 1.47 times
04 Mon Mar 2024 24.31 26.00 26.00 24.00 1.401 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 21, for a target of 22.6 or 23.96

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 21.00
Downside Target 21.50
Upside Target 22.30
Upside Target 24.10
Upside Target 24.74
Upside Target 26.00
Upside Target 26.48
Upside Target 27.00
Upside Target 27.18
Upside Target 29.27
Upside Target 37.14

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 21.23
Downside Intraday Target 20.97
Upside Intraday Target 22.03
Upside Intraday Target 22.57
Upside Intraday Target 21.77

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 21.50 21.67 22.30 21.50 0.141 times
15 Fri Mar 2024 21.67 24.74 24.74 21.51 0.977 times
07 Thu Mar 2024 24.00 26.00 26.00 22.75 0.463 times
02 Sat Mar 2024 25.00 25.75 26.48 23.20 0.961 times
23 Fri Feb 2024 25.55 27.18 27.18 24.10 0.93 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
18 Mon Mar 2024 21.50 23.85 26.00 21.50 0.207 times
29 Thu Feb 2024 23.95 28.91 29.27 23.20 0.164 times
31 Wed Jan 2024 28.49 23.65 37.14 22.41 4.657 times
29 Fri Dec 2023 23.19 22.05 27.00 21.52 1.475 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)

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.

Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 23 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.

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.

Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 23 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.

Click here for Mercantile charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
Back to top | Use Dark Theme