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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 2022-08-05 View latest technical analysis

10 day averaged volume of Mercantile is 2892

Date Daily Closing Price Open High Low Volume
05 Fri Aug 2022 18.45 17.55 18.70 17.55 0.31 times
04 Thu Aug 2022 18.00 18.00 18.00 17.70 0.207 times
03 Wed Aug 2022 18.70 20.90 20.90 17.55 1.32 times
02 Tue Aug 2022 18.10 17.50 18.40 17.50 0.984 times
01 Mon Aug 2022 17.50 18.50 19.25 17.40 1.162 times
29 Fri Jul 2022 18.20 18.65 18.65 17.60 2.128 times
28 Thu Jul 2022 18.20 19.80 19.80 17.60 1.925 times
27 Wed Jul 2022 17.75 18.80 18.80 17.35 0.392 times
26 Tue Jul 2022 17.45 19.20 19.20 17.25 0.881 times
25 Mon Jul 2022 18.40 18.50 18.50 17.85 0.128 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 18.5 as stoploss in an intra day sell trade for a target of 17.97. However, stock will show a bullish move above 18.5.

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 16.93
Downside Intraday Target 15.42
Upside Intraday Target 20.43
Upside Intraday Target 22.42
Upside Intraday Target 18.92

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
05 Fri Aug 2022 18.45 18.50 20.90 17.40 0.73 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 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
05 Fri Aug 2022 18.45 18.50 20.90 17.40 0.179 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 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 28, 3, 78 Buy
MACD 0, 0Buy
Stochastics 36None
CCI 6Buy
RSI 48Sell
OBV 12708Sell
VWAP 18Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is

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.

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 getting stronger in this stock.

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

MRSI is in positive zone. This is a BUY zone

Stock of Mercantile is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 18.09 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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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