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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 2022-08-08 View latest technical analysis

10 day averaged volume of Mercantile is 2729

Date Daily Closing Price Open High Low Volume
08 Mon Aug 2022 18.05 17.65 18.80 17.65 0.071 times
05 Fri Aug 2022 18.45 17.55 18.70 17.55 0.328 times
04 Thu Aug 2022 18.00 18.00 18.00 17.70 0.219 times
03 Wed Aug 2022 18.70 20.90 20.90 17.55 1.399 times
02 Tue Aug 2022 18.10 17.50 18.40 17.50 1.043 times
01 Mon Aug 2022 17.50 18.50 19.25 17.40 1.232 times
29 Fri Jul 2022 18.20 18.65 18.65 17.60 2.255 times
28 Thu Jul 2022 18.20 19.80 19.80 17.60 2.04 times
27 Wed Jul 2022 17.75 18.80 18.80 17.35 0.416 times
26 Tue Jul 2022 17.45 19.20 19.20 17.25 0.934 times

My analysis of stock is bullish for shortterm, and stock might move up till 18.4 or till 19. Use a stoploss of 17.95 and if this stock hits its stoploss, then it can fall down till 17.45

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 18.80
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 17.53
Downside Intraday Target 17.02
Upside Intraday Target 18.68
Upside Intraday Target 19.32
Upside Intraday Target 18.17

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
08 Mon Aug 2022 18.05 17.65 18.80 17.65 0.017 times
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

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
08 Mon Aug 2022 18.05 18.50 20.90 17.40 0.182 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 27, 3, 80 Buy
MACD 0, 0Buy
Stochastics 28Sell
CCI -10Sell
RSI 49Sell
OBV 16398Sell
VWAP 18Sell
ADL 0Sell
ROC -2Sell
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

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 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 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 but selling is losing 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 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 positive

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

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Daily charts

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Daily chart

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