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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 2022-08-10 View latest technical analysis

10 day averaged volume of Mercantile is 2712

Date Daily Closing Price Open High Low Volume
10 Wed Aug 2022 17.75 18.20 18.60 17.70 0.764 times
08 Mon Aug 2022 18.05 17.65 18.80 17.65 0.072 times
05 Fri Aug 2022 18.45 17.55 18.70 17.55 0.33 times
04 Thu Aug 2022 18.00 18.00 18.00 17.70 0.221 times
03 Wed Aug 2022 18.70 20.90 20.90 17.55 1.408 times
02 Tue Aug 2022 18.10 17.50 18.40 17.50 1.05 times
01 Mon Aug 2022 17.50 18.50 19.25 17.40 1.239 times
29 Fri Jul 2022 18.20 18.65 18.65 17.60 2.269 times
28 Thu Jul 2022 18.20 19.80 19.80 17.60 2.052 times
27 Wed Jul 2022 17.75 18.80 18.80 17.35 0.419 times

My analysis of stock is bearish for shortterm, and stock might move down till 17.5 or till 16.9. Use a stoploss of 17.96 and if the stock hits stoploss, then it can shoot up till 18.45

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 17.33
Downside Intraday Target 16.92
Upside Intraday Target 18.48
Upside Intraday Target 19.22
Upside Intraday Target 18.07

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
10 Wed Aug 2022 17.75 17.65 18.80 17.65 0.197 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
10 Wed Aug 2022 17.75 18.50 20.90 17.40 0.214 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, 3, 78 Buy
MACD 0, 0Sell
Stochastics 22Sell
CCI -53Sell
RSI 50Sell
OBV 6584Sell
VWAP 18Sell
ADL 0Sell
ROC 2Buy
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 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 to mid 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 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 losing momentum.

MACD generated a SELL signal for Mercantile in short term but the sell signal is initial and weak.

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 18.12 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 is giving positive 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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