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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 2022-08-12 View latest technical analysis

10 day averaged volume of Mercantile is 2674

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 18.30 18.45 18.45 17.55 0.727 times
11 Thu Aug 2022 18.40 18.75 18.75 17.70 0.461 times
10 Wed Aug 2022 17.75 18.20 18.60 17.70 0.774 times
08 Mon Aug 2022 18.05 17.65 18.80 17.65 0.073 times
05 Fri Aug 2022 18.45 17.55 18.70 17.55 0.335 times
04 Thu Aug 2022 18.00 18.00 18.00 17.70 0.224 times
03 Wed Aug 2022 18.70 20.90 20.90 17.55 1.428 times
02 Tue Aug 2022 18.10 17.50 18.40 17.50 1.065 times
01 Mon Aug 2022 17.50 18.50 19.25 17.40 1.257 times
29 Fri Jul 2022 18.20 18.65 18.65 17.60 2.301 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 18.05. 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 18.80
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 17.63
Downside Intraday Target 16.97
Upside Intraday Target 18.88
Upside Intraday Target 19.47
Downside Intraday Target 18.22

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 18.30 17.65 18.80 17.55 0.473 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
12 Fri Aug 2022 18.30 18.50 20.90 17.40 0.264 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 23, 4, 70 Buy
MACD 0, 0Buy
Stochastics 22Sell
CCI -32Sell
RSI 52Buy
OBV 11506Sell
VWAP 18Buy
ADL 0Sell
ROC 1Buy
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 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

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 18.15 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 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

Click here for further forecast and predictions for tomorrow

Daily charts

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