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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 2022-08-17 View latest technical analysis

10 day averaged volume of Mercantile is 2364

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 17.95 17.65 18.30 17.35 0.685 times
16 Tue Aug 2022 17.65 17.65 18.30 17.30 2.823 times
12 Fri Aug 2022 18.30 18.45 18.45 17.55 0.823 times
11 Thu Aug 2022 18.40 18.75 18.75 17.70 0.522 times
10 Wed Aug 2022 17.75 18.20 18.60 17.70 0.876 times
08 Mon Aug 2022 18.05 17.65 18.80 17.65 0.082 times
05 Fri Aug 2022 18.45 17.55 18.70 17.55 0.379 times
04 Thu Aug 2022 18.00 18.00 18.00 17.70 0.253 times
03 Wed Aug 2022 18.70 20.90 20.90 17.55 1.615 times
02 Tue Aug 2022 18.10 17.50 18.40 17.50 1.204 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 17.8 as stoploss in an intra day buy trade for a target of 18.12. However, stock will show a bearish move below 17.8.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 15.30
Downside Target 15.70
Downside Target 16.05
Downside Target 16.80
Downside Target 17.20
Upside Target 18.30
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 17.4
Downside Intraday Target 16.85
Upside Intraday Target 18.4
Upside Intraday Target 18.85
Downside Intraday Target 17.85

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 17.95 17.65 18.30 17.30 1.523 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mercantile (Mercantile)

Date Monthly Closing Price Open High Low Volume
17 Wed Aug 2022 17.95 18.50 20.90 17.30 0.393 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 20, 5, 60 Buy
MACD -0, 0Sell
Stochastics 18Sell
CCI -76Buy
RSI 51Buy
OBV 5922Sell
VWAP 18Sell
ADL 0Sell
ROC 3Buy
Force Index 0Sell

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY. Signal strength is Strong and stock is gaining 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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 18.07 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.

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Daily charts

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