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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)

10 day averaged volume of Mercantile is 6007

Date Daily Closing Price Open High Low Volume
20 Thu Jun 2024 22.90 21.45 22.90 20.17 4.814 times
19 Wed Jun 2024 20.82 21.55 22.47 20.50 1.238 times
18 Tue Jun 2024 21.51 21.85 22.60 21.15 1.367 times
14 Fri Jun 2024 22.10 22.60 22.60 21.30 0.758 times
13 Thu Jun 2024 22.10 22.60 22.60 21.30 0.758 times
12 Wed Jun 2024 21.94 22.60 22.60 21.50 0.363 times
11 Tue Jun 2024 21.25 22.00 22.00 21.07 1.922 times
10 Mon Jun 2024 21.90 20.04 22.00 20.04 1.198 times
07 Fri Jun 2024 20.04 20.35 21.15 19.25 1.06 times
06 Thu Jun 2024 20.35 19.60 20.43 19.51 0.509 times

Stock of Mercantile (Mercantile) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 23, for a target of 21.8 or 20.76

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 19.00
Downside Target 19.61
Downside Target 20.98
Downside Target 22.55
Downside Target 22.60
Downside Target 22.90
Upside Target 23.20
Upside Target 24.30
Upside Target 24.70
Upside Target 26.00
Upside Target 29.27

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 21.08
Downside Intraday Target 19.26
Upside Intraday Target 23.81
Upside Intraday Target 24.72
Downside Intraday Target 21.99

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
20 Thu Jun 2024 22.90 21.85 22.90 20.17 1.484 times
14 Fri Jun 2024 22.10 20.04 22.60 20.04 1.306 times
07 Fri Jun 2024 20.04 19.47 21.15 19.09 0.964 times
31 Fri May 2024 19.87 20.06 20.98 19.00 0.605 times
24 Fri May 2024 20.06 22.55 22.55 19.88 2.335 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
20 Thu Jun 2024 22.90 19.47 22.90 19.09 0.983 times
31 Fri May 2024 19.87 24.00 24.70 19.00 1.552 times
30 Tue Apr 2024 24.00 20.15 24.30 19.61 0.873 times
28 Thu Mar 2024 20.55 23.85 26.00 20.10 0.568 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)

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 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 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 Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining 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 21.85 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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 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 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 Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining 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 21.85 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. 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

Click here for further forecast and predictions for tomorrow

Daily charts

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