Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2023-01-06 View latest technical analysis

10 day averaged volume of Mercantile is 4390

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Jan 2023	18.20	18.45	18.45	17.55	0.406 times
05 Thu Jan 2023	17.75	18.40	18.40	17.55	0.204 times
04 Wed Jan 2023	17.75	18.10	18.40	17.60	0.117 times
03 Tue Jan 2023	18.10	17.50	18.20	17.50	0.418 times
02 Mon Jan 2023	17.45	18.30	18.45	17.25	2.993 times
30 Fri Dec 2022	17.75	17.50	18.80	17.50	0.548 times
29 Thu Dec 2022	18.30	18.75	18.75	17.25	0.839 times
28 Wed Dec 2022	17.95	18.70	18.70	17.50	2.717 times
27 Tue Dec 2022	18.30	18.20	18.65	17.95	0.801 times
26 Mon Dec 2022	17.65	18.70	18.70	17.15	0.274 times

My analysis of stock is bearish for shortterm, and stock might move down till 17.7 or till 16.8. Use a stoploss of 18.48 and if the stock hits stoploss, then it can shoot up till 19.26

Share price targets for Mercantile (Mercantile)

Target Type	Value
Downside Target	16.25
Downside Target	17.15
Upside Target	18.35
Upside Target	18.80
Upside Target	20.00
Upside Target	20.20
Upside Target	20.80
Upside Target	21.20
Upside Target	22.75
Upside Target	23.70

Intraday share price targets for Mercantile (Mercantile)

Target Type	Value
Downside Intraday Target	17.48
Downside Intraday Target	16.77
Upside Intraday Target	18.68
Upside Intraday Target	19.17
Downside Intraday Target	17.97

Weekly technical analysis of Mercantile (Mercantile)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Jan 2023	18.20	18.30	18.45	17.25	0.799 times
30 Fri Dec 2022	17.75	18.70	18.80	17.15	1.321 times
23 Fri Dec 2022	17.10	19.20	20.80	16.25	1.132 times
16 Fri Dec 2022	19.20	19.85	20.00	18.35	1.104 times
09 Fri Dec 2022	19.85	18.80	20.20	18.60	0.64 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
06 Fri Jan 2023	18.20	18.30	18.45	17.25	0.245 times
30 Fri Dec 2022	17.75	18.90	20.80	16.25	0.768 times
30 Wed Nov 2022	19.05	20.15	21.20	17.25	1.616 times
31 Mon Oct 2022	19.25	21.00	23.70	17.65	0.428 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantile Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 17.84 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.