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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 2023-01-13 View latest technical analysis

10 day averaged volume of Mercantile is 5238

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Jan 2023	18.60	20.00	20.00	18.40	0.237 times
12 Thu Jan 2023	18.60	19.45	19.45	18.00	2.743 times
11 Wed Jan 2023	18.00	18.65	18.80	18.00	0.842 times
10 Tue Jan 2023	18.30	17.85	18.40	17.70	0.65 times
09 Mon Jan 2023	18.50	18.20	18.65	17.70	1.838 times
06 Fri Jan 2023	18.20	18.45	18.45	17.55	0.341 times
05 Thu Jan 2023	17.75	18.40	18.40	17.55	0.171 times
04 Wed Jan 2023	17.75	18.10	18.40	17.60	0.098 times
03 Tue Jan 2023	18.10	17.50	18.20	17.50	0.35 times
02 Mon Jan 2023	17.45	18.30	18.45	17.25	2.508 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 18.9 as stoploss in an intra day sell trade for a target of 18.25. However, stock will show a bullish move above 18.9.

Share price targets for Mercantile (Mercantile)

Target Type	Value
Downside Target	16.25
Downside Target	17.15
Downside Target	18.35
Upside Target	20.00
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	17.53
Downside Intraday Target	16.47
Upside Intraday Target	19.83
Upside Intraday Target	21.07
Upside Intraday Target	18.77

Weekly technical analysis of Mercantile (Mercantile)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Jan 2023	18.60	18.20	20.00	17.70	1.82 times
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

Price has moved up 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
13 Fri Jan 2023	18.60	18.30	20.00	17.25	0.692 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 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 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 Strong and stock is gaining momentum.

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

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 tired and bears are picking up momentum.

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 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

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 18.16 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.