(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 2023-01-16 View latest technical analysis
10 day averaged volume of Mercantile is 5121
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.192 times |
| 13 Fri Jan 2023 | 18.60 | 20.00 | 20.00 | 18.40 | 0.242 times |
| 12 Thu Jan 2023 | 18.60 | 19.45 | 19.45 | 18.00 | 2.806 times |
| 11 Wed Jan 2023 | 18.00 | 18.65 | 18.80 | 18.00 | 0.862 times |
| 10 Tue Jan 2023 | 18.30 | 17.85 | 18.40 | 17.70 | 0.665 times |
| 09 Mon Jan 2023 | 18.50 | 18.20 | 18.65 | 17.70 | 1.88 times |
| 06 Fri Jan 2023 | 18.20 | 18.45 | 18.45 | 17.55 | 0.348 times |
| 05 Thu Jan 2023 | 17.75 | 18.40 | 18.40 | 17.55 | 0.175 times |
| 04 Wed Jan 2023 | 17.75 | 18.10 | 18.40 | 17.60 | 0.1 times |
| 03 Tue Jan 2023 | 18.10 | 17.50 | 18.20 | 17.50 | 0.358 times |
My analysis of stock is bullish for shortterm, and stock might move up till 18.8 or till 19.4. Use a stoploss of 18.2 and if this stock hits its stoploss, then it can fall down till 17.65
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.25 |
| Downside Target | 17.15 |
| Downside Target | 18.15 |
| Upside Target | 19.00 |
| 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 | 18 |
| Downside Intraday Target | 17.65 |
| Upside Intraday Target | 18.85 |
| Upside Intraday Target | 19.35 |
| Upside Intraday Target | 18.5 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.03 times |
| 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 |
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 |
| 16 Mon Jan 2023 | 18.35 | 18.30 | 20.00 | 17.25 | 0.705 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 | 2.102 times |
| 31 Mon Oct 2022 | 19.25 | 21.00 | 23.70 | 17.65 | 0.329 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 | 17, 11, 23 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 48 | None |
| CCI | 55 | Sell |
| RSI | 50 | Sell |
| OBV | -8643 | Sell |
| VWAP | 18 | Sell |
| ADL | 0 | Sell |
| ROC | 5 | Buy |
| Force Index | 0 | Sell |
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 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 losing 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. 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 coming down
CCI has generated a SELL signal for Mercantile in short term but SELL signal is weak.
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 18.4 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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