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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 2023-01-16 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, -0Buy
Stochastics 48None
CCI 55Sell
RSI 50Sell
OBV -8643Sell
VWAP 18Sell
ADL 0Sell
ROC 5Buy
Force Index 0Sell

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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