(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 2023-01-17 View latest technical analysis
10 day averaged volume of Mercantile is 3906
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Tue Jan 2023 | 17.65 | 18.35 | 18.85 | 17.30 | 1.663 times |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.251 times |
| 13 Fri Jan 2023 | 18.60 | 20.00 | 20.00 | 18.40 | 0.317 times |
| 12 Thu Jan 2023 | 18.60 | 19.45 | 19.45 | 18.00 | 3.678 times |
| 11 Wed Jan 2023 | 18.00 | 18.65 | 18.80 | 18.00 | 1.13 times |
| 10 Tue Jan 2023 | 18.30 | 17.85 | 18.40 | 17.70 | 0.872 times |
| 09 Mon Jan 2023 | 18.50 | 18.20 | 18.65 | 17.70 | 2.464 times |
| 06 Fri Jan 2023 | 18.20 | 18.45 | 18.45 | 17.55 | 0.457 times |
| 05 Thu Jan 2023 | 17.75 | 18.40 | 18.40 | 17.55 | 0.229 times |
| 04 Wed Jan 2023 | 17.75 | 18.10 | 18.40 | 17.60 | 0.131 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 17.6 as stoploss in an intra day buy trade for a target of 18.1. However, stock will show a bearish move below 17.6.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.25 |
| Downside Target | 17.15 |
| Upside Target | 18.45 |
| 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 | 16.97 |
| Downside Intraday Target | 16.28 |
| Upside Intraday Target | 18.67 |
| Upside Intraday Target | 19.68 |
| Upside Intraday Target | 17.98 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Tue Jan 2023 | 17.65 | 19.00 | 19.00 | 17.30 | 0.226 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 |
| 17 Tue Jan 2023 | 17.65 | 18.30 | 20.00 | 17.25 | 0.793 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 down 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 | 14, 16, 6 | Sell |
| MACD | -0, -0 | Buy |
| Stochastics | 32 | None |
| CCI | -80 | Sell |
| RSI | 48 | Sell |
| OBV | -17331 | Sell |
| VWAP | 18 | Sell |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mercantile in short term but the buy signal is initial and weak.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 18.3 and Mercantile (Mercantile) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.
Mercantile Stock has given negative 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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