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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 2023-01-17 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, -0Buy
Stochastics 32None
CCI -80Sell
RSI 48Sell
OBV -17331Sell
VWAP 18Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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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Daily charts

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Daily chart

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