(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 2023-01-18 View latest technical analysis
10 day averaged volume of Mercantile is 4372
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Jan 2023 | 17.65 | 18.00 | 18.40 | 17.40 | 0.239 times |
| 17 Tue Jan 2023 | 17.65 | 18.35 | 18.85 | 17.30 | 1.486 times |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.225 times |
| 13 Fri Jan 2023 | 18.60 | 20.00 | 20.00 | 18.40 | 0.283 times |
| 12 Thu Jan 2023 | 18.60 | 19.45 | 19.45 | 18.00 | 3.286 times |
| 11 Wed Jan 2023 | 18.00 | 18.65 | 18.80 | 18.00 | 1.009 times |
| 10 Tue Jan 2023 | 18.30 | 17.85 | 18.40 | 17.70 | 0.779 times |
| 09 Mon Jan 2023 | 18.50 | 18.20 | 18.65 | 17.70 | 2.202 times |
| 06 Fri Jan 2023 | 18.20 | 18.45 | 18.45 | 17.55 | 0.408 times |
| 05 Thu Jan 2023 | 17.75 | 18.40 | 18.40 | 17.55 | 0.205 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 18.04. 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 |
| 18 Wed Jan 2023 | 17.65 | 19.00 | 19.00 | 17.30 | 0.258 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 |
| 18 Wed Jan 2023 | 17.65 | 18.30 | 20.00 | 17.25 | 0.807 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 | 13, 15, 6 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 20 | Sell |
| CCI | -102 | Sell |
| RSI | 48 | Sell |
| OBV | -19808 | Sell |
| VWAP | 18 | Sell |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 to mid 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 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 gaining momentum.
MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.
Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 18.29 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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