(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 2023-01-19 View latest technical analysis
10 day averaged volume of Mercantile is 4425
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Thu Jan 2023 | 17.55 | 18.05 | 18.65 | 17.40 | 0.675 times |
| 18 Wed Jan 2023 | 17.65 | 18.00 | 18.40 | 17.40 | 0.236 times |
| 17 Tue Jan 2023 | 17.65 | 18.35 | 18.85 | 17.30 | 1.468 times |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.222 times |
| 13 Fri Jan 2023 | 18.60 | 20.00 | 20.00 | 18.40 | 0.28 times |
| 12 Thu Jan 2023 | 18.60 | 19.45 | 19.45 | 18.00 | 3.247 times |
| 11 Wed Jan 2023 | 18.00 | 18.65 | 18.80 | 18.00 | 0.997 times |
| 10 Tue Jan 2023 | 18.30 | 17.85 | 18.40 | 17.70 | 0.77 times |
| 09 Mon Jan 2023 | 18.50 | 18.20 | 18.65 | 17.70 | 2.175 times |
| 06 Fri Jan 2023 | 18.20 | 18.45 | 18.45 | 17.55 | 0.403 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.6, but if it comes above 17.6, then a intra day buy could be more profitable.
If you take a sell trade below 17.6, then use 17.6 as stoploss and 17.1 as target. However if you take a buy trade in stock , then use 17.6 as stoploss and 17.98 as target.
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 | 16.9 |
| Downside Intraday Target | 16.25 |
| Upside Intraday Target | 18.6 |
| Upside Intraday Target | 19.65 |
| Upside Intraday Target | 17.95 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Thu Jan 2023 | 17.55 | 19.00 | 19.00 | 17.30 | 0.348 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 |
| 19 Thu Jan 2023 | 17.55 | 18.30 | 20.00 | 17.25 | 0.848 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, 13, 3 | Buy |
| MACD | -1, -0 | Sell |
| Stochastics | 12 | Sell |
| CCI | -89 | Buy |
| RSI | 50 | Buy |
| OBV | -19878 | 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 Weak and stock is losing 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 buy signal for Mercantile in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 18.26 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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