(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 2023-01-23 View latest technical analysis
10 day averaged volume of Mercantile is 4724
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Mon Jan 2023 | 19.30 | 18.95 | 19.50 | 18.30 | 3.093 times |
| 20 Fri Jan 2023 | 17.85 | 17.50 | 18.00 | 17.50 | 0.566 times |
| 19 Thu Jan 2023 | 17.55 | 18.05 | 18.65 | 17.40 | 0.633 times |
| 18 Wed Jan 2023 | 17.65 | 18.00 | 18.40 | 17.40 | 0.221 times |
| 17 Tue Jan 2023 | 17.65 | 18.35 | 18.85 | 17.30 | 1.375 times |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.208 times |
| 13 Fri Jan 2023 | 18.60 | 20.00 | 20.00 | 18.40 | 0.262 times |
| 12 Thu Jan 2023 | 18.60 | 19.45 | 19.45 | 18.00 | 3.041 times |
| 11 Wed Jan 2023 | 18.00 | 18.65 | 18.80 | 18.00 | 0.934 times |
| 10 Tue Jan 2023 | 18.30 | 17.85 | 18.40 | 17.70 | 0.721 times |
Stock of Mercantile (Mercantile) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 19.1, for a target of 18.5 or 18.1
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.25 |
| Downside Target | 17.15 |
| Downside Target | 18.30 |
| Downside Target | 19.00 |
| Upside Target | 19.50 |
| 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 | 18.57 |
| Downside Intraday Target | 17.83 |
| Upside Intraday Target | 19.77 |
| Upside Intraday Target | 20.23 |
| Downside Intraday Target | 19.03 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Mon Jan 2023 | 19.30 | 18.95 | 19.50 | 18.30 | 1.03 times |
| 20 Fri Jan 2023 | 17.85 | 19.00 | 19.00 | 17.30 | 0.429 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 |
Price has moved up 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 |
| 23 Mon Jan 2023 | 19.30 | 18.30 | 20.00 | 17.25 | 1.081 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 | 24, 11, 37 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 35 | None |
| CCI | 121 | Buy |
| RSI | 55 | Buy |
| OBV | 7030 | Sell |
| VWAP | 18 | Buy |
| ADL | 0 | Sell |
| ROC | 4 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Mercantile ( (Mercantile) ) based on a short 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 short 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 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 Strong and stock is gaining 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mercantile in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 18.49 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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