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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 2023-01-23 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, -0Buy
Stochastics 35None
CCI 121Buy
RSI 55Buy
OBV 7030Sell
VWAP 18Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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.

Click here for Mercantile charts

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Daily charts

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Daily chart

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