(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 2023-01-24 View latest technical analysis
10 day averaged volume of Mercantile is 5223
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Tue Jan 2023 | 18.55 | 19.60 | 19.60 | 18.50 | 0.825 times |
| 23 Mon Jan 2023 | 19.30 | 18.95 | 19.50 | 18.30 | 2.798 times |
| 20 Fri Jan 2023 | 17.85 | 17.50 | 18.00 | 17.50 | 0.512 times |
| 19 Thu Jan 2023 | 17.55 | 18.05 | 18.65 | 17.40 | 0.572 times |
| 18 Wed Jan 2023 | 17.65 | 18.00 | 18.40 | 17.40 | 0.2 times |
| 17 Tue Jan 2023 | 17.65 | 18.35 | 18.85 | 17.30 | 1.244 times |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.188 times |
| 13 Fri Jan 2023 | 18.60 | 20.00 | 20.00 | 18.40 | 0.237 times |
| 12 Thu Jan 2023 | 18.60 | 19.45 | 19.45 | 18.00 | 2.751 times |
| 11 Wed Jan 2023 | 18.00 | 18.65 | 18.80 | 18.00 | 0.845 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 18.6 as stoploss in an intra day sell trade for a target of 18.11. However, stock will show a bullish move above 18.6.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.25 |
| Downside Target | 17.15 |
| Downside Target | 18.30 |
| Upside Target | 19.00 |
| Upside Target | 19.60 |
| 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 | 18.03 |
| Downside Intraday Target | 17.52 |
| Upside Intraday Target | 19.33 |
| Upside Intraday Target | 20.12 |
| Upside Intraday Target | 18.82 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Tue Jan 2023 | 18.55 | 18.95 | 19.60 | 18.30 | 1.334 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 |
| 24 Tue Jan 2023 | 18.55 | 18.30 | 20.00 | 17.25 | 1.139 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 | 23, 10, 37 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 47 | None |
| CCI | 76 | Sell |
| RSI | 53 | Buy |
| OBV | 1519 | Sell |
| VWAP | 19 | Buy |
| ADL | 0 | Sell |
| ROC | 1 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantile in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 18.5 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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