(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 2023-01-25 View latest technical analysis
10 day averaged volume of Mercantile is 5313
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Wed Jan 2023 | 18.65 | 18.20 | 19.00 | 17.65 | 1.305 times |
| 24 Tue Jan 2023 | 18.55 | 19.60 | 19.60 | 18.50 | 0.811 times |
| 23 Mon Jan 2023 | 19.30 | 18.95 | 19.50 | 18.30 | 2.75 times |
| 20 Fri Jan 2023 | 17.85 | 17.50 | 18.00 | 17.50 | 0.504 times |
| 19 Thu Jan 2023 | 17.55 | 18.05 | 18.65 | 17.40 | 0.563 times |
| 18 Wed Jan 2023 | 17.65 | 18.00 | 18.40 | 17.40 | 0.197 times |
| 17 Tue Jan 2023 | 17.65 | 18.35 | 18.85 | 17.30 | 1.222 times |
| 16 Mon Jan 2023 | 18.35 | 19.00 | 19.00 | 18.15 | 0.185 times |
| 13 Fri Jan 2023 | 18.60 | 20.00 | 20.00 | 18.40 | 0.233 times |
| 12 Thu Jan 2023 | 18.60 | 19.45 | 19.45 | 18.00 | 2.704 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.6, but if it comes below 18.6, then a intra day sell could be more profitable.
If you take a sell trade below 18.6, then use 18.6 as stoploss and 18.14 as target. However if you take a buy trade in stock , then use 18.6 as stoploss and 19.2 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.25 |
| Downside Target | 17.15 |
| Downside Target | 18.45 |
| 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 | 17.67 |
| Downside Intraday Target | 16.68 |
| Upside Intraday Target | 19.62 |
| Upside Intraday Target | 20.58 |
| Downside Intraday Target | 18.63 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Wed Jan 2023 | 18.65 | 18.95 | 19.60 | 17.65 | 1.822 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mercantile (Mercantile)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 25 Wed Jan 2023 | 18.65 | 18.30 | 20.00 | 17.25 | 1.233 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 | 20, 16, 10 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 57 | None |
| CCI | 6 | Sell |
| RSI | 51 | Buy |
| OBV | 4936 | Sell |
| VWAP | 19 | 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is
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 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
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 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 18.56 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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