(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 2023-03-13 View latest technical analysis
10 day averaged volume of Mercantile is 1898
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Mon Mar 2023 | 17.35 | 17.40 | 17.99 | 17.21 | 0.955 times |
| 10 Fri Mar 2023 | 17.38 | 18.40 | 18.40 | 17.20 | 0.06 times |
| 09 Thu Mar 2023 | 17.25 | 18.60 | 18.60 | 17.15 | 3.168 times |
| 08 Wed Mar 2023 | 17.61 | 17.90 | 18.70 | 17.21 | 1.504 times |
| 06 Mon Mar 2023 | 17.34 | 17.32 | 18.09 | 17.15 | 0.757 times |
| 03 Fri Mar 2023 | 17.67 | 17.16 | 17.99 | 17.13 | 0.718 times |
| 02 Thu Mar 2023 | 17.90 | 18.09 | 18.09 | 17.80 | 0.018 times |
| 01 Wed Mar 2023 | 17.89 | 17.15 | 18.00 | 17.15 | 1.998 times |
| 28 Tue Feb 2023 | 17.95 | 17.10 | 18.00 | 17.10 | 0.323 times |
| 27 Mon Feb 2023 | 17.75 | 18.35 | 18.35 | 17.15 | 1.048 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.4, but if it comes above 17.4, then a intra day buy could be more profitable.
If you take a sell trade below 17.4, then use 17.4 as stoploss and 17 as target. However if you take a buy trade in stock , then use 17.4 as stoploss and 17.71 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.15 |
| Downside Target | 17.05 |
| Upside Target | 17.99 |
| Upside Target | 18.35 |
| Upside Target | 18.70 |
| Upside Target | 18.85 |
| Upside Target | 19.45 |
| Upside Target | 20.00 |
| Upside Target | 20.80 |
| Upside Target | 21.20 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 17.04 |
| Downside Intraday Target | 16.74 |
| Upside Intraday Target | 17.82 |
| Upside Intraday Target | 18.3 |
| Upside Intraday Target | 17.52 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Mon Mar 2023 | 17.35 | 17.40 | 17.99 | 17.21 | 0.174 times |
| 10 Fri Mar 2023 | 17.38 | 17.32 | 18.70 | 17.15 | 1.337 times |
| 03 Fri Mar 2023 | 17.67 | 18.35 | 18.35 | 17.10 | 0.708 times |
| 24 Fri Feb 2023 | 17.95 | 17.85 | 18.85 | 17.05 | 0.377 times |
| 17 Fri Feb 2023 | 17.80 | 18.35 | 19.45 | 17.10 | 2.882 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 |
| 13 Mon Mar 2023 | 17.35 | 17.15 | 18.70 | 17.13 | 0.287 times |
| 28 Tue Feb 2023 | 17.95 | 19.00 | 19.45 | 16.15 | 0.624 times |
| 31 Tue Jan 2023 | 18.60 | 18.30 | 20.00 | 17.25 | 1.316 times |
| 30 Fri Dec 2022 | 17.75 | 18.90 | 20.80 | 16.25 | 0.768 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)
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 neutral. A longer time frame might give a better analysis.
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 gaining 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 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 and SELL signal is strong!
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
Although the stock is in the BUY zone, but buying 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 17.54 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.
Price action analysis of Mercantile ( (Mercantile) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 neutral. A longer time frame might give a better analysis.
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 gaining 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 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 and SELL signal is strong!
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
Although the stock is in the BUY zone, but buying 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 17.54 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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