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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 2023-03-15 View latest technical analysis

10 day averaged volume of Mercantile is 2067

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed Mar 2023	17.85	18.40	18.49	17.22	4.111 times
14 Tue Mar 2023	17.95	17.11	18.70	17.11	1.274 times
13 Mon Mar 2023	17.35	17.40	17.99	17.21	0.877 times
10 Fri Mar 2023	17.38	18.40	18.40	17.20	0.055 times
09 Thu Mar 2023	17.25	18.60	18.60	17.15	2.909 times
08 Wed Mar 2023	17.61	17.90	18.70	17.21	1.381 times
06 Mon Mar 2023	17.34	17.32	18.09	17.15	0.695 times
03 Fri Mar 2023	17.67	17.16	17.99	17.13	0.659 times
02 Thu Mar 2023	17.90	18.09	18.09	17.80	0.016 times
01 Wed Mar 2023	17.89	17.15	18.00	17.15	1.835 times

Stock of Mercantile (Mercantile) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 18 or till 18.4. Use a stoploss of 17.73 and if this stock hits its stoploss, then it can fall down till 17.43

Share price targets for Mercantile (Mercantile)

Target Type	Value
Downside Target	16.15
Downside Target	17.05
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	17.07
Downside Intraday Target	16.3
Upside Intraday Target	18.66
Upside Intraday Target	19.48
Upside Intraday Target	17.89

Weekly technical analysis of Mercantile (Mercantile)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed Mar 2023	17.85	17.40	18.70	17.11	1.242 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 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
15 Wed Mar 2023	17.85	17.15	18.70	17.11	0.47 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 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 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 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 red color and prices are below the red 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 and the buying is gaining 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 17.65 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 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.