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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 2023-03-20 View latest technical analysis

10 day averaged volume of Mercantile is 2738

Date Daily Closing Price Open High Low Volume
20 Mon Mar 2023 17.23 17.11 17.65 17.11 0.523 times
17 Fri Mar 2023 17.31 17.20 17.60 17.11 0.292 times
16 Thu Mar 2023 17.90 17.16 18.45 17.11 0.678 times
15 Wed Mar 2023 17.85 18.40 18.49 17.22 3.103 times
14 Tue Mar 2023 17.95 17.11 18.70 17.11 0.962 times
13 Mon Mar 2023 17.35 17.40 17.99 17.21 0.662 times
10 Fri Mar 2023 17.38 18.40 18.40 17.20 0.041 times
09 Thu Mar 2023 17.25 18.60 18.60 17.15 2.196 times
08 Wed Mar 2023 17.61 17.90 18.70 17.21 1.043 times
06 Mon Mar 2023 17.34 17.32 18.09 17.15 0.524 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 17.1 as target. However if you take a buy trade in stock , then use 17.4 as stoploss and 17.63 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 16.15
Downside Target 17.05
Upside Target 17.65
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 17.01
Downside Intraday Target 16.79
Upside Intraday Target 17.55
Upside Intraday Target 17.87
Upside Intraday Target 17.33

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
20 Mon Mar 2023 17.23 17.11 17.65 17.11 0.092 times
17 Fri Mar 2023 17.31 17.40 18.70 17.11 1.497 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

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
20 Mon Mar 2023 17.23 17.15 18.70 17.11 0.537 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mercantile ( (Mercantile) ) based on a short 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.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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

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 17.6 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mercantile ( (Mercantile) ) based on a short 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.

Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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

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 17.6 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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