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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 2023-03-24 View latest technical analysis

10 day averaged volume of Mercantile is 3265

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	16.87	17.00	17.00	16.84	0.366 times
23 Thu Mar 2023	17.09	17.00	18.10	16.83	0.544 times
22 Wed Mar 2023	17.26	17.90	18.40	16.65	4.052 times
21 Tue Mar 2023	17.78	16.51	17.78	16.51	0.154 times
20 Mon Mar 2023	17.23	17.11	17.65	17.11	0.439 times
17 Fri Mar 2023	17.31	17.20	17.60	17.11	0.245 times
16 Thu Mar 2023	17.90	17.16	18.45	17.11	0.568 times
15 Wed Mar 2023	17.85	18.40	18.49	17.22	2.602 times
14 Tue Mar 2023	17.95	17.11	18.70	17.11	0.806 times
13 Mon Mar 2023	17.35	17.40	17.99	17.21	0.555 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 16.8, for a target of 17.2 or 17.56

Share price targets for Mercantile (Mercantile)

Target Type	Value
Downside Target	16.15
Upside 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	16.12
Downside Intraday Target	15.37
Upside Intraday Target	18.01
Upside Intraday Target	19.15
Upside Intraday Target	17.26

Weekly technical analysis of Mercantile (Mercantile)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	16.87	17.11	18.40	16.51	1.163 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
24 Fri Mar 2023	16.87	17.15	18.70	16.51	0.812 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 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 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 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 17.49 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.