(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 2023-09-15 View latest technical analysis
10 day averaged volume of Mercantile is 8707
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Fri Sep 2023 | 21.62 | 21.99 | 21.99 | 21.50 | 0.861 times |
| 14 Thu Sep 2023 | 21.99 | 22.20 | 22.50 | 20.40 | 1.519 times |
| 13 Wed Sep 2023 | 21.76 | 22.80 | 22.80 | 21.19 | 0.812 times |
| 12 Tue Sep 2023 | 21.05 | 22.98 | 22.98 | 20.90 | 0.891 times |
| 11 Mon Sep 2023 | 22.17 | 22.70 | 22.75 | 22.02 | 0.836 times |
| 08 Fri Sep 2023 | 22.64 | 22.40 | 23.95 | 22.40 | 0.617 times |
| 07 Thu Sep 2023 | 22.49 | 22.00 | 22.75 | 22.00 | 0.395 times |
| 06 Wed Sep 2023 | 22.40 | 23.00 | 23.60 | 21.76 | 1.358 times |
| 05 Tue Sep 2023 | 23.10 | 24.99 | 24.99 | 22.55 | 0.676 times |
| 04 Mon Sep 2023 | 23.44 | 23.07 | 24.29 | 22.69 | 1.779 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.9, but if it comes above 21.9, then a intra day buy could be more profitable.
If you take a sell trade below 21.9, then use 21.9 as stoploss and 20.7 as target. However if you take a buy trade in stock , then use 21.9 as stoploss and 22.88 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 16.00 |
| Downside Target | 17.12 |
| Downside Target | 18.00 |
| Downside Target | 18.95 |
| Downside Target | 19.50 |
| Downside Target | 20.40 |
| Downside Target | 20.98 |
| Downside Target | 21.50 |
| Upside Target | 22.98 |
| Upside Target | 23.44 |
| Upside Target | 24.99 |
| Upside Target | 25.60 |
| Upside Target | 27.20 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 20.35 |
| Downside Intraday Target | 19.09 |
| Upside Intraday Target | 22.93 |
| Upside Intraday Target | 24.25 |
| Upside Intraday Target | 21.67 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Fri Sep 2023 | 21.62 | 22.70 | 22.98 | 20.40 | 1.02 times |
| 08 Fri Sep 2023 | 22.64 | 23.07 | 24.99 | 21.76 | 0.539 times |
| 01 Fri Sep 2023 | 23.23 | 21.51 | 25.60 | 21.50 | 0.24 times |
| 25 Fri Aug 2023 | 22.89 | 19.40 | 27.20 | 19.01 | 12.883 times |
| 18 Fri Aug 2023 | 18.55 | 19.43 | 19.50 | 18.15 | 1.318 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 |
| 15 Fri Sep 2023 | 21.62 | 23.67 | 24.99 | 20.40 | 0.2 times |
| 31 Thu Aug 2023 | 23.67 | 19.75 | 27.20 | 18.00 | 1.956 times |
| 31 Mon Jul 2023 | 19.36 | 19.52 | 23.44 | 17.12 | 1.177 times |
| 30 Fri Jun 2023 | 19.00 | 16.60 | 20.98 | 16.20 | 1.697 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mercantile stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile in short term but the sell signal is initial and weak.
Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 buy signal for Mercantile in short term but BUY signal is weak.
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 22.33 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 positive
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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mercantile stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile in short term but the sell signal is initial and weak.
Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 buy signal for Mercantile in short term but BUY signal is weak.
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 22.33 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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