(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 2024-02-21 View latest technical analysis
10 day averaged volume of Mercantile is 6246
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Wed Feb 2024 | 25.20 | 25.33 | 26.00 | 25.11 | 0.443 times |
| 20 Tue Feb 2024 | 26.38 | 26.55 | 26.65 | 25.00 | 2.023 times |
| 19 Mon Feb 2024 | 25.67 | 27.18 | 27.18 | 25.01 | 0.519 times |
| 16 Fri Feb 2024 | 26.00 | 26.29 | 26.29 | 25.20 | 0.423 times |
| 15 Thu Feb 2024 | 25.15 | 26.05 | 26.98 | 24.75 | 1.109 times |
| 14 Wed Feb 2024 | 26.05 | 27.80 | 27.80 | 26.04 | 0.698 times |
| 13 Tue Feb 2024 | 27.41 | 26.00 | 27.65 | 25.85 | 1.209 times |
| 12 Mon Feb 2024 | 27.21 | 28.99 | 29.00 | 26.33 | 0.908 times |
| 09 Fri Feb 2024 | 27.71 | 26.00 | 27.80 | 26.00 | 1.559 times |
| 08 Thu Feb 2024 | 26.65 | 26.78 | 27.68 | 25.52 | 0.598 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.1, but if it comes above 26.1, then a intra day buy could be more profitable.
If you take a sell trade below 26.1, then use 26.1 as stoploss and 24.7 as target. However if you take a buy trade in stock , then use 26.1 as stoploss and 27.25 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 20.45 |
| Downside Target | 21.00 |
| Downside Target | 21.52 |
| Downside Target | 22.41 |
| Downside Target | 23.30 |
| Downside Target | 24.50 |
| Upside Target | 25.52 |
| Upside Target | 27.00 |
| Upside Target | 28.30 |
| Upside Target | 29.00 |
| Upside Target | 29.20 |
| Upside Target | 29.27 |
| Upside Target | 30.00 |
| Upside Target | 32.60 |
| Upside Target | 37.14 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 24.41 |
| Downside Intraday Target | 23.61 |
| Upside Intraday Target | 26.59 |
| Upside Intraday Target | 27.97 |
| Upside Intraday Target | 25.79 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Wed Feb 2024 | 25.20 | 27.18 | 27.18 | 25.00 | 0.687 times |
| 16 Fri Feb 2024 | 26.00 | 28.99 | 29.00 | 24.75 | 0.749 times |
| 09 Fri Feb 2024 | 27.71 | 27.71 | 29.20 | 25.52 | 0.674 times |
| 02 Fri Feb 2024 | 28.36 | 29.20 | 30.00 | 27.01 | 1.51 times |
| 25 Thu Jan 2024 | 28.50 | 30.80 | 32.60 | 28.30 | 0.314 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 |
| 21 Wed Feb 2024 | 25.20 | 28.91 | 29.27 | 24.75 | 0.128 times |
| 31 Wed Jan 2024 | 28.49 | 23.65 | 37.14 | 22.41 | 4.657 times |
| 29 Fri Dec 2023 | 23.19 | 22.05 | 27.00 | 21.52 | 1.475 times |
| 30 Thu Nov 2023 | 22.16 | 21.39 | 23.30 | 21.00 | 0.798 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercantile stock for short term is SELL. 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 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 but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 26.55 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercantile stock for short term is SELL. 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 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 but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 26.55 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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