(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 2024-03-21 View latest technical analysis
10 day averaged volume of Mercantile is 2230
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Thu Mar 2024 | 21.89 | 22.09 | 23.04 | 20.99 | 1.738 times |
| 20 Wed Mar 2024 | 22.09 | 21.42 | 22.10 | 20.10 | 0.521 times |
| 19 Tue Mar 2024 | 21.07 | 22.48 | 22.48 | 21.01 | 1.679 times |
| 18 Mon Mar 2024 | 21.50 | 21.67 | 22.30 | 21.50 | 0.696 times |
| 15 Fri Mar 2024 | 21.67 | 22.00 | 22.00 | 21.65 | 1.505 times |
| 14 Thu Mar 2024 | 21.70 | 22.64 | 22.70 | 21.51 | 0.831 times |
| 13 Wed Mar 2024 | 22.64 | 23.45 | 23.45 | 21.91 | 1.157 times |
| 12 Tue Mar 2024 | 22.95 | 23.97 | 23.97 | 22.26 | 0.548 times |
| 11 Mon Mar 2024 | 22.86 | 24.74 | 24.74 | 22.80 | 0.886 times |
| 07 Thu Mar 2024 | 24.00 | 22.76 | 24.45 | 22.76 | 0.976 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22, but if it comes above 22, then a intra day buy could be more profitable.
If you take a sell trade below 22, then use 22 as stoploss and 20.4 as target. However if you take a buy trade in stock , then use 22 as stoploss and 23.34 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 20.10 |
| Downside Target | 21.00 |
| Downside Target | 21.51 |
| Upside Target | 22.41 |
| Upside Target | 24.10 |
| Upside Target | 24.74 |
| Upside Target | 26.00 |
| Upside Target | 26.48 |
| Upside Target | 27.00 |
| Upside Target | 27.18 |
| Upside Target | 29.27 |
| Upside Target | 37.14 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 20.31 |
| Downside Intraday Target | 18.74 |
| Upside Intraday Target | 23.25 |
| Upside Intraday Target | 24.62 |
| Downside Intraday Target | 21.68 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Thu Mar 2024 | 21.89 | 21.67 | 23.04 | 20.10 | 0.941 times |
| 15 Fri Mar 2024 | 21.67 | 24.74 | 24.74 | 21.51 | 0.977 times |
| 07 Thu Mar 2024 | 24.00 | 26.00 | 26.00 | 22.75 | 0.463 times |
| 02 Sat Mar 2024 | 25.00 | 25.75 | 26.48 | 23.20 | 0.961 times |
| 23 Fri Feb 2024 | 25.55 | 27.18 | 27.18 | 24.10 | 0.93 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 |
| 21 Thu Mar 2024 | 21.89 | 23.85 | 26.00 | 20.10 | 0.275 times |
| 29 Thu Feb 2024 | 23.95 | 28.91 | 29.27 | 23.20 | 0.164 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 |
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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are below the red 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
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 22.11 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are below the red 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
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 22.11 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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