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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 2024-09-12 View latest technical analysis

10 day averaged volume of Mercantile is 4917

Date Daily Closing Price Open High Low Volume
12 Thu Sep 2024 25.55 25.27 26.73 25.25 1.079 times
11 Wed Sep 2024 25.71 26.48 26.48 25.02 2.236 times
10 Tue Sep 2024 25.50 26.73 26.73 25.31 0.786 times
09 Mon Sep 2024 25.58 25.30 26.49 25.30 0.307 times
06 Fri Sep 2024 25.71 26.03 26.50 25.25 0.832 times
05 Thu Sep 2024 26.03 26.33 26.88 25.25 0.361 times
04 Wed Sep 2024 26.33 27.23 27.23 25.52 0.311 times
03 Tue Sep 2024 26.03 26.99 26.99 25.31 1.873 times
02 Mon Sep 2024 26.45 27.89 27.89 26.00 1.195 times
30 Fri Aug 2024 26.98 25.12 26.98 25.12 0.914 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 25.6, but if it comes above 25.6, then a intra day buy could be more profitable.
If you take a sell trade below 25.6, then use 25.6 as stoploss and 24.8 as target. However if you take a buy trade in stock , then use 25.6 as stoploss and 26.2 as target.

Share price targets for Mercantile (Mercantile)

Target Type Value
Downside Target 19.00
Downside Target 23.91
Downside Target 24.44
Upside Target 26.72
Upside Target 26.73
Upside Target 27.82
Upside Target 27.89
Upside Target 29.20
Upside Target 30.70
Upside Target 33.65

Intraday share price targets for Mercantile (Mercantile)

Target Type Value
Downside Intraday Target 24.8
Downside Intraday Target 24.06
Upside Intraday Target 26.51
Upside Intraday Target 27.48
Upside Intraday Target 25.77

Weekly technical analysis of Mercantile (Mercantile)

Date Weekly Closing Price Open High Low Volume
12 Thu Sep 2024 25.55 25.30 26.73 25.02 0.964 times
06 Fri Sep 2024 25.71 27.89 27.89 25.25 0.803 times
30 Fri Aug 2024 26.98 29.10 29.20 25.12 0.424 times
23 Fri Aug 2024 27.81 27.06 27.82 24.44 2.667 times
16 Fri Aug 2024 25.89 25.40 26.72 23.91 2.054 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
12 Thu Sep 2024 25.55 27.89 27.89 25.02 0.318 times
30 Fri Aug 2024 26.98 25.99 29.20 23.91 0.279 times
31 Wed Jul 2024 25.58 28.93 30.70 24.75 1.271 times
28 Fri Jun 2024 30.45 19.47 33.65 19.09 3.95 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 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 Weak and stock is gaining 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 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 25.97 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 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 Weak and stock is gaining 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 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 25.97 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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Daily charts

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