(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)
10 day averaged volume of Mercantile is 3257
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue Mar 2023 | 16.01 | 16.96 | 17.60 | 15.56 | 2.321 times |
| 27 Mon Mar 2023 | 16.96 | 18.90 | 18.90 | 16.90 | 0.199 times |
| 24 Fri Mar 2023 | 16.87 | 17.00 | 17.00 | 16.84 | 0.367 times |
| 23 Thu Mar 2023 | 17.09 | 17.00 | 18.10 | 16.83 | 0.545 times |
| 22 Wed Mar 2023 | 17.26 | 17.90 | 18.40 | 16.65 | 4.062 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 | 0.44 times |
| 17 Fri Mar 2023 | 17.31 | 17.20 | 17.60 | 17.11 | 0.246 times |
| 16 Thu Mar 2023 | 17.90 | 17.16 | 18.45 | 17.11 | 0.57 times |
| 15 Wed Mar 2023 | 17.85 | 18.40 | 18.49 | 17.22 | 2.609 times |
Stock of Mercantile (Mercantile) has showed a significant fall. This could be a good time to exit from this stock.
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 16.4, for a target of 17 or 17.43
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 15.56 |
| Upside Target | 16.15 |
| Upside Target | 17.10 |
| Upside Target | 18.35 |
| Upside Target | 18.70 |
| Upside Target | 18.90 |
| 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 | 14.75 |
| Downside Intraday Target | 13.48 |
| Upside Intraday Target | 18.09 |
| Upside Intraday Target | 20.16 |
| Upside Intraday Target | 16.82 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue Mar 2023 | 16.01 | 18.90 | 18.90 | 15.56 | 0.453 times |
| 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 |
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 |
| 28 Tue Mar 2023 | 16.01 | 17.15 | 18.90 | 15.56 | 0.947 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 16, 18 | Buy |
| MACD | -1, -0 | Sell |
| Stochastics | 16 | Sell |
| CCI | -228 | Sell |
| RSI | 47 | Sell |
| OBV | -41643 | Sell |
| VWAP | 17 | Sell |
| ADL | 0 | Sell |
| ROC | -11 | Sell |
| Force Index | 0 | Sell |
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 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 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 Weak and stock is losing 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 SELL signal in short term and selling is picking up 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 17.15 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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