(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 2024-01-08 View latest technical analysis
10 day averaged volume of Mercantile is 8104
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 23.16 | 23.45 | 24.50 | 22.62 | 0.728 times |
| 05 Fri Jan 2024 | 23.03 | 23.45 | 23.99 | 22.51 | 0.38 times |
| 04 Thu Jan 2024 | 22.91 | 23.45 | 23.70 | 22.50 | 0.379 times |
| 03 Wed Jan 2024 | 22.94 | 22.85 | 23.70 | 22.51 | 2.313 times |
| 02 Tue Jan 2024 | 22.72 | 24.12 | 24.12 | 22.41 | 0.362 times |
| 01 Mon Jan 2024 | 23.07 | 23.65 | 23.65 | 22.56 | 0.702 times |
| 29 Fri Dec 2023 | 23.19 | 23.10 | 24.00 | 22.05 | 2.344 times |
| 28 Thu Dec 2023 | 22.65 | 23.14 | 23.14 | 22.55 | 1.367 times |
| 27 Wed Dec 2023 | 22.72 | 23.25 | 23.25 | 22.50 | 0.679 times |
| 26 Tue Dec 2023 | 22.72 | 23.30 | 23.30 | 22.25 | 0.54 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 23.1, but if it comes below 23.1, then a intra day sell could be more profitable.
If you take a sell trade below 23.1, then use 23.1 as stoploss and 22.85 as target. However if you take a buy trade in stock , then use 23.1 as stoploss and 23.4 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 20.40 |
| Downside Target | 21.00 |
| Downside Target | 21.52 |
| Downside Target | 22.05 |
| Upside Target | 23.30 |
| Upside Target | 24.00 |
| Upside Target | 24.12 |
| Upside Target | 24.50 |
| Upside Target | 24.99 |
| Upside Target | 27.00 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 22.35 |
| Downside Intraday Target | 21.55 |
| Upside Intraday Target | 24.23 |
| Upside Intraday Target | 25.31 |
| Upside Intraday Target | 23.43 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 23.16 | 23.45 | 24.50 | 22.62 | 0.176 times |
| 05 Fri Jan 2024 | 23.03 | 23.65 | 24.12 | 22.41 | 0.839 times |
| 29 Fri Dec 2023 | 23.19 | 23.30 | 24.00 | 22.05 | 1.38 times |
| 22 Fri Dec 2023 | 22.62 | 22.50 | 23.45 | 21.52 | 0.687 times |
| 15 Fri Dec 2023 | 22.79 | 22.80 | 27.00 | 22.40 | 0.783 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 |
| 08 Mon Jan 2024 | 23.16 | 23.65 | 24.50 | 22.41 | 0.233 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 |
| 31 Tue Oct 2023 | 21.39 | 22.79 | 24.50 | 20.45 | 0.917 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Mercantile ( (Mercantile) ) based on a short 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.
Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid 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.
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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercantile in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercantile Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up
CCI has generated a buy signal for Mercantile in short term and BUY 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
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 22.95 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.
Mercantile Stock is giving positive 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Mercantile ( (Mercantile) ) based on a short 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.
Price action analysis of Mercantile ( (Mercantile) ) based on a short to mid 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.
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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercantile in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercantile Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up
CCI has generated a buy signal for Mercantile in short term and BUY 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
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 22.95 and Mercantile (Mercantile) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercantile (Mercantile) stock. Volume based technical analysis of Mercantile (Mercantile) stock is negative.
Mercantile Stock is giving positive 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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