(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 2024-01-09 View latest technical analysis
10 day averaged volume of Mercantile is 7937
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 27.79 | 23.15 | 27.79 | 23.15 | 12.494 times |
| 08 Mon Jan 2024 | 23.16 | 23.45 | 24.50 | 22.62 | 0.743 times |
| 05 Fri Jan 2024 | 23.03 | 23.45 | 23.99 | 22.51 | 0.388 times |
| 04 Thu Jan 2024 | 22.91 | 23.45 | 23.70 | 22.50 | 0.387 times |
| 03 Wed Jan 2024 | 22.94 | 22.85 | 23.70 | 22.51 | 2.362 times |
| 02 Tue Jan 2024 | 22.72 | 24.12 | 24.12 | 22.41 | 0.37 times |
| 01 Mon Jan 2024 | 23.07 | 23.65 | 23.65 | 22.56 | 0.717 times |
| 29 Fri Dec 2023 | 23.19 | 23.10 | 24.00 | 22.05 | 2.394 times |
| 28 Thu Dec 2023 | 22.65 | 23.14 | 23.14 | 22.55 | 1.396 times |
| 27 Wed Dec 2023 | 22.72 | 23.25 | 23.25 | 22.50 | 0.693 times |
Stock of Mercantile (Mercantile) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 25.5, for a target of 24.2 or 23.08
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 |
| Downside Target | 23.30 |
| Downside Target | 24.00 |
| Downside Target | 24.12 |
| Downside Target | 24.50 |
| Downside Target | 24.99 |
| Downside Target | 27.00 |
| Downside Target | 27.79 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 24.34 |
| Downside Intraday Target | 20.9 |
| Upside Intraday Target | 29.51 |
| Upside Intraday Target | 31.24 |
| Downside Intraday Target | 26.07 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 27.79 | 23.45 | 27.79 | 22.62 | 3.135 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mercantile (Mercantile)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 27.79 | 23.65 | 27.79 | 22.41 | 0.819 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 up 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 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 25.71 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 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 25.71 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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