(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 2024-02-01 View latest technical analysis
10 day averaged volume of Mercantile is 12439
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Feb 2024 | 28.39 | 28.91 | 28.91 | 27.56 | 0.486 times |
| 31 Wed Jan 2024 | 28.49 | 28.00 | 29.33 | 27.37 | 0.889 times |
| 30 Tue Jan 2024 | 28.37 | 28.05 | 29.49 | 28.00 | 1.166 times |
| 29 Mon Jan 2024 | 28.55 | 29.20 | 30.00 | 27.01 | 0.75 times |
| 25 Thu Jan 2024 | 28.50 | 28.98 | 29.70 | 28.30 | 0.683 times |
| 24 Wed Jan 2024 | 28.98 | 29.28 | 30.87 | 28.50 | 0.628 times |
| 23 Tue Jan 2024 | 29.88 | 30.90 | 32.00 | 29.20 | 0.629 times |
| 22 Mon Jan 2024 | 30.77 | 30.80 | 32.60 | 29.74 | 0.924 times |
| 19 Fri Jan 2024 | 29.73 | 29.99 | 30.90 | 28.75 | 1.573 times |
| 18 Thu Jan 2024 | 28.74 | 28.05 | 29.00 | 27.00 | 1.505 times |
My analysis of stock is bearish for shortterm, and stock might move down till 25.7 or till 22.3. Use a stoploss of 28.64 and if the stock hits stoploss, then it can shoot up till 31.54
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 20.45 |
| Downside Target | 21.00 |
| Downside Target | 21.52 |
| Downside Target | 22.41 |
| Downside Target | 23.30 |
| Downside Target | 24.12 |
| Downside Target | 26.42 |
| Downside Target | 27.00 |
| Downside Target | 27.56 |
| Downside Target | 28.30 |
| Upside Target | 28.91 |
| Upside Target | 30.00 |
| Upside Target | 32.50 |
| Upside Target | 32.60 |
| Upside Target | 37.14 |
Intraday share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Intraday Target | 26.93 |
| Downside Intraday Target | 25.48 |
| Upside Intraday Target | 29.92 |
| Upside Intraday Target | 31.46 |
| Upside Intraday Target | 28.47 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Feb 2024 | 28.39 | 29.20 | 30.00 | 27.01 | 1.149 times |
| 25 Thu Jan 2024 | 28.50 | 30.80 | 32.60 | 28.30 | 0.314 times |
| 19 Fri Jan 2024 | 29.73 | 32.13 | 32.50 | 26.42 | 0.199 times |
| 12 Fri Jan 2024 | 32.13 | 23.45 | 37.14 | 22.62 | 17.011 times |
| 05 Fri Jan 2024 | 23.03 | 23.65 | 24.12 | 22.41 | 0.839 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 |
| 01 Thu Feb 2024 | 28.39 | 28.91 | 28.91 | 27.56 | 0.008 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 |
| 30 Thu Nov 2023 | 22.16 | 21.39 | 23.30 | 21.00 | 0.798 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 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 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 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 Weak and stock is losing 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 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 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 29.08 and Mercantile (Mercantile) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 Weak and stock is losing 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 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 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 29.08 and Mercantile (Mercantile) stock is trading below this level. This means that stock is falling with high volumes. 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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