(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 2024-05-08 View latest technical analysis
10 day averaged volume of Mercantile is 3019
Date | Daily Closing Price | Open | High | Low | Volume |
08 Wed May 2024 | 21.81 | 22.16 | 22.69 | 21.51 | 2.564 times |
07 Tue May 2024 | 22.38 | 23.80 | 23.80 | 22.01 | 0.948 times |
06 Mon May 2024 | 22.94 | 24.48 | 24.48 | 22.33 | 0.472 times |
03 Fri May 2024 | 23.35 | 23.50 | 23.99 | 23.10 | 0.486 times |
02 Thu May 2024 | 24.03 | 24.00 | 24.70 | 23.07 | 0.918 times |
30 Tue Apr 2024 | 24.00 | 23.40 | 24.30 | 23.31 | 1.806 times |
29 Mon Apr 2024 | 23.16 | 23.35 | 24.00 | 23.11 | 0.796 times |
26 Fri Apr 2024 | 23.56 | 23.01 | 24.15 | 23.01 | 1.999 times |
25 Thu Apr 2024 | 23.01 | 23.50 | 23.50 | 23.00 | 1.023 times |
24 Wed Apr 2024 | 23.11 | 23.00 | 23.87 | 22.67 | 1.087 times |
Stock of Mercantile (Mercantile) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22, but if it comes above 22, then a intra day buy could be more profitable.
If you take a sell trade below 22, then use 22 as stoploss and 21.1 as target. However if you take a buy trade in stock , then use 22 as stoploss and 22.83 as target.
Share price targets for Mercantile (Mercantile)
Target Type | Value |
Downside Target | 19.61 |
Downside Target | 20.10 |
Downside Target | 20.96 |
Downside Target | 21.47 |
Upside Target | 22.41 |
Upside Target | 22.99 |
Upside Target | 24.15 |
Upside Target | 24.48 |
Upside Target | 24.70 |
Upside Target | 26.00 |
Upside Target | 29.27 |
Upside Target | 37.14 |
Intraday share price targets for Mercantile (Mercantile)
Target Type | Value |
Downside Intraday Target | 20.72 |
Downside Intraday Target | 19.63 |
Upside Intraday Target | 23.69 |
Upside Intraday Target | 25.57 |
Upside Intraday Target | 22.6 |
Weekly technical analysis of Mercantile (Mercantile)
Date | Weekly Closing Price | Open | High | Low | Volume |
08 Wed May 2024 | 21.81 | 24.48 | 24.48 | 21.51 | 0.995 times |
03 Fri May 2024 | 23.35 | 23.35 | 24.70 | 23.07 | 0.525 times |
26 Fri Apr 2024 | 23.56 | 22.45 | 24.15 | 21.47 | 2.32 times |
19 Fri Apr 2024 | 22.33 | 22.05 | 22.99 | 20.96 | 1.111 times |
12 Fri Apr 2024 | 22.06 | 24.29 | 24.29 | 21.65 | 0.63 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 |
08 Wed May 2024 | 21.81 | 24.00 | 24.70 | 21.51 | 0.254 times |
30 Tue Apr 2024 | 24.00 | 20.15 | 24.30 | 19.61 | 0.873 times |
28 Thu Mar 2024 | 20.55 | 23.85 | 26.00 | 20.10 | 0.568 times |
29 Thu Feb 2024 | 23.95 | 28.91 | 29.27 | 23.20 | 0.164 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 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 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 SELL. 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 green color and prices are in or below the green 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 23.05 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 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 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 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 SELL. 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 green color and prices are in or below the green 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 23.05 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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