(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 2024-05-28 View latest technical analysis
10 day averaged volume of Mercantile is 5931
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 19.30 | 20.98 | 20.98 | 19.20 | 1.331 times |
| 27 Mon May 2024 | 20.19 | 20.06 | 20.75 | 19.99 | 0.842 times |
| 24 Fri May 2024 | 20.06 | 21.34 | 21.79 | 19.88 | 3.764 times |
| 23 Thu May 2024 | 20.92 | 21.00 | 21.37 | 20.44 | 0.777 times |
| 22 Wed May 2024 | 20.40 | 22.00 | 22.19 | 20.22 | 1.763 times |
| 21 Tue May 2024 | 21.28 | 22.55 | 22.55 | 21.20 | 0.349 times |
| 18 Sat May 2024 | 22.20 | 22.20 | 22.20 | 22.20 | 0.002 times |
| 17 Fri May 2024 | 21.62 | 20.22 | 21.70 | 20.16 | 0.942 times |
| 16 Thu May 2024 | 21.21 | 22.20 | 22.29 | 21.21 | 0.699 times |
| 15 Wed May 2024 | 22.32 | 22.20 | 22.49 | 20.90 | 0.578 times |
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 19, for a target of 20.5 or 21.73
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 19.20 |
| Upside Target | 19.61 |
| Upside Target | 20.98 |
| Upside Target | 22.41 |
| Upside Target | 23.07 |
| Upside Target | 24.30 |
| 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 | 18.67 |
| Downside Intraday Target | 18.05 |
| Upside Intraday Target | 20.45 |
| Upside Intraday Target | 21.61 |
| Upside Intraday Target | 19.83 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 19.30 | 20.06 | 20.98 | 19.20 | 0.327 times |
| 24 Fri May 2024 | 20.06 | 22.55 | 22.55 | 19.88 | 2.335 times |
| 18 Sat May 2024 | 22.20 | 21.99 | 22.49 | 20.16 | 1.139 times |
| 10 Fri May 2024 | 21.36 | 24.48 | 24.48 | 21.02 | 1.227 times |
| 03 Fri May 2024 | 23.35 | 23.35 | 24.70 | 23.07 | 0.525 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 May 2024 | 19.30 | 24.00 | 24.70 | 19.20 | 1.38 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 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 SELL. Signal strength is Strong and stock is gaining 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 20.46 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 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 SELL. Signal strength is Strong and stock is gaining 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 20.46 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.
Click here for Mercantile charts
Click here for further forecast and predictions for tomorrow