(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 2024-05-31 View latest technical analysis
10 day averaged volume of Mercantile is 6270
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 19.87 | 19.85 | 20.27 | 19.85 | 0.99 times |
| 30 Thu May 2024 | 19.31 | 19.99 | 19.99 | 19.24 | 0.166 times |
| 29 Wed May 2024 | 19.54 | 19.35 | 19.81 | 19.00 | 0.593 times |
| 28 Tue May 2024 | 19.30 | 20.98 | 20.98 | 19.20 | 1.259 times |
| 27 Mon May 2024 | 20.19 | 20.06 | 20.75 | 19.99 | 0.797 times |
| 24 Fri May 2024 | 20.06 | 21.34 | 21.79 | 19.88 | 3.56 times |
| 23 Thu May 2024 | 20.92 | 21.00 | 21.37 | 20.44 | 0.735 times |
| 22 Wed May 2024 | 20.40 | 22.00 | 22.19 | 20.22 | 1.668 times |
| 21 Tue May 2024 | 21.28 | 22.55 | 22.55 | 21.20 | 0.33 times |
| 18 Sat May 2024 | 22.20 | 22.20 | 22.20 | 22.20 | 0.002 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20, but if it comes above 20, then a intra day buy could be more profitable.
If you take a sell trade below 20, then use 20 as stoploss and 18.7 as target. However if you take a buy trade in stock , then use 20 as stoploss and 21.1 as target.
Share price targets for Mercantile (Mercantile)
| Target Type | Value |
| Downside Target | 19.00 |
| Downside 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 | 18.92 |
| Downside Intraday Target | 17.97 |
| Upside Intraday Target | 20.9 |
| Upside Intraday Target | 21.93 |
| Upside Intraday Target | 19.95 |
Weekly technical analysis of Mercantile (Mercantile)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 19.87 | 20.06 | 20.98 | 19.00 | 0.605 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 |
| 31 Fri May 2024 | 19.87 | 24.00 | 24.70 | 19.00 | 1.552 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, and volume has increased substantially. This means that the move can 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 losing momentum.
MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 20.07 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 losing momentum.
MACD generated a SELL signal for Mercantile in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercantile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 20.07 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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