(FRME) First Merchants complete technical analysis [charts+indicators] | Buy/Sell First Merchants | (FRME) share price targets
Complete technical analysis of First Merchants (FRME) by charts plus indicators, forecast predictions and share price targets for First Merchants (FRME)
First Merchants trades in USA in Finance sector.
10 day averaged volume of First Merchants is 208430
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 33.99 | 33.97 | 34.33 | 33.74 | 2.711 times |
| 19 Fri Apr 2024 | 34.07 | 32.83 | 34.12 | 32.70 | 1.475 times |
| 18 Thu Apr 2024 | 32.92 | 32.38 | 33.08 | 32.38 | 1.003 times |
| 17 Wed Apr 2024 | 32.48 | 32.83 | 33.00 | 32.31 | 0.751 times |
| 16 Tue Apr 2024 | 32.51 | 32.51 | 32.72 | 32.29 | 0.748 times |
| 15 Mon Apr 2024 | 32.86 | 33.30 | 33.65 | 32.48 | 1.012 times |
| 12 Fri Apr 2024 | 33.10 | 32.99 | 33.35 | 32.98 | 1.013 times |
| 11 Thu Apr 2024 | 33.23 | 33.05 | 33.40 | 32.69 | 0.932 times |
| 10 Wed Apr 2024 | 32.90 | 33.60 | 33.63 | 32.61 | 1.706 times |
| 09 Tue Apr 2024 | 34.49 | 33.98 | 34.66 | 33.88 | 0.764 times |
Stock of First Merchants (FRME) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 34.3 as stoploss in an intra day sell trade for a target of 33.58. However, stock will show a bullish move above 34.3.
Share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Target | 30.59 |
| Downside Target | 32.16 |
| Upside Target | 34.33 |
| Upside Target | 34.66 |
| Upside Target | 35.05 |
| Upside Target | 35.19 |
| Upside Target | 35.20 |
| Upside Target | 35.51 |
| Upside Target | 37.85 |
| Upside Target | 38.16 |
Intraday share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Intraday Target | 33.71 |
| Downside Intraday Target | 33.43 |
| Upside Intraday Target | 34.3 |
| Upside Intraday Target | 34.61 |
| Upside Intraday Target | 34.02 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 33.99 | 33.97 | 34.33 | 33.74 | 0.544 times |
| 19 Fri Apr 2024 | 34.07 | 33.30 | 34.12 | 32.29 | 0.995 times |
| 12 Fri Apr 2024 | 33.10 | 33.65 | 34.66 | 32.61 | 1.038 times |
| 05 Fri Apr 2024 | 33.63 | 35.05 | 35.05 | 33.31 | 1.151 times |
| 28 Thu Mar 2024 | 34.90 | 33.63 | 35.20 | 33.08 | 0.778 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 First Merchants (FRME)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 33.99 | 35.05 | 35.05 | 32.29 | 0.539 times |
| 28 Thu Mar 2024 | 34.90 | 33.00 | 35.51 | 32.16 | 1.253 times |
| 29 Thu Feb 2024 | 33.20 | 33.94 | 35.19 | 32.42 | 1.138 times |
| 31 Wed Jan 2024 | 33.81 | 36.64 | 37.85 | 33.68 | 0.891 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 First Merchants (FRME)
Price action analysis of First Merchants ( (FRME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of First Merchants ( (FRME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of First Merchants ( (FRME) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of First Merchants ( (FRME) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for First Merchants stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for First Merchants in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
First Merchants 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 red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for First Merchants 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of First Merchants is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 33.38 and First Merchants (FRME) 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 First Merchants (FRME) stock. Volume based technical analysis of First Merchants (FRME) stock is negative.
First Merchants 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 First Merchants ( (FRME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of First Merchants ( (FRME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of First Merchants ( (FRME) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of First Merchants ( (FRME) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for First Merchants stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for First Merchants in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
First Merchants 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 red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for First Merchants 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of First Merchants is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 33.38 and First Merchants (FRME) 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 First Merchants (FRME) stock. Volume based technical analysis of First Merchants (FRME) stock is negative.
First Merchants 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.