(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 206710
Date | Daily Closing Price | Open | High | Low | Volume |
16 Tue Apr 2024 | 32.51 | 32.51 | 32.72 | 32.29 | 0.754 times |
15 Mon Apr 2024 | 32.86 | 33.30 | 33.65 | 32.48 | 1.02 times |
12 Fri Apr 2024 | 33.10 | 32.99 | 33.35 | 32.98 | 1.021 times |
11 Thu Apr 2024 | 33.23 | 33.05 | 33.40 | 32.69 | 0.939 times |
10 Wed Apr 2024 | 32.90 | 33.60 | 33.63 | 32.61 | 1.72 times |
09 Tue Apr 2024 | 34.49 | 33.98 | 34.66 | 33.88 | 0.771 times |
08 Mon Apr 2024 | 34.03 | 33.65 | 34.22 | 33.65 | 0.602 times |
05 Fri Apr 2024 | 33.63 | 33.41 | 33.77 | 33.36 | 0.816 times |
04 Thu Apr 2024 | 33.70 | 33.82 | 34.15 | 33.67 | 1.116 times |
03 Wed Apr 2024 | 33.45 | 33.49 | 33.77 | 33.31 | 0.845 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 32.2, for a target of 33 or 33.65
Share price targets for First Merchants (FRME)
Target Type | Value |
Downside Target | 30.59 |
Downside Target | 32.16 |
Upside Target | 34.66 |
Upside Target | 34.69 |
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 | 31.98 |
Downside Intraday Target | 31.46 |
Upside Intraday Target | 33.34 |
Upside Intraday Target | 34.18 |
Upside Intraday Target | 32.82 |
Weekly technical analysis of First Merchants (FRME)
Date | Weekly Closing Price | Open | High | Low | Volume |
16 Tue Apr 2024 | 32.51 | 33.30 | 33.65 | 32.29 | 0.351 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 |
22 Fri Mar 2024 | 33.53 | 32.71 | 34.69 | 32.40 | 0.546 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 |
16 Tue Apr 2024 | 32.51 | 35.05 | 35.05 | 32.29 | 0.357 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 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 First Merchants ( (FRME) ) 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 First Merchants ( (FRME) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of First Merchants ( (FRME) ) 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 First Merchants stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for First Merchants in short term and the sell signal is strong.
First Merchants 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 First Merchants 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
Stock of First Merchants is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 33.32 and First Merchants (FRME) 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 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 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 First Merchants ( (FRME) ) 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 First Merchants ( (FRME) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of First Merchants ( (FRME) ) 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 First Merchants stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for First Merchants in short term and the sell signal is strong.
First Merchants 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 First Merchants 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
Stock of First Merchants is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 33.32 and First Merchants (FRME) 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 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.