(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.
Showing technical analysis as on 2024-02-21 View latest technical analysis
10 day averaged volume of First Merchants is 296600
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Wed Feb 2024 | 34.06 | 34.00 | 34.14 | 33.64 | 0.779 times |
| 20 Tue Feb 2024 | 34.04 | 33.86 | 34.49 | 33.85 | 0.924 times |
| 16 Fri Feb 2024 | 34.39 | 34.44 | 34.81 | 33.65 | 0.984 times |
| 15 Thu Feb 2024 | 34.88 | 33.90 | 35.19 | 33.66 | 0.977 times |
| 14 Wed Feb 2024 | 33.64 | 33.19 | 33.69 | 32.87 | 0.849 times |
| 13 Tue Feb 2024 | 32.83 | 33.22 | 33.79 | 32.42 | 1.238 times |
| 12 Mon Feb 2024 | 34.48 | 33.79 | 34.92 | 33.79 | 0.85 times |
| 09 Fri Feb 2024 | 33.82 | 33.55 | 33.85 | 33.00 | 0.869 times |
| 08 Thu Feb 2024 | 33.57 | 33.39 | 33.77 | 33.14 | 0.97 times |
| 07 Wed Feb 2024 | 33.65 | 33.59 | 33.86 | 32.60 | 1.114 times |
My analysis of stock is bearish for shortterm, and stock might move down till 33.4 or till 32.5. Use a stoploss of 34.17 and if the stock hits stoploss, then it can shoot up till 34.92
Share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Target | 25.70 |
| Downside Target | 26.85 |
| Downside Target | 28.86 |
| Downside Target | 30.59 |
| Downside Target | 32.39 |
| Downside Target | 33.64 |
| Upside Target | 34.49 |
| Upside Target | 35.19 |
| Upside Target | 35.41 |
| Upside Target | 36.87 |
| Upside Target | 37.85 |
| Upside Target | 38.16 |
Intraday share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Intraday Target | 33.64 |
| Downside Intraday Target | 33.21 |
| Upside Intraday Target | 34.49 |
| Upside Intraday Target | 34.91 |
| Upside Intraday Target | 34.06 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Wed Feb 2024 | 34.06 | 33.86 | 34.49 | 33.64 | 0.348 times |
| 16 Fri Feb 2024 | 34.39 | 33.79 | 35.19 | 32.42 | 0.988 times |
| 09 Fri Feb 2024 | 33.82 | 33.44 | 33.86 | 32.60 | 0.771 times |
| 02 Fri Feb 2024 | 33.74 | 35.00 | 35.41 | 32.69 | 1.664 times |
| 26 Fri Jan 2024 | 34.87 | 35.78 | 36.87 | 34.34 | 1.457 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 |
| 21 Wed Feb 2024 | 34.06 | 33.94 | 35.19 | 32.42 | 0.88 times |
| 31 Wed Jan 2024 | 33.81 | 36.64 | 37.85 | 33.68 | 0.891 times |
| 29 Fri Dec 2023 | 37.08 | 30.59 | 38.16 | 30.59 | 1.374 times |
| 30 Thu Nov 2023 | 30.67 | 27.20 | 32.39 | 26.85 | 1.006 times |
Scroll below to view daily charts
Price has moved up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of First Merchants ( (FRME) ) based on a short 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for First Merchants stock for short term is SELL. 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 tired and bears 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 SELL signal for First Merchants in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 33.9 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 is giving positive 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of First Merchants ( (FRME) ) based on a short 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for First Merchants stock for short term is SELL. 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 tired and bears 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 SELL signal for First Merchants in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 33.9 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 is giving positive 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.