(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 2024-02-26 View latest technical analysis
10 day averaged volume of First Merchants is 266420
Date | Daily Closing Price | Open | High | Low | Volume |
26 Mon Feb 2024 | 33.66 | 33.94 | 34.28 | 33.42 | 0.937 times |
23 Fri Feb 2024 | 34.13 | 33.94 | 34.52 | 33.57 | 0.744 times |
22 Thu Feb 2024 | 33.89 | 33.85 | 34.19 | 33.56 | 0.939 times |
21 Wed Feb 2024 | 34.06 | 34.00 | 34.14 | 33.64 | 0.867 times |
20 Tue Feb 2024 | 34.04 | 33.86 | 34.49 | 33.85 | 1.028 times |
16 Fri Feb 2024 | 34.39 | 34.44 | 34.81 | 33.65 | 1.096 times |
15 Thu Feb 2024 | 34.88 | 33.90 | 35.19 | 33.66 | 1.087 times |
14 Wed Feb 2024 | 33.64 | 33.19 | 33.69 | 32.87 | 0.945 times |
13 Tue Feb 2024 | 32.83 | 33.22 | 33.79 | 32.42 | 1.378 times |
12 Mon Feb 2024 | 34.48 | 33.79 | 34.92 | 33.79 | 0.946 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33.4 as stoploss in an intra day buy trade for a target of 33.96. However, stock will show a bearish move below 33.4.
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 | 33.42 |
Upside Target | 34.28 |
Upside Target | 34.52 |
Upside Target | 35.19 |
Upside Target | 35.41 |
Upside Target | 37.85 |
Upside Target | 38.16 |
Intraday share price targets for First Merchants (FRME)
Target Type | Value |
Downside Intraday Target | 33.29 |
Downside Intraday Target | 32.93 |
Upside Intraday Target | 34.15 |
Upside Intraday Target | 34.65 |
Upside Intraday Target | 33.79 |
Weekly technical analysis of First Merchants (FRME)
Date | Weekly Closing Price | Open | High | Low | Volume |
26 Mon Feb 2024 | 33.66 | 33.94 | 34.28 | 33.42 | 0.262 times |
23 Fri Feb 2024 | 34.13 | 33.86 | 34.52 | 33.56 | 0.656 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 |
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 |
26 Mon Feb 2024 | 33.66 | 33.94 | 35.19 | 32.42 | 1.027 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of First Merchants ( (FRME) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
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 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.
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 coming down
CCI has generated a SELL signal for First Merchants in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing 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 33.97 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of First Merchants ( (FRME) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
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 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.
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 coming down
CCI has generated a SELL signal for First Merchants in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing 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 33.97 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.