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(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 2024-03-08 View latest technical analysis

10 day averaged volume of First Merchants is 347490

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	34.65	35.11	35.21	34.61	0.65 times
07 Thu Mar 2024	34.54	34.83	35.51	34.49	0.933 times
06 Wed Mar 2024	34.23	34.39	35.00	33.16	2.135 times
05 Tue Mar 2024	35.06	34.00	35.44	33.67	1.239 times
04 Mon Mar 2024	34.02	33.74	35.50	33.20	2.337 times
01 Fri Mar 2024	32.76	33.00	33.39	32.16	0.549 times
29 Thu Feb 2024	33.20	33.44	33.83	32.93	0.536 times
28 Wed Feb 2024	33.13	33.16	33.45	33.04	0.524 times
27 Tue Feb 2024	33.49	33.90	34.15	33.38	0.459 times
26 Mon Feb 2024	33.66	33.94	34.28	33.42	0.718 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.6, but if it comes below 34.6, then a intra day sell could be more profitable.
If you take a sell trade below 34.6, then use 34.6 as stoploss and 33.95 as target. However if you take a buy trade in stock , then use 34.6 as stoploss and 35.3 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	26.85
Downside Target	30.59
Downside Target	32.16
Downside Target	34.28
Downside Target	34.52
Upside Target	35.19
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	33.37
Downside Intraday Target	32.09
Upside Intraday Target	35.72
Upside Intraday Target	36.79
Downside Intraday Target	34.44

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	34.65	33.74	35.51	33.16	2.618 times
01 Fri Mar 2024	32.76	33.94	34.28	32.16	1.015 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of First Merchants (FRME)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	34.65	33.00	35.51	32.16	0.504 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
29 Fri Dec 2023	37.08	30.59	38.16	30.59	1.374 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 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 short to mid 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 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 BUY. Signal strength is Weak and stock is losing 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 in or above 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

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 34.07 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.