(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 2024-03-15 View latest technical analysis
10 day averaged volume of First Merchants is 393780
Date | Daily Closing Price | Open | High | Low | Volume |
15 Fri Mar 2024 | 32.78 | 32.46 | 33.23 | 32.46 | 2.144 times |
14 Thu Mar 2024 | 32.69 | 33.51 | 33.81 | 32.48 | 0.891 times |
13 Wed Mar 2024 | 33.65 | 33.65 | 34.18 | 33.51 | 0.713 times |
12 Tue Mar 2024 | 33.74 | 33.87 | 33.90 | 33.39 | 0.601 times |
11 Mon Mar 2024 | 34.08 | 34.53 | 34.78 | 34.02 | 0.874 times |
08 Fri Mar 2024 | 34.65 | 35.11 | 35.21 | 34.61 | 0.573 times |
07 Thu Mar 2024 | 34.54 | 34.83 | 35.51 | 34.49 | 0.823 times |
06 Wed Mar 2024 | 34.23 | 34.39 | 35.00 | 33.16 | 1.884 times |
05 Tue Mar 2024 | 35.06 | 34.00 | 35.44 | 33.67 | 1.093 times |
04 Mon Mar 2024 | 34.02 | 33.74 | 35.50 | 33.20 | 2.062 times |
Stock of First Merchants (FRME) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.2, but if it comes above 33.2, then a intra day buy could be more profitable.
If you take a sell trade below 33.2, then use 33.2 as stoploss and 32.4 as target. However if you take a buy trade in stock , then use 33.2 as stoploss and 33.81 as target.
Share price targets for First Merchants (FRME)
Target Type | Value |
Downside Target | 26.85 |
Downside Target | 30.59 |
Downside Target | 32.16 |
Upside Target | 33.16 |
Upside Target | 34.52 |
Upside Target | 34.78 |
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 | 31.9 |
Downside Intraday Target | 31.02 |
Upside Intraday Target | 34.22 |
Upside Intraday Target | 35.66 |
Upside Intraday Target | 33.34 |
Weekly technical analysis of First Merchants (FRME)
Date | Weekly Closing Price | Open | High | Low | Volume |
15 Fri Mar 2024 | 32.78 | 34.53 | 34.78 | 32.46 | 0.812 times |
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 |
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 |
15 Fri Mar 2024 | 32.78 | 33.00 | 35.51 | 32.16 | 0.884 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 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 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 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 moving up
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 and selling is picking up 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 33.86 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 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 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 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 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 moving up
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 and selling is picking up 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 33.86 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 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.