(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 2024-03-19 View latest technical analysis
10 day averaged volume of First Merchants is 410610
Date | Daily Closing Price | Open | High | Low | Volume |
19 Tue Mar 2024 | 32.92 | 32.63 | 32.99 | 32.62 | 0.596 times |
18 Mon Mar 2024 | 32.58 | 32.71 | 33.01 | 32.40 | 0.797 times |
15 Fri Mar 2024 | 32.78 | 32.46 | 33.23 | 32.46 | 2.056 times |
14 Thu Mar 2024 | 32.69 | 33.51 | 33.81 | 32.48 | 0.855 times |
13 Wed Mar 2024 | 33.65 | 33.65 | 34.18 | 33.51 | 0.684 times |
12 Tue Mar 2024 | 33.74 | 33.87 | 33.90 | 33.39 | 0.576 times |
11 Mon Mar 2024 | 34.08 | 34.53 | 34.78 | 34.02 | 0.838 times |
08 Fri Mar 2024 | 34.65 | 35.11 | 35.21 | 34.61 | 0.55 times |
07 Thu Mar 2024 | 34.54 | 34.83 | 35.51 | 34.49 | 0.789 times |
06 Wed Mar 2024 | 34.23 | 34.39 | 35.00 | 33.16 | 1.807 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33, but if it comes above 33, then a intra day buy could be more profitable.
If you take a sell trade below 33, then use 33 as stoploss and 32.1 as target. However if you take a buy trade in stock , then use 33 as stoploss and 33.66 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 | 34.28 |
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 | 32.54 |
Downside Intraday Target | 32.17 |
Upside Intraday Target | 33.15 |
Upside Intraday Target | 33.39 |
Downside Intraday Target | 32.78 |
Weekly technical analysis of First Merchants (FRME)
Date | Weekly Closing Price | Open | High | Low | Volume |
19 Tue Mar 2024 | 32.92 | 32.71 | 33.01 | 32.40 | 0.278 times |
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 |
Price has moved up 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 |
19 Tue Mar 2024 | 32.92 | 33.00 | 35.51 | 32.16 | 0.989 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 weakening, and bulls 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 buy signal for First Merchants in short term but BUY 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
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 33.53 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 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 weakening, and bulls 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 buy signal for First Merchants in short term but BUY 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
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 33.53 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.