Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-20 View latest technical analysis

10 day averaged volume of First Merchants is 392050

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	34.14	32.71	34.44	32.71	0.544 times
19 Tue Mar 2024	32.92	32.63	32.99	32.62	0.625 times
18 Mon Mar 2024	32.58	32.71	33.01	32.40	0.834 times
15 Fri Mar 2024	32.78	32.46	33.23	32.46	2.153 times
14 Thu Mar 2024	32.69	33.51	33.81	32.48	0.895 times
13 Wed Mar 2024	33.65	33.65	34.18	33.51	0.716 times
12 Tue Mar 2024	33.74	33.87	33.90	33.39	0.604 times
11 Mon Mar 2024	34.08	34.53	34.78	34.02	0.878 times
08 Fri Mar 2024	34.65	35.11	35.21	34.61	0.576 times
07 Thu Mar 2024	34.54	34.83	35.51	34.49	0.827 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 34.4 as stoploss in an intra day sell trade for a target of 33.67. However, stock will show a bullish move above 34.4.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	26.85
Downside Target	30.59
Downside Target	32.16
Downside Target	33.16
Upside Target	34.44
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	32.88
Downside Intraday Target	31.62
Upside Intraday Target	34.92
Upside Intraday Target	35.7
Downside Intraday Target	33.66

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	34.14	32.71	34.44	32.40	0.382 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
20 Wed Mar 2024	34.14	33.00	35.51	32.16	1.029 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 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 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 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 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 SELL signal for First Merchants in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for First Merchants in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 33.41 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.