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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 2024-04-08 View latest technical analysis

10 day averaged volume of First Merchants is 201670

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	34.03	33.65	34.22	33.65	0.617 times
05 Fri Apr 2024	33.63	33.41	33.77	33.36	0.836 times
04 Thu Apr 2024	33.70	33.82	34.15	33.67	1.143 times
03 Wed Apr 2024	33.45	33.49	33.77	33.31	0.866 times
02 Tue Apr 2024	33.64	33.80	33.99	33.45	1.179 times
01 Mon Apr 2024	34.14	35.05	35.05	34.13	0.968 times
28 Thu Mar 2024	34.90	34.61	35.20	34.44	1.377 times
27 Wed Mar 2024	34.74	33.55	34.77	33.55	1.366 times
26 Tue Mar 2024	33.37	33.75	33.79	33.08	0.9 times
25 Mon Mar 2024	33.46	33.63	34.00	33.27	0.693 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 34.3 as stoploss in an intra day sell trade for a target of 33.67. However, stock will show a bullish move above 34.3.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.59
Downside Target	32.16
Upside Target	34.69
Upside Target	34.78
Upside Target	35.05
Upside Target	35.19
Upside Target	35.20
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	33.71
Downside Intraday Target	33.4
Upside Intraday Target	34.28
Upside Intraday Target	34.54
Downside Intraday Target	33.97

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	34.03	33.65	34.22	33.65	0.124 times
05 Fri Apr 2024	33.63	35.05	35.05	33.31	1.151 times
28 Thu Mar 2024	34.90	33.63	35.20	33.08	0.778 times
22 Fri Mar 2024	33.53	32.71	34.69	32.40	0.546 times
15 Fri Mar 2024	32.78	34.53	34.78	32.46	0.812 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
08 Mon Apr 2024	34.03	35.05	35.05	33.31	0.167 times
28 Thu Mar 2024	34.90	33.00	35.51	32.16	1.253 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

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 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 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 BUY. 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.

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. 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 but buying is losing momentum.

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 33.99 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.