Mobile app version of munafa.top
Login or Join
 Learn then Earn

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.

10 day averaged volume of First Merchants is 459110

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 32.58 32.71 33.01 32.40 0.712 times
15 Fri Mar 2024 32.78 32.46 33.23 32.46 1.839 times
14 Thu Mar 2024 32.69 33.51 33.81 32.48 0.765 times
13 Wed Mar 2024 33.65 33.65 34.18 33.51 0.611 times
12 Tue Mar 2024 33.74 33.87 33.90 33.39 0.516 times
11 Mon Mar 2024 34.08 34.53 34.78 34.02 0.75 times
08 Fri Mar 2024 34.65 35.11 35.21 34.61 0.492 times
07 Thu Mar 2024 34.54 34.83 35.51 34.49 0.706 times
06 Wed Mar 2024 34.23 34.39 35.00 33.16 1.616 times
05 Tue Mar 2024 35.06 34.00 35.44 33.67 0.938 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 32.2 as target. However if you take a buy trade in stock , then use 33 as stoploss and 33.72 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 32.32
Downside Intraday Target 32.05
Upside Intraday Target 32.93
Upside Intraday Target 33.27
Upside Intraday Target 32.66

Weekly technical analysis of First Merchants (FRME)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 32.58 32.71 33.01 32.40 0.159 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 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
18 Mon Mar 2024 32.58 33.00 35.51 32.16 0.944 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 coming down

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 33.72 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 33.72 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.

Daily charts

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

Daily chart
Back to top | Use Dark Theme