(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 2024-01-10 View latest technical analysis
10 day averaged volume of First Merchants is 181660
Date | Daily Closing Price | Open | High | Low | Volume |
10 Wed Jan 2024 | 35.61 | 35.47 | 35.62 | 35.12 | 0.803 times |
09 Tue Jan 2024 | 35.66 | 35.53 | 35.75 | 35.31 | 0.771 times |
08 Mon Jan 2024 | 36.08 | 36.20 | 36.20 | 35.61 | 0.835 times |
05 Fri Jan 2024 | 36.18 | 35.79 | 36.49 | 35.34 | 1.298 times |
04 Thu Jan 2024 | 35.90 | 35.87 | 36.24 | 35.76 | 1.435 times |
03 Wed Jan 2024 | 35.69 | 36.94 | 36.94 | 35.62 | 1.099 times |
02 Tue Jan 2024 | 37.16 | 36.64 | 37.85 | 36.64 | 0.944 times |
29 Fri Dec 2023 | 37.08 | 37.58 | 37.75 | 37.01 | 0.934 times |
29 Fri Dec 2023 | 37.08 | 37.58 | 37.75 | 37.01 | 0.934 times |
28 Thu Dec 2023 | 37.61 | 37.86 | 38.11 | 37.59 | 0.909 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.1, but if it comes above 36.1, then a intra day buy could be more profitable.
If you take a sell trade below 36.1, then use 36.1 as stoploss and 35.2 as target. However if you take a buy trade in stock , then use 36.1 as stoploss and 36.76 as target.
Share price targets for First Merchants (FRME)
Target Type | Value |
Downside Target | 25.70 |
Downside Target | 26.85 |
Downside Target | 28.86 |
Downside Target | 30.59 |
Downside Target | 32.39 |
Downside Target | 35.12 |
Upside Target | 36.20 |
Upside Target | 37.01 |
Upside Target | 37.75 |
Upside Target | 37.85 |
Upside Target | 37.88 |
Upside Target | 38.11 |
Upside Target | 38.16 |
Intraday share price targets for First Merchants (FRME)
Target Type | Value |
Downside Intraday Target | 35.09 |
Downside Intraday Target | 34.56 |
Upside Intraday Target | 36.17 |
Upside Intraday Target | 36.72 |
Upside Intraday Target | 35.64 |
Weekly technical analysis of First Merchants (FRME)
Date | Weekly Closing Price | Open | High | Low | Volume |
10 Wed Jan 2024 | 35.61 | 36.20 | 36.20 | 35.12 | 0.504 times |
05 Fri Jan 2024 | 36.18 | 36.64 | 37.85 | 35.34 | 5.114 times |
29 Fri Dec 2023 | 37.08 | 37.58 | 37.75 | 37.01 | 0.272 times |
29 Fri Dec 2023 | 37.08 | 37.46 | 38.11 | 37.01 | 0.646 times |
22 Fri Dec 2023 | 37.29 | 37.00 | 37.88 | 36.27 | 0.461 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 |
10 Wed Jan 2024 | 35.61 | 36.64 | 37.85 | 35.12 | 0.244 times |
29 Fri Dec 2023 | 37.08 | 30.59 | 38.16 | 30.59 | 1.374 times |
30 Thu Nov 2023 | 30.67 | 27.20 | 32.39 | 26.85 | 1.006 times |
31 Tue Oct 2023 | 27.31 | 27.82 | 28.86 | 25.70 | 1.084 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for First Merchants stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for First Merchants in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 36.38 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 positive
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for First Merchants stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for First Merchants in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 36.38 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.