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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 2024-01-19 View latest technical analysis

10 day averaged volume of First Merchants is 156850

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	35.45	34.94	35.49	34.53	1.678 times
18 Thu Jan 2024	34.78	34.50	34.81	34.31	1.35 times
17 Wed Jan 2024	34.50	33.68	34.52	33.68	1.043 times
16 Tue Jan 2024	34.32	34.27	34.66	34.08	0.94 times
12 Fri Jan 2024	34.83	35.57	35.80	34.57	0.799 times
12 Fri Jan 2024	34.83	35.57	35.80	34.57	0.799 times
11 Thu Jan 2024	35.18	35.18	35.41	34.44	0.776 times
10 Wed Jan 2024	35.61	35.47	35.62	35.12	0.93 times
09 Tue Jan 2024	35.66	35.53	35.75	35.31	0.893 times
08 Mon Jan 2024	36.08	36.20	36.20	35.61	0.967 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 34.9 as stoploss in an intra day buy trade for a target of 36.05. However, stock will show a bearish move below 34.9.

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	33.68
Downside Target	34.44
Downside Target	35.34
Upside Target	36.20
Upside Target	37.01
Upside Target	37.75
Upside Target	37.85
Upside Target	38.16

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	34.26
Downside Intraday Target	33.06
Upside Intraday Target	36.07
Upside Intraday Target	36.68
Downside Intraday Target	34.87

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	35.45	34.27	35.49	33.68	6.274 times
12 Fri Jan 2024	34.83	35.57	35.80	34.57	0.183 times
12 Fri Jan 2024	34.83	36.20	36.20	34.44	0.789 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of First Merchants (FRME)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	35.45	36.64	37.85	33.68	0.462 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 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 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 losing momentum.

MACD generated a SELL signal for First Merchants in short term but the sell 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 green color and prices are above the green 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 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 35.13 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.