(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 2024-01-23 View latest technical analysis
10 day averaged volume of First Merchants is 164190
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Tue Jan 2024 | 35.93 | 36.55 | 36.82 | 35.83 | 1.018 times |
| 22 Mon Jan 2024 | 36.52 | 35.78 | 36.52 | 35.29 | 1.204 times |
| 19 Fri Jan 2024 | 35.45 | 34.94 | 35.49 | 34.53 | 1.603 times |
| 18 Thu Jan 2024 | 34.78 | 34.50 | 34.81 | 34.31 | 1.29 times |
| 17 Wed Jan 2024 | 34.50 | 33.68 | 34.52 | 33.68 | 0.996 times |
| 16 Tue Jan 2024 | 34.32 | 34.27 | 34.66 | 34.08 | 0.898 times |
| 12 Fri Jan 2024 | 34.83 | 35.57 | 35.80 | 34.57 | 0.763 times |
| 12 Fri Jan 2024 | 34.83 | 35.57 | 35.80 | 34.57 | 0.763 times |
| 11 Thu Jan 2024 | 35.18 | 35.18 | 35.41 | 34.44 | 0.741 times |
| 10 Wed Jan 2024 | 35.61 | 35.47 | 35.62 | 35.12 | 0.888 times |
My analysis of stock is bullish for shortterm, and stock might move up till 36.9 or till 38.2. Use a stoploss of 35.92 and if this stock hits its stoploss, then it can fall down till 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 | 35.29 |
| Downside Target | 35.80 |
| Upside Target | 36.20 |
| Upside Target | 36.82 |
| Upside Target | 37.85 |
| Upside Target | 38.16 |
Intraday share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Intraday Target | 35.21 |
| Downside Intraday Target | 34.48 |
| Upside Intraday Target | 36.74 |
| Upside Intraday Target | 37.54 |
| Upside Intraday Target | 36.01 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Tue Jan 2024 | 35.93 | 35.78 | 36.82 | 35.29 | 0.464 times |
| 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 |
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 |
| 23 Tue Jan 2024 | 35.93 | 36.64 | 37.85 | 33.68 | 0.53 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 35.25 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 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 35.25 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.