(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 2024-01-31 View latest technical analysis
10 day averaged volume of First Merchants is 258220
Date | Daily Closing Price | Open | High | Low | Volume |
31 Wed Jan 2024 | 33.81 | 34.57 | 35.41 | 33.80 | 1.359 times |
30 Tue Jan 2024 | 35.03 | 35.04 | 35.41 | 34.74 | 1.293 times |
29 Mon Jan 2024 | 35.21 | 35.00 | 35.23 | 34.71 | 1.797 times |
26 Fri Jan 2024 | 34.87 | 35.00 | 35.06 | 34.34 | 1.051 times |
25 Thu Jan 2024 | 34.90 | 36.56 | 36.87 | 34.77 | 1.232 times |
24 Wed Jan 2024 | 35.95 | 36.15 | 36.56 | 35.80 | 0.742 times |
23 Tue Jan 2024 | 35.93 | 36.55 | 36.82 | 35.83 | 0.648 times |
22 Mon Jan 2024 | 36.52 | 35.78 | 36.52 | 35.29 | 0.766 times |
19 Fri Jan 2024 | 35.45 | 34.94 | 35.49 | 34.53 | 1.019 times |
18 Thu Jan 2024 | 34.78 | 34.50 | 34.81 | 34.31 | 0.82 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 33.8, for a target of 34.6 or 35.28
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 |
Upside Target | 35.41 |
Upside Target | 35.49 |
Upside Target | 35.80 |
Upside Target | 36.20 |
Upside Target | 36.87 |
Upside Target | 37.85 |
Upside Target | 38.16 |
Intraday share price targets for First Merchants (FRME)
Target Type | Value |
Downside Intraday Target | 33.27 |
Downside Intraday Target | 32.73 |
Upside Intraday Target | 34.88 |
Upside Intraday Target | 35.95 |
Upside Intraday Target | 34.34 |
Weekly technical analysis of First Merchants (FRME)
Date | Weekly Closing Price | Open | High | Low | Volume |
31 Wed Jan 2024 | 33.81 | 35.00 | 35.41 | 33.80 | 1.003 times |
26 Fri Jan 2024 | 34.87 | 35.78 | 36.87 | 34.34 | 1.457 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 |
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 |
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 |
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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.
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 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 SELL signal in short term and selling is picking up 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 35.12 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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.
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 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 SELL signal in short term and selling is picking up 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 35.12 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.