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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 2024-02-05 View latest technical analysis

10 day averaged volume of First Merchants is 305250

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	33.24	33.44	33.50	32.75	0.758 times
02 Fri Feb 2024	33.74	32.91	34.06	32.85	1.361 times
01 Thu Feb 2024	33.69	33.94	34.13	32.69	1.122 times
31 Wed Jan 2024	33.81	34.57	35.41	33.80	1.15 times
30 Tue Jan 2024	35.03	35.04	35.41	34.74	1.094 times
29 Mon Jan 2024	35.21	35.00	35.23	34.71	1.52 times
26 Fri Jan 2024	34.87	35.00	35.06	34.34	0.889 times
25 Thu Jan 2024	34.90	36.56	36.87	34.77	1.042 times
24 Wed Jan 2024	35.95	36.15	36.56	35.80	0.627 times
23 Tue Jan 2024	35.93	36.55	36.82	35.83	0.548 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 33.1, for a target of 34.1 or 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
Upside Target	33.50
Upside Target	34.57
Upside Target	35.41
Upside Target	35.49
Upside Target	35.80
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	32.83
Downside Intraday Target	32.41
Upside Intraday Target	33.58
Upside Intraday Target	33.91
Downside Intraday Target	33.16

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	33.24	33.44	33.50	32.75	0.121 times
02 Fri Feb 2024	33.74	35.00	35.41	32.69	1.664 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

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
05 Mon Feb 2024	33.24	33.94	34.13	32.69	0.208 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
30 Thu Nov 2023	30.67	27.20	32.39	26.85	1.006 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 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 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 weakening, and bulls are picking up momentum!

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 34.54 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.