(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 2024-02-14 View latest technical analysis
10 day averaged volume of First Merchants is 319880
Date | Daily Closing Price | Open | High | Low | Volume |
14 Wed Feb 2024 | 33.64 | 33.19 | 33.69 | 32.87 | 0.787 times |
13 Tue Feb 2024 | 32.83 | 33.22 | 33.79 | 32.42 | 1.148 times |
12 Mon Feb 2024 | 34.48 | 33.79 | 34.92 | 33.79 | 0.788 times |
09 Fri Feb 2024 | 33.82 | 33.55 | 33.85 | 33.00 | 0.806 times |
08 Thu Feb 2024 | 33.57 | 33.39 | 33.77 | 33.14 | 0.899 times |
07 Wed Feb 2024 | 33.65 | 33.59 | 33.86 | 32.60 | 1.033 times |
06 Tue Feb 2024 | 33.50 | 33.13 | 33.58 | 32.94 | 1.136 times |
05 Mon Feb 2024 | 33.24 | 33.44 | 33.50 | 32.75 | 0.724 times |
02 Fri Feb 2024 | 33.74 | 32.91 | 34.06 | 32.85 | 1.299 times |
01 Thu Feb 2024 | 33.69 | 33.94 | 34.13 | 32.69 | 1.071 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 33.4 as stoploss in an intra day buy trade for a target of 34.43. However, stock will show a bearish move below 33.4.
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 | 33.68 |
Upside Target | 34.92 |
Upside Target | 35.41 |
Upside Target | 35.49 |
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 | 32.4 |
Downside Intraday Target | 31.16 |
Upside Intraday Target | 34.9 |
Upside Intraday Target | 36.16 |
Upside Intraday Target | 33.66 |
Weekly technical analysis of First Merchants (FRME)
Date | Weekly Closing Price | Open | High | Low | Volume |
14 Wed Feb 2024 | 33.64 | 33.79 | 34.92 | 32.42 | 0.592 times |
09 Fri Feb 2024 | 33.82 | 33.44 | 33.86 | 32.60 | 0.771 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 |
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 |
14 Wed Feb 2024 | 33.64 | 33.94 | 34.92 | 32.42 | 0.652 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for First Merchants in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 33.59 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for First Merchants in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 33.59 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.