(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 2024-02-22 View latest technical analysis
10 day averaged volume of First Merchants is 283350
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu Feb 2024 | 33.89 | 33.85 | 34.19 | 33.56 | 0.883 times |
| 21 Wed Feb 2024 | 34.06 | 34.00 | 34.14 | 33.64 | 0.815 times |
| 20 Tue Feb 2024 | 34.04 | 33.86 | 34.49 | 33.85 | 0.967 times |
| 16 Fri Feb 2024 | 34.39 | 34.44 | 34.81 | 33.65 | 1.031 times |
| 15 Thu Feb 2024 | 34.88 | 33.90 | 35.19 | 33.66 | 1.022 times |
| 14 Wed Feb 2024 | 33.64 | 33.19 | 33.69 | 32.87 | 0.889 times |
| 13 Tue Feb 2024 | 32.83 | 33.22 | 33.79 | 32.42 | 1.296 times |
| 12 Mon Feb 2024 | 34.48 | 33.79 | 34.92 | 33.79 | 0.889 times |
| 09 Fri Feb 2024 | 33.82 | 33.55 | 33.85 | 33.00 | 0.91 times |
| 08 Thu Feb 2024 | 33.57 | 33.39 | 33.77 | 33.14 | 1.015 times |
My analysis of stock is bearish for shortterm, and stock might move down till 33.4 or till 32.7. Use a stoploss of 34.06 and if the stock hits stoploss, then it can shoot up till 34.69
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 | 33.56 |
| Upside Target | 34.49 |
| Upside Target | 35.19 |
| Upside Target | 35.41 |
| 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 | 33.47 |
| Downside Intraday Target | 33.05 |
| Upside Intraday Target | 34.4 |
| Upside Intraday Target | 34.91 |
| Upside Intraday Target | 33.98 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu Feb 2024 | 33.89 | 33.86 | 34.49 | 33.56 | 0.52 times |
| 16 Fri Feb 2024 | 34.39 | 33.79 | 35.19 | 32.42 | 0.988 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 |
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 |
| 22 Thu Feb 2024 | 33.89 | 33.94 | 35.19 | 32.42 | 0.933 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 up 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 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 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 mid to longer 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
ADX buy sell signal for First Merchants stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for First Merchants in short term but the buy 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. Bulls are getting tired and bears 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 but SELL 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
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 33.93 and First Merchants (FRME) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 mid to longer 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
ADX buy sell signal for First Merchants stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for First Merchants in short term but the buy 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. Bulls are getting tired and bears 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 but SELL 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
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 33.93 and First Merchants (FRME) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.