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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 2024-03-22 View latest technical analysis

10 day averaged volume of First Merchants is 327100

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	33.53	34.50	34.50	33.47	0.414 times
21 Thu Mar 2024	34.31	34.22	34.69	34.10	0.621 times
20 Wed Mar 2024	34.14	32.71	34.44	32.71	0.652 times
19 Tue Mar 2024	32.92	32.63	32.99	32.62	0.749 times
18 Mon Mar 2024	32.58	32.71	33.01	32.40	1 times
15 Fri Mar 2024	32.78	32.46	33.23	32.46	2.581 times
14 Thu Mar 2024	32.69	33.51	33.81	32.48	1.073 times
13 Wed Mar 2024	33.65	33.65	34.18	33.51	0.858 times
12 Tue Mar 2024	33.74	33.87	33.90	33.39	0.724 times
11 Mon Mar 2024	34.08	34.53	34.78	34.02	1.052 times

My analysis of stock is bearish for shortterm, and stock might move down till 33 or till 32.1. Use a stoploss of 33.66 and if the stock hits stoploss, then it can shoot up till 34.36

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	26.85
Downside Target	30.59
Downside Target	32.16
Downside Target	33.16
Upside Target	34.52
Upside Target	34.69
Upside Target	34.78
Upside Target	35.19
Upside Target	35.51
Upside Target	37.85
Upside Target	38.16

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	32.39
Downside Intraday Target	31.25
Upside Intraday Target	34.68
Upside Intraday Target	35.83
Upside Intraday Target	33.54

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	33.53	32.71	34.69	32.40	0.546 times
15 Fri Mar 2024	32.78	34.53	34.78	32.46	0.812 times
08 Fri Mar 2024	34.65	33.74	35.51	33.16	2.618 times
01 Fri Mar 2024	32.76	33.94	34.28	32.16	1.015 times
23 Fri Feb 2024	34.13	33.86	34.52	33.56	0.656 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
22 Fri Mar 2024	33.53	33.00	35.51	32.16	1.091 times
29 Thu Feb 2024	33.20	33.94	35.19	32.42	1.138 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

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for First Merchants stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for First Merchants in short term but the buy 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 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 stronger in this stock.

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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 33.27 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.