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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 2024-05-31 View latest technical analysis

10 day averaged volume of First Merchants is 196568

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	33.05	32.82	33.11	32.02	1.168 times
30 Thu May 2024	32.51	32.73	33.29	32.33	1.439 times
29 Wed May 2024	32.21	32.37	32.40	32.07	0.988 times
28 Tue May 2024	32.94	33.54	33.65	32.82	0.969 times
23 Thu May 2024	33.20	34.36	34.36	33.10	1.457 times
22 Wed May 2024	34.31	34.96	35.09	34.27	1.43 times
21 Tue May 2024	35.15	34.97	35.28	34.97	0.736 times
20 Mon May 2024	34.99	35.91	35.91	34.99	0.673 times
17 Fri May 2024	35.78	35.58	36.19	35.58	0.785 times
16 Thu May 2024	35.54	35.67	35.80	35.52	0.753 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.5, but if it comes above 33.5, then a intra day buy could be more profitable.
If you take a sell trade below 33.5, then use 33.5 as stoploss and 32 as target. However if you take a buy trade in stock , then use 33.5 as stoploss and 34.67 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	32.02
Upside Target	33.10
Upside Target	34.56
Upside Target	35.19
Upside Target	35.25
Upside Target	35.51
Upside Target	35.91
Upside Target	36.10
Upside Target	36.27
Upside Target	37.85

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	32.16
Downside Intraday Target	31.28
Upside Intraday Target	33.79
Upside Intraday Target	34.54
Downside Intraday Target	32.91

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	33.05	33.54	33.65	32.02	1.062 times
23 Thu May 2024	33.20	35.91	35.91	33.10	1.038 times
17 Fri May 2024	35.78	36.27	36.27	35.25	0.745 times
10 Fri May 2024	35.88	34.97	36.10	34.56	0.983 times
03 Fri May 2024	34.69	34.44	34.92	33.31	0.747 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 Fri May 2024	33.05	33.67	36.27	32.02	0.857 times
30 Tue Apr 2024	33.42	35.05	35.06	32.29	0.741 times
28 Thu Mar 2024	34.90	33.00	35.51	32.16	1.253 times
29 Thu Feb 2024	33.20	33.94	35.19	32.42	1.138 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 33.74 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.