(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 2024-06-04 View latest technical analysis
10 day averaged volume of First Merchants is 206267
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Tue Jun 2024 | 31.73 | 31.88 | 32.52 | 31.67 | 3.301 times |
| 03 Mon Jun 2024 | 32.51 | 33.37 | 33.45 | 32.26 | 0.809 times |
| 31 Fri May 2024 | 33.05 | 32.82 | 33.11 | 32.02 | 1.113 times |
| 30 Thu May 2024 | 32.51 | 32.73 | 33.29 | 32.33 | 1.371 times |
| 29 Wed May 2024 | 32.21 | 32.37 | 32.40 | 32.07 | 0.941 times |
| 28 Tue May 2024 | 32.94 | 33.54 | 33.65 | 32.82 | 0.924 times |
| 23 Thu May 2024 | 33.20 | 34.36 | 34.36 | 33.10 | 1.388 times |
| 22 Wed May 2024 | 34.31 | 34.96 | 35.09 | 34.27 | 1.362 times |
| 21 Tue May 2024 | 35.15 | 34.97 | 35.28 | 34.97 | 0.701 times |
| 20 Mon May 2024 | 34.99 | 35.91 | 35.91 | 34.99 | 0.642 times |
Stock of First Merchants (FRME) has showed a significant fall. This could be a good time to exit from this stock.
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 31.3, for a target of 33 or 34.43
Share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Target | 31.67 |
| Upside Target | 33.10 |
| Upside Target | 34.56 |
| Upside Target | 35.06 |
| Upside Target | 35.19 |
| Upside Target | 35.25 |
| Upside Target | 35.51 |
| Upside Target | 35.91 |
| Upside Target | 36.10 |
| Upside Target | 36.27 |
Intraday share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Intraday Target | 31.12 |
| Downside Intraday Target | 30.5 |
| Upside Intraday Target | 32.9 |
| Upside Intraday Target | 34.06 |
| Upside Intraday Target | 32.28 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Tue Jun 2024 | 31.73 | 33.37 | 33.45 | 31.67 | 0.945 times |
| 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 |
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 |
| 04 Tue Jun 2024 | 31.73 | 33.37 | 33.45 | 31.67 | 0.197 times |
| 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 |
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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 and SELL signal is strong!
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 32.91 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.
Price action analysis of First Merchants ( (FRME) ) based on a short 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 and SELL signal is strong!
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 32.91 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.