Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-07 View latest technical analysis

10 day averaged volume of First Merchants is 270890

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	31.60	31.55	31.88	31.33	0.86 times
06 Thu Jun 2024	32.30	31.91	32.32	31.78	0.695 times
05 Wed Jun 2024	32.09	32.12	32.17	31.67	0.769 times
04 Tue Jun 2024	31.73	31.88	32.52	31.67	2.514 times
03 Mon Jun 2024	32.51	33.37	33.45	32.26	0.616 times
31 Fri May 2024	33.05	32.82	33.11	32.02	0.848 times
30 Thu May 2024	32.51	32.73	33.29	32.33	1.044 times
29 Wed May 2024	32.21	32.37	32.40	32.07	0.717 times
28 Tue May 2024	32.94	33.54	33.65	32.82	0.703 times
23 Thu May 2024	33.20	34.36	34.36	33.10	1.057 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 32.3, but if it comes above 32.3, then a intra day buy could be more profitable.
If you take a sell trade below 32.3, then use 32.3 as stoploss and 30.4 as target. However if you take a buy trade in stock , then use 32.3 as stoploss and 33.93 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	31.33
Upside Target	32.02
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	30.8
Downside Intraday Target	30.01
Upside Intraday Target	32.92
Upside Intraday Target	34.25
Upside Intraday Target	32.13

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	31.60	33.37	33.45	31.33	1.647 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of First Merchants (FRME)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	31.60	33.37	33.45	31.33	0.343 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 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 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 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 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

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 32.31 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.