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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 2024-06-12 View latest technical analysis

10 day averaged volume of First Merchants is 253270

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	31.96	31.95	32.57	31.76	1.106 times
11 Tue Jun 2024	31.12	30.91	31.13	30.55	0.617 times
10 Mon Jun 2024	31.06	31.41	31.41	30.93	0.76 times
07 Fri Jun 2024	31.60	31.55	31.88	31.33	0.92 times
06 Thu Jun 2024	32.30	31.91	32.32	31.78	0.743 times
05 Wed Jun 2024	32.09	32.12	32.17	31.67	0.822 times
04 Tue Jun 2024	31.73	31.88	32.52	31.67	2.688 times
03 Mon Jun 2024	32.51	33.37	33.45	32.26	0.659 times
31 Fri May 2024	33.05	32.82	33.11	32.02	0.907 times
30 Thu May 2024	32.51	32.73	33.29	32.33	1.117 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 31.7 as stoploss in an intra day buy trade for a target of 33.27. However, stock will show a bearish move below 31.7.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.55
Downside Target	31.33
Upside Target	32.02
Upside Target	33.65
Upside Target	35.06
Upside Target	35.19
Upside Target	35.25
Upside Target	35.51
Upside Target	35.91
Upside Target	36.27

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	30.82
Downside Intraday Target	29.67
Upside Intraday Target	32.84
Upside Intraday Target	33.71
Downside Intraday Target	31.69

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	31.96	31.41	32.57	30.55	0.426 times
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

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
12 Wed Jun 2024	31.96	33.37	33.45	30.55	0.489 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 Weak and stock is losing momentum.

MACD generated a SELL signal for First Merchants in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 and BUY signal is strong.

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 31.98 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.