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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 2024-06-20 View latest technical analysis

10 day averaged volume of First Merchants is 195930

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	31.72	31.54	31.91	31.39	1.515 times
18 Tue Jun 2024	31.74	31.38	31.85	31.03	1.183 times
18 Tue Jun 2024	31.74	31.38	31.85	31.03	1.183 times
17 Mon Jun 2024	31.49	31.07	31.49	30.85	0.769 times
14 Fri Jun 2024	31.04	31.03	31.23	30.80	0.72 times
13 Thu Jun 2024	31.38	31.88	31.88	31.23	0.787 times
12 Wed Jun 2024	31.96	31.95	32.57	31.76	1.429 times
11 Tue Jun 2024	31.12	30.91	31.13	30.55	0.798 times
10 Mon Jun 2024	31.06	31.41	31.41	30.93	0.982 times
07 Fri Jun 2024	31.60	31.55	31.88	31.33	1.189 times

My analysis of stock is bearish for shortterm, and stock might move down till 31.3 or till 30.3. Use a stoploss of 32.09 and if the stock hits stoploss, then it can shoot up till 32.89

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.55
Upside Target	32.42
Upside Target	32.57
Upside Target	33.45
Upside Target	33.65
Upside Target	35.06
Upside Target	35.19
Upside Target	35.51
Upside Target	36.27

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	31.2
Downside Intraday Target	30.67
Upside Intraday Target	32.08
Upside Intraday Target	32.43
Downside Intraday Target	31.55

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	31.72	31.38	31.91	31.03	1.382 times
18 Tue Jun 2024	31.74	31.07	31.85	30.85	0.414 times
14 Fri Jun 2024	31.04	31.41	32.57	30.55	0.625 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

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
20 Thu Jun 2024	31.72	33.37	33.45	30.55	0.769 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 31.55 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.