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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 2024-06-21 View latest technical analysis

10 day averaged volume of First Merchants is 206780

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	31.56	31.74	31.89	31.35	2.864 times
20 Thu Jun 2024	31.72	31.54	31.91	31.39	1.435 times
18 Tue Jun 2024	31.74	31.38	31.85	31.03	1.121 times
18 Tue Jun 2024	31.74	31.38	31.85	31.03	1.121 times
17 Mon Jun 2024	31.49	31.07	31.49	30.85	0.729 times
14 Fri Jun 2024	31.04	31.03	31.23	30.80	0.682 times
13 Thu Jun 2024	31.38	31.88	31.88	31.23	0.746 times
12 Wed Jun 2024	31.96	31.95	32.57	31.76	1.354 times
11 Tue Jun 2024	31.12	30.91	31.13	30.55	0.756 times
10 Mon Jun 2024	31.06	31.41	31.41	30.93	0.93 times

Stock of First Merchants (FRME) has showed a significant fall. This could be a good time to exit from this stock.

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 31.3 as stoploss in an intra day buy trade for a target of 31.95. However, stock will show a bearish move below 31.3.

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	31.09
Downside Intraday Target	30.62
Upside Intraday Target	31.97
Upside Intraday Target	32.38
Downside Intraday Target	31.5

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	31.56	31.38	31.91	31.03	2.931 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, 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
21 Fri Jun 2024	31.56	33.37	33.45	30.55	0.906 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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 gaining 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 tired and bears 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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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.