(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 2024-07-01 View latest technical analysis
10 day averaged volume of First Merchants is 306790
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 32.80 | 33.11 | 33.56 | 32.77 | 0.797 times |
| 28 Fri Jun 2024 | 33.29 | 32.71 | 33.49 | 32.53 | 2.545 times |
| 27 Thu Jun 2024 | 32.33 | 32.12 | 32.33 | 31.81 | 0.523 times |
| 26 Wed Jun 2024 | 31.92 | 31.24 | 32.05 | 31.16 | 0.594 times |
| 25 Tue Jun 2024 | 31.45 | 31.70 | 31.92 | 31.39 | 0.748 times |
| 24 Mon Jun 2024 | 31.93 | 31.72 | 32.38 | 31.55 | 0.69 times |
| 21 Fri Jun 2024 | 31.56 | 31.74 | 31.89 | 31.35 | 1.93 times |
| 20 Thu Jun 2024 | 31.72 | 31.54 | 31.91 | 31.39 | 0.967 times |
| 18 Tue Jun 2024 | 31.74 | 31.38 | 31.85 | 31.03 | 0.755 times |
| 18 Tue Jun 2024 | 31.74 | 31.38 | 31.85 | 31.03 | 0.755 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 33, for a target of 32.4 or 31.81
Share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Target | 30.55 |
| Downside Target | 31.85 |
| Downside Target | 32.77 |
| Upside Target | 33.49 |
| Upside Target | 33.56 |
| Upside Target | 35.06 |
| Upside Target | 35.51 |
| Upside Target | 36.27 |
Intraday share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Intraday Target | 32.53 |
| Downside Intraday Target | 32.25 |
| Upside Intraday Target | 33.32 |
| Upside Intraday Target | 33.83 |
| Upside Intraday Target | 33.04 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Mon Jul 2024 | 32.80 | 33.11 | 33.56 | 32.77 | 0.156 times |
| 28 Fri Jun 2024 | 33.29 | 31.72 | 33.49 | 31.16 | 1.396 times |
| 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 |
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 |
| 01 Mon Jul 2024 | 32.80 | 33.11 | 33.56 | 32.77 | 0.045 times |
| 28 Fri Jun 2024 | 33.29 | 33.37 | 33.49 | 30.55 | 1.269 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 |
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 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 to mid 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 mid to longer 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.
ADX buy sell signal for First Merchants stock for short term is BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above 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 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 32.2 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 rising upwards.
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 is giving positive 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 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 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 to mid 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 mid to longer 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.
ADX buy sell signal for First Merchants stock for short term is BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above 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 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 32.2 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 rising upwards.
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 is giving positive 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.