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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 2024-07-02 View latest technical analysis

10 day averaged volume of First Merchants is 316180

Date Daily Closing Price Open High Low Volume
02 Tue Jul 2024 33.48 32.86 33.50 32.86 0.669 times
01 Mon Jul 2024 32.80 33.11 33.56 32.77 0.774 times
28 Fri Jun 2024 33.29 32.71 33.49 32.53 2.469 times
27 Thu Jun 2024 32.33 32.12 32.33 31.81 0.508 times
26 Wed Jun 2024 31.92 31.24 32.05 31.16 0.576 times
25 Tue Jun 2024 31.45 31.70 31.92 31.39 0.726 times
24 Mon Jun 2024 31.93 31.72 32.38 31.55 0.67 times
21 Fri Jun 2024 31.56 31.74 31.89 31.35 1.873 times
20 Thu Jun 2024 31.72 31.54 31.91 31.39 0.939 times
18 Tue Jun 2024 31.74 31.38 31.85 31.03 0.733 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 33.3, for a target of 32.6 or 31.9

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 32.98
Downside Intraday Target 32.48
Upside Intraday Target 33.77
Upside Intraday Target 34.06
Downside Intraday Target 33.27

Weekly technical analysis of First Merchants (FRME)

Date Weekly Closing Price Open High Low Volume
02 Tue Jul 2024 33.48 33.11 33.56 32.77 0.291 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 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
02 Tue Jul 2024 33.48 33.11 33.56 32.77 0.083 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 up 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 neutral. A longer time frame might give a better analysis.

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 moving up

CCI has generated a buy signal for First Merchants in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 32.32 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 neutral. A longer time frame might give a better analysis.

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 moving up

CCI has generated a buy signal for First Merchants in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 32.32 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.

Daily charts

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