Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-07-03 View latest technical analysis

10 day averaged volume of First Merchants is 299830

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	32.80	33.49	33.50	32.79	0.295 times
03 Wed Jul 2024	32.80	33.49	33.50	32.79	0.295 times
02 Tue Jul 2024	33.48	32.86	33.50	32.86	0.705 times
01 Mon Jul 2024	32.80	33.11	33.56	32.77	0.816 times
28 Fri Jun 2024	33.29	32.71	33.49	32.53	2.604 times
27 Thu Jun 2024	32.33	32.12	32.33	31.81	0.536 times
26 Wed Jun 2024	31.92	31.24	32.05	31.16	0.608 times
25 Tue Jun 2024	31.45	31.70	31.92	31.39	0.766 times
24 Mon Jun 2024	31.93	31.72	32.38	31.55	0.706 times
21 Fri Jun 2024	31.56	31.74	31.89	31.35	1.975 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 32.7, but if it comes below 32.7, then a intra day sell could be more profitable.
If you take a sell trade below 32.7, then use 32.7 as stoploss and 31.96 as target. However if you take a buy trade in stock , then use 32.7 as stoploss and 33.5 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.55
Downside Target	31.85
Downside Target	32.79
Upside Target	33.49
Upside Target	33.50
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	32.56
Downside Intraday Target	32.32
Upside Intraday Target	33.27
Upside Intraday Target	33.74
Upside Intraday Target	33.03

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	32.80	33.49	33.50	32.79	0.163 times
03 Wed Jul 2024	32.80	33.11	33.56	32.77	0.348 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

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
03 Wed Jul 2024	32.80	33.11	33.56	32.77	0.116 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 coming down

CCI has generated a SELL signal for First Merchants in short term

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

MRSI is in positive zone. This is a BUY zone

Stock of First Merchants is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.46 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.