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 2024-07-17 View latest technical analysis

10 day averaged volume of First Merchants is 199500

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	39.64	37.84	39.83	37.83	1.544 times
16 Tue Jul 2024	38.50	37.02	38.62	36.90	1.599 times
15 Mon Jul 2024	36.72	35.73	37.03	35.73	1.333 times
12 Fri Jul 2024	35.39	35.75	36.01	35.33	1.208 times
11 Thu Jul 2024	35.38	34.64	35.52	33.85	1.604 times
10 Wed Jul 2024	33.72	32.91	33.83	32.90	0.772 times
09 Tue Jul 2024	32.96	32.41	32.99	32.28	0.831 times
08 Mon Jul 2024	32.52	32.79	33.02	32.45	1.001 times
05 Fri Jul 2024	32.38	32.73	32.86	32.36	0.764 times
03 Wed Jul 2024	32.80	33.49	33.50	32.79	0.444 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 38.6, for a target of 35.9 or 33.66

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.55
Downside Target	31.16
Downside Target	32.02
Downside Target	33.49
Downside Target	33.56
Downside Target	35.06
Downside Target	35.51
Downside Target	35.73
Downside Target	36.01
Downside Target	36.27
Upside Target	39.83

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	36.97
Downside Intraday Target	34.3
Upside Intraday Target	41.07
Upside Intraday Target	42.5
Downside Intraday Target	38.4

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	39.64	35.73	39.83	35.73	0.826 times
12 Fri Jul 2024	35.39	32.79	36.01	32.28	4.483 times
05 Fri Jul 2024	32.38	33.49	33.50	32.36	0.443 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

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
17 Wed Jul 2024	39.64	33.11	39.83	32.28	0.504 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 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 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.

ADX buy sell signal for First Merchants stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for First Merchants in short term and the buy signal is strong.

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 35.72 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.