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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 2024-07-29 View latest technical analysis

10 day averaged volume of First Merchants is 326100

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	40.30	41.66	41.66	40.18	1.062 times
26 Fri Jul 2024	41.35	41.13	42.45	39.34	1.004 times
25 Thu Jul 2024	40.43	39.25	40.97	37.99	1.336 times
24 Wed Jul 2024	39.62	40.40	40.94	39.00	1.037 times
23 Tue Jul 2024	40.54	38.96	40.81	38.90	1.103 times
22 Mon Jul 2024	39.36	38.53	39.61	37.85	0.754 times
19 Fri Jul 2024	38.72	38.52	39.28	38.01	1.119 times
18 Thu Jul 2024	38.51	39.16	40.20	38.23	0.909 times
17 Wed Jul 2024	39.64	37.84	39.83	37.83	0.944 times
16 Tue Jul 2024	38.50	37.02	38.62	36.90	0.978 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.9, but if it comes below 39.9, then a intra day sell could be more profitable.
If you take a sell trade below 39.9, then use 39.9 as stoploss and 36.76 as target. However if you take a buy trade in stock , then use 39.9 as stoploss and 43.7 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.55
Downside Target	32.02
Downside Target	33.49
Downside Target	35.06
Downside Target	36.01
Downside Target	36.27
Downside Target	37.85
Downside Target	40.18
Downside Target	40.20
Upside Target	41.66
Upside Target	42.45

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	39.77
Downside Intraday Target	39.23
Upside Intraday Target	41.25
Upside Intraday Target	42.19
Upside Intraday Target	40.71

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	40.30	41.66	41.66	40.18	0.203 times
26 Fri Jul 2024	41.35	38.53	42.45	37.85	1.098 times
19 Fri Jul 2024	38.72	35.73	40.20	35.73	1.438 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

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
29 Mon Jul 2024	40.30	33.11	42.45	32.28	1.001 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 losing momentum.

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

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 green color and prices are above the green 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 BUY signal in short term but buying 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 39.74 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.