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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 2024-08-06 View latest technical analysis

10 day averaged volume of First Merchants is 323420

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	35.91	35.76	36.49	35.26	0.633 times
05 Mon Aug 2024	35.82	35.48	36.67	34.67	0.878 times
02 Fri Aug 2024	37.36	36.95	37.81	36.62	1.061 times
01 Thu Aug 2024	38.65	40.32	40.49	38.19	0.851 times
31 Wed Jul 2024	40.35	40.58	41.54	39.92	0.858 times
30 Tue Jul 2024	40.41	40.64	40.82	39.38	0.764 times
29 Mon Jul 2024	40.30	41.66	41.66	40.18	1.071 times
26 Fri Jul 2024	41.35	41.13	42.45	39.34	1.012 times
25 Thu Jul 2024	40.43	39.25	40.97	37.99	1.347 times
24 Wed Jul 2024	39.62	40.40	40.94	39.00	1.045 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.2, but if it comes above 36.2, then a intra day buy could be more profitable.
If you take a sell trade below 36.2, then use 36.2 as stoploss and 33.7 as target. However if you take a buy trade in stock , then use 36.2 as stoploss and 38.33 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	34.67
Upside Target	36.62
Upside Target	36.67
Upside Target	37.85
Upside Target	40.20
Upside Target	40.49
Upside Target	41.66
Upside Target	42.45

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	34.83
Downside Intraday Target	33.75
Upside Intraday Target	36.83
Upside Intraday Target	37.75
Downside Intraday Target	35.75

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	35.91	35.48	36.67	34.67	0.328 times
02 Fri Aug 2024	37.36	41.66	41.66	36.62	0.873 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

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
06 Tue Aug 2024	35.91	40.32	40.49	34.67	0.185 times
31 Wed Jul 2024	40.35	33.11	42.45	32.28	1.097 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of First Merchants ( (FRME) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for First Merchants in short term but the sell signal is initial and weak.

First Merchants Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for First Merchants in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 39.19 and First Merchants (FRME) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.