(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 2024-08-08 View latest technical analysis
10 day averaged volume of First Merchants is 292360
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 36.14 | 36.15 | 36.21 | 35.67 | 0.592 times |
| 07 Wed Aug 2024 | 35.43 | 36.09 | 36.59 | 35.40 | 0.625 times |
| 06 Tue Aug 2024 | 35.91 | 35.76 | 36.49 | 35.26 | 0.7 times |
| 05 Mon Aug 2024 | 35.82 | 35.48 | 36.67 | 34.67 | 0.971 times |
| 02 Fri Aug 2024 | 37.36 | 36.95 | 37.81 | 36.62 | 1.174 times |
| 01 Thu Aug 2024 | 38.65 | 40.32 | 40.49 | 38.19 | 0.941 times |
| 31 Wed Jul 2024 | 40.35 | 40.58 | 41.54 | 39.92 | 0.95 times |
| 30 Tue Jul 2024 | 40.41 | 40.64 | 40.82 | 39.38 | 0.846 times |
| 29 Mon Jul 2024 | 40.30 | 41.66 | 41.66 | 40.18 | 1.185 times |
| 26 Fri Jul 2024 | 41.35 | 41.13 | 42.45 | 39.34 | 1.12 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.6, but if it comes above 36.6, then a intra day buy could be more profitable.
If you take a sell trade below 36.6, then use 36.6 as stoploss and 34.3 as target. However if you take a buy trade in stock , then use 36.6 as stoploss and 38.46 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 | 34.98 |
| Downside Intraday Target | 33.83 |
| Upside Intraday Target | 36.98 |
| Upside Intraday Target | 37.83 |
| Downside Intraday Target | 35.83 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 36.14 | 35.48 | 36.67 | 34.67 | 0.567 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 |
| 08 Thu Aug 2024 | 36.14 | 40.32 | 40.49 | 34.67 | 0.244 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 losing 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 weakening, and bulls are picking up momentum!
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 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 38.47 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.
Price action analysis of First Merchants ( (FRME) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 losing 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 weakening, and bulls are picking up momentum!
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 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 38.47 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.