(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 2024-08-16 View latest technical analysis
10 day averaged volume of First Merchants is 214729
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Fri Aug 2024 | 36.76 | 36.19 | 37.29 | 36.19 | 0.738 times |
| 15 Thu Aug 2024 | 36.30 | 36.46 | 37.02 | 36.15 | 0.793 times |
| 14 Wed Aug 2024 | 35.50 | 35.56 | 35.99 | 35.15 | 0.712 times |
| 13 Tue Aug 2024 | 35.71 | 35.63 | 35.84 | 34.81 | 1.204 times |
| 12 Mon Aug 2024 | 35.18 | 35.70 | 36.23 | 34.78 | 1.08 times |
| 09 Fri Aug 2024 | 35.70 | 35.99 | 36.45 | 35.43 | 0.681 times |
| 08 Thu Aug 2024 | 36.14 | 36.15 | 36.21 | 35.67 | 0.806 times |
| 07 Wed Aug 2024 | 35.43 | 36.09 | 36.59 | 35.40 | 0.85 times |
| 06 Tue Aug 2024 | 35.91 | 35.76 | 36.49 | 35.26 | 0.953 times |
| 05 Mon Aug 2024 | 35.82 | 35.48 | 36.67 | 34.67 | 1.322 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.7 as stoploss in an intra day buy trade for a target of 37.84. However, stock will show a bearish move below 35.7.
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 |
| Downside Target | 36.67 |
| Upside Target | 37.29 |
| 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 | 35.26 |
| Downside Intraday Target | 33.77 |
| Upside Intraday Target | 37.77 |
| Upside Intraday Target | 38.79 |
| Downside Intraday Target | 36.28 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Fri Aug 2024 | 36.76 | 35.70 | 37.29 | 34.78 | 0.981 times |
| 09 Fri Aug 2024 | 35.70 | 35.48 | 36.67 | 34.67 | 0.665 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 |
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 |
| 16 Fri Aug 2024 | 36.76 | 40.32 | 40.49 | 34.67 | 0.43 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of First Merchants ( (FRME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Weak and stock is losing momentum.
MACD generated a SELL signal for First Merchants in short term but the sell 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 35.81 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of First Merchants ( (FRME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Weak and stock is losing momentum.
MACD generated a SELL signal for First Merchants in short term but the sell 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 35.81 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 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.