(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 2024-08-27 View latest technical analysis
10 day averaged volume of First Merchants is 178748
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Tue Aug 2024 | 38.47 | 38.49 | 38.60 | 37.91 | 1.309 times |
| 26 Mon Aug 2024 | 38.54 | 38.88 | 39.13 | 38.29 | 1.517 times |
| 23 Fri Aug 2024 | 38.42 | 36.79 | 39.06 | 36.49 | 1.39 times |
| 22 Thu Aug 2024 | 36.51 | 36.25 | 36.75 | 36.25 | 0.937 times |
| 21 Wed Aug 2024 | 36.39 | 36.93 | 36.93 | 36.12 | 0.806 times |
| 20 Tue Aug 2024 | 36.60 | 37.28 | 37.28 | 36.46 | 0.953 times |
| 19 Mon Aug 2024 | 37.18 | 36.74 | 37.18 | 36.57 | 0.257 times |
| 16 Fri Aug 2024 | 36.76 | 36.19 | 37.29 | 36.19 | 0.886 times |
| 15 Thu Aug 2024 | 36.30 | 36.46 | 37.02 | 36.15 | 0.953 times |
| 14 Wed Aug 2024 | 35.50 | 35.56 | 35.99 | 35.15 | 0.855 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.2, but if it comes below 38.2, then a intra day sell could be more profitable.
If you take a sell trade below 38.2, then use 38.2 as stoploss and 36.85 as target. However if you take a buy trade in stock , then use 38.2 as stoploss and 39.8 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 |
| Downside Target | 36.12 |
| Downside Target | 37.29 |
| Downside Target | 37.91 |
| Upside Target | 39.06 |
| Upside Target | 39.13 |
| 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 | 37.88 |
| Downside Intraday Target | 37.28 |
| Upside Intraday Target | 39.1 |
| Upside Intraday Target | 39.72 |
| Upside Intraday Target | 38.5 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Tue Aug 2024 | 38.47 | 38.88 | 39.13 | 37.91 | 0.651 times |
| 23 Fri Aug 2024 | 38.42 | 36.74 | 39.06 | 36.12 | 0.799 times |
| 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 |
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 |
| 27 Tue Aug 2024 | 38.47 | 40.32 | 40.49 | 34.67 | 0.644 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 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 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.
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 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 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 37.28 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 negative.
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 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 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.
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 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 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 37.28 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.