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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 2024-08-30 View latest technical analysis

10 day averaged volume of First Merchants is 181908

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	39.00	39.11	39.38	38.66	1.232 times
30 Fri Aug 2024	39.00	39.11	39.38	38.66	1.232 times
29 Thu Aug 2024	38.94	39.49	39.49	38.65	0.95 times
28 Wed Aug 2024	38.99	38.51	39.27	38.25	0.773 times
27 Tue Aug 2024	38.47	38.49	38.60	37.91	1.286 times
26 Mon Aug 2024	38.54	38.88	39.13	38.29	1.491 times
23 Fri Aug 2024	38.42	36.79	39.06	36.49	1.366 times
22 Thu Aug 2024	36.51	36.25	36.75	36.25	0.921 times
21 Wed Aug 2024	36.39	36.93	36.93	36.12	0.792 times
20 Tue Aug 2024	36.60	37.28	37.28	36.46	0.936 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.4, but if it comes below 38.4, then a intra day sell could be more profitable.
If you take a sell trade below 38.4, then use 38.4 as stoploss and 37.03 as target. However if you take a buy trade in stock , then use 38.4 as stoploss and 40 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	37.91
Downside Target	38.66
Upside Target	39.06
Upside Target	39.38
Upside Target	39.49
Upside Target	40.49
Upside Target	42.45

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	38.65
Downside Intraday Target	38.29
Upside Intraday Target	39.37
Upside Intraday Target	39.73
Upside Intraday Target	39.01

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	39.00	39.11	39.38	38.66	0.215 times
30 Fri Aug 2024	39.00	38.88	39.49	37.91	1.344 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

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
30 Fri Aug 2024	39.00	40.32	40.49	34.67	0.771 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 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 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

RSI is generating a BUY signal in short term but buying is losing 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 38.2 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.