(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 2024-09-06 View latest technical analysis
10 day averaged volume of First Merchants is 223180
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 36.40 | 37.11 | 37.41 | 36.20 | 0.64 times |
| 05 Thu Sep 2024 | 37.39 | 38.08 | 38.08 | 37.11 | 0.946 times |
| 04 Wed Sep 2024 | 37.75 | 38.06 | 38.43 | 37.61 | 0.908 times |
| 03 Tue Sep 2024 | 38.19 | 38.36 | 39.11 | 37.97 | 1.355 times |
| 30 Fri Aug 2024 | 39.00 | 39.11 | 39.38 | 38.66 | 1.005 times |
| 30 Fri Aug 2024 | 39.00 | 39.11 | 39.38 | 38.66 | 1.005 times |
| 29 Thu Aug 2024 | 38.94 | 39.49 | 39.49 | 38.65 | 0.774 times |
| 28 Wed Aug 2024 | 38.99 | 38.51 | 39.27 | 38.25 | 0.63 times |
| 27 Tue Aug 2024 | 38.47 | 38.49 | 38.60 | 37.91 | 1.048 times |
| 26 Mon Aug 2024 | 38.54 | 38.88 | 39.13 | 38.29 | 1.215 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 36.1 as stoploss in an intra day buy trade for a target of 37.36. However, stock will show a bearish move below 36.1.
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 |
| Upside Target | 37.29 |
| Upside Target | 39.06 |
| Upside Target | 39.11 |
| 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 | 35.36 |
| Downside Intraday Target | 34.33 |
| Upside Intraday Target | 38.27 |
| Upside Intraday Target | 40.15 |
| Upside Intraday Target | 37.24 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 36.40 | 38.36 | 39.11 | 36.20 | 3.832 times |
| 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of First Merchants (FRME)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 36.40 | 38.36 | 39.11 | 36.20 | 0.186 times |
| 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 |
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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 coming down
CCI has generated a SELL signal for First Merchants in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 38.31 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 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 coming down
CCI has generated a SELL signal for First Merchants in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 38.31 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.