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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 2024-09-16 View latest technical analysis

10 day averaged volume of First Merchants is 192500

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	36.93	36.88	37.31	36.21	0.997 times
13 Fri Sep 2024	36.73	36.41	36.73	36.10	0.971 times
12 Thu Sep 2024	35.81	35.73	35.93	35.33	0.655 times
11 Wed Sep 2024	35.63	35.95	35.95	34.77	0.948 times
10 Tue Sep 2024	36.28	36.39	36.41	35.55	0.793 times
09 Mon Sep 2024	36.37	36.40	36.96	36.23	1.006 times
06 Fri Sep 2024	36.40	37.11	37.41	36.20	0.742 times
05 Thu Sep 2024	37.39	38.08	38.08	37.11	1.097 times
04 Wed Sep 2024	37.75	38.06	38.43	37.61	1.053 times
03 Tue Sep 2024	38.19	38.36	39.11	37.97	1.571 times

My analysis of stock is bearish for shortterm, and stock might move down till 36.3 or till 34.9. Use a stoploss of 37.42 and if the stock hits stoploss, then it can shoot up till 38.57

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	36.20
Upside Target	38.66
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	36.32
Downside Intraday Target	35.72
Upside Intraday Target	37.42
Upside Intraday Target	37.92
Downside Intraday Target	36.82

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	36.93	36.88	37.31	36.21	0.228 times
13 Fri Sep 2024	36.73	36.40	36.96	34.77	0.98 times
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

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 Mon Sep 2024	36.93	38.36	39.11	34.77	0.409 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 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

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 red color and prices are in or above the red 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 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 36.9 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.