(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 2024-09-20 View latest technical analysis
10 day averaged volume of First Merchants is 190000
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Sep 2024 | 37.30 | 38.43 | 38.87 | 37.16 | 5.631 times |
| 19 Thu Sep 2024 | 38.73 | 38.28 | 38.76 | 37.50 | 1.536 times |
| 18 Wed Sep 2024 | 37.38 | 37.44 | 38.81 | 36.86 | 1.408 times |
| 17 Tue Sep 2024 | 37.30 | 37.43 | 38.23 | 36.90 | 0.864 times |
| 16 Mon Sep 2024 | 36.93 | 36.88 | 37.31 | 36.21 | 1.01 times |
| 13 Fri Sep 2024 | 36.73 | 36.41 | 36.73 | 36.10 | 0.984 times |
| 12 Thu Sep 2024 | 35.81 | 35.73 | 35.93 | 35.33 | 0.663 times |
| 11 Wed Sep 2024 | 35.63 | 35.95 | 35.95 | 34.77 | 0.961 times |
| 10 Tue Sep 2024 | 36.28 | 36.39 | 36.41 | 35.55 | 0.804 times |
| 09 Mon Sep 2024 | 36.37 | 36.40 | 36.96 | 36.23 | 1.019 times |
Stock of First Merchants (FRME) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, and stock might move down till 36.5 or till 35.1. Use a stoploss of 37.56 and if the stock hits stoploss, then it can shoot up till 38.66
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 | 37.91 |
| Upside Target | 38.87 |
| 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 | 36.05 |
| Downside Intraday Target | 34.8 |
| Upside Intraday Target | 38.71 |
| Upside Intraday Target | 40.12 |
| Upside Intraday Target | 37.46 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Sep 2024 | 37.30 | 36.88 | 38.87 | 36.21 | 2.359 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, 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 |
| 20 Fri Sep 2024 | 37.30 | 38.36 | 39.11 | 34.77 | 0.797 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for First Merchants in short term and the buy signal is strong.
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 red color and prices are below the red 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 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 37.1 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for First Merchants in short term and the buy signal is strong.
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 red color and prices are below the red 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 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 37.1 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.