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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 2024-09-23 View latest technical analysis

10 day averaged volume of First Merchants is 282700

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	37.53	37.59	37.84	37.00	0.97 times
20 Fri Sep 2024	37.30	38.43	38.87	37.16	3.784 times
19 Thu Sep 2024	38.73	38.28	38.76	37.50	1.033 times
18 Wed Sep 2024	37.38	37.44	38.81	36.86	0.946 times
17 Tue Sep 2024	37.30	37.43	38.23	36.90	0.581 times
16 Mon Sep 2024	36.93	36.88	37.31	36.21	0.679 times
13 Fri Sep 2024	36.73	36.41	36.73	36.10	0.661 times
12 Thu Sep 2024	35.81	35.73	35.93	35.33	0.446 times
11 Wed Sep 2024	35.63	35.95	35.95	34.77	0.646 times
10 Tue Sep 2024	36.28	36.39	36.41	35.55	0.54 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.6 or till 39.9. Use a stoploss of 37.51 and if this stock hits its stoploss, then it can fall down till 36.43

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	37.84
Upside Target	38.66
Upside Target	38.87
Upside Target	39.11
Upside Target	39.38
Upside Target	40.49
Upside Target	42.45

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	37.07
Downside Intraday Target	36.62
Upside Intraday Target	37.91
Upside Intraday Target	38.3
Downside Intraday Target	37.46

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	37.53	37.59	37.84	37.00	0.138 times
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

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
23 Mon Sep 2024	37.53	38.36	39.11	34.77	0.856 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 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 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.

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 red color and prices are in or above the red cloud Prices appear to be moving up

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

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 37.19 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.