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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 2024-09-30 View latest technical analysis

10 day averaged volume of First Merchants is 327210

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	37.20	36.50	37.59	36.29	0.724 times
27 Fri Sep 2024	36.67	37.17	37.21	36.49	0.499 times
26 Thu Sep 2024	36.79	36.99	37.15	36.47	0.603 times
25 Wed Sep 2024	36.54	36.97	37.05	36.51	0.633 times
24 Tue Sep 2024	36.97	37.50	37.73	36.90	1.359 times
23 Mon Sep 2024	37.53	37.59	37.84	37.00	0.838 times
20 Fri Sep 2024	37.30	38.43	38.87	37.16	3.269 times
19 Thu Sep 2024	38.73	38.28	38.76	37.50	0.892 times
18 Wed Sep 2024	37.38	37.44	38.81	36.86	0.818 times
17 Tue Sep 2024	37.30	37.43	38.23	36.90	0.502 times

My analysis of stock is bullish for shortterm, and stock might move up till 37.7 or till 38.6. Use a stoploss of 36.99 and if this stock hits its stoploss, then it can fall down till 36.26

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	37.59
Upside Target	37.84
Upside Target	38.87
Upside Target	39.11
Upside Target	40.49
Upside Target	42.45

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	36.46
Downside Intraday Target	35.73
Upside Intraday Target	37.76
Upside Intraday Target	38.33
Downside Intraday Target	37.03

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	37.20	36.50	37.59	36.29	0.184 times
27 Fri Sep 2024	36.67	37.59	37.84	36.47	0.648 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

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
30 Mon Sep 2024	37.20	38.36	39.11	34.77	1.127 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

Price action analysis of First Merchants ( (FRME) ) based on a mid to longer 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.

ADX buy sell signal for First Merchants stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for First Merchants in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 37.29 and First Merchants (FRME) stock is trading below this level. This means that stock is falling with high volumes. 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.