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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 2024-10-03 View latest technical analysis

10 day averaged volume of First Merchants is 321010

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	35.73	35.16	35.82	35.16	0.519 times
02 Wed Oct 2024	35.52	35.81	36.36	35.47	0.438 times
01 Tue Oct 2024	35.99	37.03	37.03	35.80	0.573 times
30 Mon Sep 2024	37.20	36.50	37.59	36.29	0.738 times
27 Fri Sep 2024	36.67	37.17	37.21	36.49	0.509 times
26 Thu Sep 2024	36.79	36.99	37.15	36.47	0.615 times
25 Wed Sep 2024	36.54	36.97	37.05	36.51	0.645 times
24 Tue Sep 2024	36.97	37.50	37.73	36.90	1.386 times
23 Mon Sep 2024	37.53	37.59	37.84	37.00	0.854 times
20 Fri Sep 2024	37.30	38.43	38.87	37.16	3.333 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.9, but if it comes above 35.9, then a intra day buy could be more profitable.
If you take a sell trade below 35.9, then use 35.9 as stoploss and 35 as target. However if you take a buy trade in stock , then use 35.9 as stoploss and 36.69 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.55
Downside Target	32.28
Downside Target	33.49
Downside Target	34.67
Upside 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	34.73
Downside Intraday Target	33.73
Upside Intraday Target	37.16
Upside Intraday Target	38.59
Upside Intraday Target	36.16

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	35.73	36.50	37.59	35.16	0.566 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 down 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
03 Thu Oct 2024	35.73	37.03	37.03	35.16	0.094 times
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

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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for First Merchants in short term and SELL signal is strong!

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 36.9 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.