(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 2024-10-04 View latest technical analysis
10 day averaged volume of First Merchants is 308490
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Fri Oct 2024 | 36.19 | 36.43 | 36.55 | 35.89 | 0.777 times |
| 03 Thu Oct 2024 | 35.73 | 35.16 | 35.82 | 35.16 | 0.54 times |
| 02 Wed Oct 2024 | 35.52 | 35.81 | 36.36 | 35.47 | 0.456 times |
| 01 Tue Oct 2024 | 35.99 | 37.03 | 37.03 | 35.80 | 0.596 times |
| 30 Mon Sep 2024 | 37.20 | 36.50 | 37.59 | 36.29 | 0.768 times |
| 27 Fri Sep 2024 | 36.67 | 37.17 | 37.21 | 36.49 | 0.529 times |
| 26 Thu Sep 2024 | 36.79 | 36.99 | 37.15 | 36.47 | 0.64 times |
| 25 Wed Sep 2024 | 36.54 | 36.97 | 37.05 | 36.51 | 0.672 times |
| 24 Tue Sep 2024 | 36.97 | 37.50 | 37.73 | 36.90 | 1.442 times |
| 23 Mon Sep 2024 | 37.53 | 37.59 | 37.84 | 37.00 | 0.889 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.9 as stoploss in an intra day buy trade for a target of 36.68. However, stock will show a bearish move below 35.9.
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 | 35.04 |
| Downside Intraday Target | 33.88 |
| Upside Intraday Target | 37.47 |
| Upside Intraday Target | 38.74 |
| Upside Intraday Target | 36.31 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Fri Oct 2024 | 36.19 | 36.50 | 37.59 | 35.16 | 0.752 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 |
| 04 Fri Oct 2024 | 36.19 | 37.03 | 37.03 | 35.16 | 0.14 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 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 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 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 losing 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 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 36.64 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.
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 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 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 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 losing 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 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 36.64 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.