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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 2024-10-14 View latest technical analysis

10 day averaged volume of First Merchants is 168330

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	37.75	37.20	37.92	36.85	0.933 times
11 Fri Oct 2024	37.18	36.21	37.46	35.29	0.832 times
10 Thu Oct 2024	36.01	35.82	36.03	35.55	0.791 times
09 Wed Oct 2024	36.18	36.10	36.55	35.64	1.048 times
08 Tue Oct 2024	36.10	36.18	36.18	35.27	0.829 times
07 Mon Oct 2024	35.99	35.97	36.50	35.70	0.75 times
04 Fri Oct 2024	36.19	36.43	36.55	35.89	1.423 times
03 Thu Oct 2024	35.73	35.16	35.82	35.16	0.99 times
02 Wed Oct 2024	35.52	35.81	36.36	35.47	0.836 times
01 Tue Oct 2024	35.99	37.03	37.03	35.80	1.093 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.5, but if it comes below 37.5, then a intra day sell could be more profitable.
If you take a sell trade below 37.5, then use 37.5 as stoploss and 36.75 as target. However if you take a buy trade in stock , then use 37.5 as stoploss and 38.5 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
Downside Target	36.21
Upside Target	37.84
Upside Target	37.92
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	37.09
Downside Intraday Target	36.44
Upside Intraday Target	38.16
Upside Intraday Target	38.58
Downside Intraday Target	37.51

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	37.75	37.20	37.92	36.85	0.219 times
11 Fri Oct 2024	37.18	35.97	37.46	35.27	0.739 times
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

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
14 Mon Oct 2024	37.75	37.03	37.92	35.16	0.308 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 up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for First Merchants in short term but the buy 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 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 buy signal for First Merchants in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 36.26 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.