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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 2024-10-16 View latest technical analysis

10 day averaged volume of First Merchants is 166680

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	39.40	39.00	39.65	38.85	1.304 times
15 Tue Oct 2024	38.66	37.80	39.27	37.53	1.484 times
14 Mon Oct 2024	37.75	37.20	37.92	36.85	0.942 times
11 Fri Oct 2024	37.18	36.21	37.46	35.29	0.841 times
10 Thu Oct 2024	36.01	35.82	36.03	35.55	0.799 times
09 Wed Oct 2024	36.18	36.10	36.55	35.64	1.058 times
08 Tue Oct 2024	36.10	36.18	36.18	35.27	0.837 times
07 Mon Oct 2024	35.99	35.97	36.50	35.70	0.758 times
04 Fri Oct 2024	36.19	36.43	36.55	35.89	1.437 times
03 Thu Oct 2024	35.73	35.16	35.82	35.16	1 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 39.2, for a target of 38 or 36.92

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
Downside Target	37.84
Downside Target	38.87
Downside Target	39.11
Upside Target	39.65
Upside Target	40.49
Upside Target	42.45

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	37.62
Downside Intraday Target	35.83
Upside Intraday Target	40.42
Upside Intraday Target	41.43
Downside Intraday Target	38.63

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	39.40	37.20	39.65	36.85	0.869 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
16 Wed Oct 2024	39.40	37.03	39.65	35.16	0.397 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 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 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 mid to longer 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.

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 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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 37.08 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.