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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 2024-10-22 View latest technical analysis

10 day averaged volume of First Merchants is 210600

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	37.35	37.40	37.54	37.14	0.943 times
21 Mon Oct 2024	37.38	38.85	38.98	37.32	1.413 times
18 Fri Oct 2024	38.83	39.84	39.84	38.73	1.638 times
17 Thu Oct 2024	39.65	39.31	39.69	38.93	1.199 times
16 Wed Oct 2024	39.40	39.00	39.65	38.85	1.032 times
15 Tue Oct 2024	38.66	37.80	39.27	37.53	1.175 times
14 Mon Oct 2024	37.75	37.20	37.92	36.85	0.745 times
11 Fri Oct 2024	37.18	36.21	37.46	35.29	0.665 times
10 Thu Oct 2024	36.01	35.82	36.03	35.55	0.632 times
09 Wed Oct 2024	36.18	36.10	36.55	35.64	0.838 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.3 or till 39.7. Use a stoploss of 37.06 and if this stock hits its stoploss, then it can fall down till 35.85

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	36.47
Upside Target	37.84
Upside Target	38.98
Upside Target	39.11
Upside Target	39.84
Upside Target	40.49
Upside Target	42.45

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	36.67
Downside Intraday Target	35.98
Upside Intraday Target	38.51
Upside Intraday Target	39.66
Upside Intraday Target	37.82

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	37.35	38.85	38.98	37.14	0.407 times
18 Fri Oct 2024	38.83	37.20	39.84	36.85	1.704 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

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
22 Tue Oct 2024	37.35	37.03	39.84	35.16	0.607 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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.

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 BUY signal for First Merchants in short term and the buy signal is strong.

First Merchants Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 but selling is losing 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 38.05 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.