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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 2024-10-25 View latest technical analysis

10 day averaged volume of First Merchants is 292980

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	35.75	36.25	36.38	35.64	0.901 times
24 Thu Oct 2024	36.00	36.25	37.17	35.13	2.276 times
23 Wed Oct 2024	37.36	37.27	38.35	36.98	1.391 times
22 Tue Oct 2024	37.35	37.40	37.54	37.14	0.678 times
21 Mon Oct 2024	37.38	38.85	38.98	37.32	1.016 times
18 Fri Oct 2024	38.83	39.84	39.84	38.73	1.178 times
17 Thu Oct 2024	39.65	39.31	39.69	38.93	0.862 times
16 Wed Oct 2024	39.40	39.00	39.65	38.85	0.742 times
15 Tue Oct 2024	38.66	37.80	39.27	37.53	0.844 times
14 Mon Oct 2024	37.75	37.20	37.92	36.85	0.536 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.8, but if it comes above 35.8, then a intra day buy could be more profitable.
If you take a sell trade below 35.8, then use 35.8 as stoploss and 34.3 as target. However if you take a buy trade in stock , then use 35.8 as stoploss and 37.01 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	36.47
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	34.26
Downside Intraday Target	32.77
Upside Intraday Target	38.11
Upside Intraday Target	40.47
Upside Intraday Target	36.62

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	35.75	38.85	38.98	35.13	1.505 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of First Merchants (FRME)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	35.75	37.03	39.84	35.13	0.864 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for First Merchants stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 37.55 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.