(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.
10 day averaged volume of First Merchants is 184798
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 32.94 | 33.54 | 33.65 | 32.82 | 1.031 times |
| 23 Thu May 2024 | 33.20 | 34.36 | 34.36 | 33.10 | 1.55 times |
| 22 Wed May 2024 | 34.31 | 34.96 | 35.09 | 34.27 | 1.521 times |
| 21 Tue May 2024 | 35.15 | 34.97 | 35.28 | 34.97 | 0.782 times |
| 20 Mon May 2024 | 34.99 | 35.91 | 35.91 | 34.99 | 0.716 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 32.8, for a target of 33.9 or 34.86
Share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Target | 32.16 |
| Upside Target | 34.56 |
| Upside Target | 35.06 |
| Upside Target | 35.19 |
| Upside Target | 35.25 |
| Upside Target | 35.51 |
| Upside Target | 35.91 |
| Upside Target | 36.10 |
| Upside Target | 36.27 |
| Upside Target | 37.85 |
Intraday share price targets for First Merchants (FRME)
| Target Type | Value |
| Downside Intraday Target | 32.62 |
| Downside Intraday Target | 32.31 |
| Upside Intraday Target | 33.45 |
| Upside Intraday Target | 33.97 |
| Upside Intraday Target | 33.14 |
Weekly technical analysis of First Merchants (FRME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 32.94 | 33.54 | 33.65 | 32.82 | 0.226 times |
| 23 Thu May 2024 | 33.20 | 35.91 | 35.91 | 33.10 | 1.038 times |
| 17 Fri May 2024 | 35.78 | 36.27 | 36.27 | 35.25 | 0.745 times |
| 10 Fri May 2024 | 35.88 | 34.97 | 36.10 | 34.56 | 0.983 times |
| 03 Fri May 2024 | 34.69 | 34.44 | 34.92 | 33.31 | 0.747 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 |
| 28 Tue May 2024 | 32.94 | 33.67 | 36.27 | 32.82 | 0.717 times |
| 30 Tue Apr 2024 | 33.42 | 35.05 | 35.06 | 32.29 | 0.741 times |
| 28 Thu Mar 2024 | 34.90 | 33.00 | 35.51 | 32.16 | 1.253 times |
| 29 Thu Feb 2024 | 33.20 | 33.94 | 35.19 | 32.42 | 1.168 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 15, 38, 43 | Sell |
| MACD | 0, 0 | Sell |
| Stochastics | 3 | Sell |
| CCI | -165 | Sell |
| RSI | 43 | Sell |
| OBV | 10633 | Sell |
| VWAP | 35 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
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 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 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 Strong and stock is gaining 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 in or above 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
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 34.68 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.
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