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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 2024-11-18 View latest technical analysis

10 day averaged volume of First Merchants is 374800

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	43.31	43.36	43.73	43.15	0.46 times
15 Fri Nov 2024	43.48	43.72	44.00	42.75	0.641 times
14 Thu Nov 2024	43.45	43.77	44.09	43.18	0.551 times
13 Wed Nov 2024	43.57	44.45	45.08	43.49	0.747 times
12 Tue Nov 2024	44.54	44.33	44.98	43.50	1.124 times
11 Mon Nov 2024	44.46	43.58	44.67	43.03	0.95 times
08 Fri Nov 2024	42.94	42.94	43.39	42.16	0.936 times
07 Thu Nov 2024	42.70	43.00	43.26	42.13	1.769 times
06 Wed Nov 2024	43.41	40.00	43.52	40.00	2.104 times
05 Tue Nov 2024	37.49	36.70	37.56	36.50	0.543 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 43.3, but if it comes below 43.3, then a intra day sell could be more profitable.
If you take a sell trade below 43.3, then use 43.3 as stoploss and 39.93 as target. However if you take a buy trade in stock , then use 43.3 as stoploss and 47.2 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	32.28
Downside Target	34.67
Downside Target	36.00
Downside Target	38.22
Downside Target	40.49
Downside Target	42.45
Downside Target	42.75
Downside Target	43.15
Upside Target	43.52
Upside Target	43.73
Upside Target	45.08

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	43.06
Downside Intraday Target	42.82
Upside Intraday Target	43.64
Upside Intraday Target	43.98
Upside Intraday Target	43.4

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	43.31	43.36	43.73	43.15	0.115 times
15 Fri Nov 2024	43.48	43.58	45.08	42.75	0.671 times
08 Fri Nov 2024	42.94	36.76	43.52	36.18	1.133 times
01 Fri Nov 2024	36.99	36.30	38.22	36.00	1.079 times
25 Fri Oct 2024	35.75	38.85	38.98	35.13	1.505 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
18 Mon Nov 2024	43.31	37.41	45.08	36.18	0.668 times
31 Thu Oct 2024	37.05	37.03	39.84	35.13	1.197 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

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 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 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 Strong and stock is gaining momentum.

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

First Merchants Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for First Merchants in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 43.16 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.