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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 2024-12-26 View latest technical analysis

10 day averaged volume of First Merchants is 337610

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	41.03	40.47	41.15	40.33	0.308 times
24 Tue Dec 2024	40.87	40.51	40.87	40.31	0.207 times
23 Mon Dec 2024	40.53	40.68	40.92	39.69	0.589 times
20 Fri Dec 2024	40.89	39.86	41.46	39.86	2.17 times
19 Thu Dec 2024	40.36	40.65	41.30	40.22	1.211 times
18 Wed Dec 2024	40.48	43.08	43.30	40.07	0.973 times
17 Tue Dec 2024	42.74	43.41	43.86	42.73	1.177 times
16 Mon Dec 2024	43.77	43.17	43.88	42.98	0.817 times
13 Fri Dec 2024	43.17	43.36	43.44	42.52	0.781 times
12 Thu Dec 2024	43.37	43.57	44.06	43.29	0.701 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.3, but if it comes above 41.3, then a intra day buy could be more profitable.
If you take a sell trade below 41.3, then use 41.3 as stoploss and 39.6 as target. However if you take a buy trade in stock , then use 41.3 as stoploss and 42.68 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	34.67
Downside Target	36.18
Downside Target	39.11
Upside Target	42.51
Upside Target	43.88
Upside Target	44.06
Upside Target	44.21
Upside Target	45.28
Upside Target	46.13

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	40.1
Downside Intraday Target	39.16
Upside Intraday Target	41.56
Upside Intraday Target	42.08
Downside Intraday Target	40.62

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	41.03	40.68	41.15	39.69	0.174 times
20 Fri Dec 2024	40.89	43.17	43.88	39.86	1.575 times
13 Fri Dec 2024	43.17	43.30	44.06	42.51	7.678 times
26 Tue Nov 2024	44.29	44.66	45.28	44.21	0.387 times
26 Tue Nov 2024	44.29	44.92	46.13	44.21	0.548 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
26 Thu Dec 2024	41.03	43.30	44.06	39.69	0.71 times
26 Tue Nov 2024	44.29	37.41	46.13	36.18	0.876 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 SELL. Signal strength is Strong 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 weakening, and bulls are picking up momentum!

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

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

RSI is generating a BUY signal in short term but buying 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 41.66 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.