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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 2025-01-29 View latest technical analysis

10 day averaged volume of First Merchants is 257730

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	41.26	41.15	41.90	40.69	0.842 times
28 Tue Jan 2025	41.37	41.14	41.47	40.85	0.671 times
27 Mon Jan 2025	41.19	40.55	41.73	40.38	0.881 times
24 Fri Jan 2025	40.35	40.09	40.52	39.09	0.56 times
23 Thu Jan 2025	40.12	39.93	40.55	39.87	0.703 times
22 Wed Jan 2025	40.02	40.33	40.34	39.38	0.634 times
21 Tue Jan 2025	40.51	40.59	41.16	40.47	0.689 times
17 Fri Jan 2025	40.27	40.22	40.45	39.77	2.057 times
17 Fri Jan 2025	40.27	40.22	40.45	39.77	2.057 times
16 Thu Jan 2025	39.95	40.00	40.33	39.34	0.87 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40.7, but if it comes below 40.7, then a intra day sell could be more profitable.
If you take a sell trade below 40.7, then use 40.7 as stoploss and 39.79 as target. However if you take a buy trade in stock , then use 40.7 as stoploss and 41.9 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	34.77
Downside Target	36.18
Downside Target	37.23
Downside Target	39.03
Downside Target	40.38
Downside Target	40.45
Downside Target	41.06
Downside Target	41.16
Upside Target	41.90
Upside Target	44.06
Upside Target	46.13

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	40.46
Downside Intraday Target	39.66
Upside Intraday Target	41.98
Upside Intraday Target	42.7
Downside Intraday Target	41.18

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	41.26	40.55	41.90	40.38	0.926 times
24 Fri Jan 2025	40.35	40.59	41.16	39.09	1.257 times
17 Fri Jan 2025	40.27	40.22	40.45	39.77	0.393 times
17 Fri Jan 2025	40.27	37.69	41.06	37.49	2.869 times
10 Fri Jan 2025	37.99	38.60	39.03	37.23	0.829 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
29 Wed Jan 2025	41.26	40.26	41.90	37.23	1.05 times
31 Tue Dec 2024	39.89	43.30	44.06	39.50	0.793 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

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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for First Merchants in short term and BUY 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 40.48 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 negative.

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