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(AMTB) Mercantil Bank complete technical analysis [charts+indicators] | Buy/Sell Mercantil Bank | (AMTB) share price targets

Complete technical analysis of Mercantil Bank (AMTB) by charts plus indicators, forecast predictions and share price targets for Mercantil Bank (AMTB)

Mercantil Bank trades in USA in Finance sector.

Showing technical analysis as on 2024-10-10 View latest technical analysis

10 day averaged volume of Mercantil Bank is 378320

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	19.66	19.62	19.79	19.48	0.432 times
09 Wed Oct 2024	19.82	19.89	20.22	19.81	0.361 times
08 Tue Oct 2024	19.92	20.28	20.28	19.89	0.404 times
07 Mon Oct 2024	20.15	20.29	20.43	20.06	0.189 times
04 Fri Oct 2024	20.43	20.64	20.70	20.37	0.356 times
03 Thu Oct 2024	20.18	20.02	20.34	20.00	0.293 times
02 Wed Oct 2024	20.26	20.07	20.42	20.00	0.439 times
01 Tue Oct 2024	20.28	21.21	21.36	20.24	0.671 times
30 Mon Sep 2024	21.37	20.78	21.66	20.56	1.315 times
27 Fri Sep 2024	20.51	20.60	20.86	20.15	2.311 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.1, but if it comes above 20.1, then a intra day buy could be more profitable.
If you take a sell trade below 20.1, then use 20.1 as stoploss and 19.1 as target. However if you take a buy trade in stock , then use 20.1 as stoploss and 20.91 as target.

Share price targets for Mercantil Bank (AMTB)

Target Type	Value
Downside Target	18.54
Downside Target	19.24
Upside Target	19.92
Upside Target	20.43
Upside Target	21.30
Upside Target	21.66
Upside Target	22.06
Upside Target	22.65
Upside Target	22.78
Upside Target	22.90
Upside Target	27.00

Intraday share price targets for Mercantil Bank (AMTB)

Target Type	Value
Downside Intraday Target	19.28
Downside Intraday Target	18.91
Upside Intraday Target	20.23
Upside Intraday Target	20.81
Upside Intraday Target	19.86

Weekly technical analysis of Mercantil Bank (AMTB)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	19.66	20.29	20.43	19.48	0.451 times
04 Fri Oct 2024	20.43	20.78	21.66	20.00	0.472 times
27 Fri Sep 2024	20.51	21.71	22.06	19.24	3.687 times
20 Fri Sep 2024	21.66	21.73	22.90	21.30	1.931 times
13 Fri Sep 2024	21.61	20.73	21.62	19.92	1.551 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 Mercantil Bank (AMTB)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	19.66	21.21	21.36	19.48	0.283 times
30 Mon Sep 2024	21.37	21.92	22.90	19.24	1.605 times
30 Fri Aug 2024	22.06	22.51	22.65	18.54	0.615 times
31 Wed Jul 2024	22.49	22.64	27.00	21.65	1.395 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 Mercantil Bank (AMTB)

Price action analysis of Mercantil Bank ( (AMTB) ) 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 Mercantil Bank ( (AMTB) ) 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 Mercantil Bank ( (AMTB) ) based on a mid to longer 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.

ADX buy sell signal for Mercantil Bank stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mercantil Bank in short term and the sell signal is strong.

Mercantil Bank 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 Mercantil Bank in short term and SELL signal is strong!

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 Mercantil Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.48 and Mercantil Bank (AMTB) 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 Mercantil Bank (AMTB) stock. Volume based technical analysis of Mercantil Bank (AMTB) stock is negative.

Mercantil Bank 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.