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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 2024-04-09 View latest technical analysis

10 day averaged volume of First Merchants is 200580

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	34.49	33.98	34.66	33.88	0.794 times
08 Mon Apr 2024	34.03	33.65	34.22	33.65	0.621 times
05 Fri Apr 2024	33.63	33.41	33.77	33.36	0.841 times
04 Thu Apr 2024	33.70	33.82	34.15	33.67	1.15 times
03 Wed Apr 2024	33.45	33.49	33.77	33.31	0.871 times
02 Tue Apr 2024	33.64	33.80	33.99	33.45	1.185 times
01 Mon Apr 2024	34.14	35.05	35.05	34.13	0.973 times
28 Thu Mar 2024	34.90	34.61	35.20	34.44	1.384 times
27 Wed Mar 2024	34.74	33.55	34.77	33.55	1.373 times
26 Tue Mar 2024	33.37	33.75	33.79	33.08	0.905 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.3, but if it comes below 34.3, then a intra day sell could be more profitable.
If you take a sell trade below 34.3, then use 34.3 as stoploss and 33.69 as target. However if you take a buy trade in stock , then use 34.3 as stoploss and 35.1 as target.

Share price targets for First Merchants (FRME)

Target Type	Value
Downside Target	30.59
Downside Target	32.16
Upside Target	34.66
Upside Target	34.78
Upside Target	35.05
Upside Target	35.19
Upside Target	35.20
Upside Target	35.51
Upside Target	37.85
Upside Target	38.16

Intraday share price targets for First Merchants (FRME)

Target Type	Value
Downside Intraday Target	33.87
Downside Intraday Target	33.26
Upside Intraday Target	34.88
Upside Intraday Target	35.28
Downside Intraday Target	34.27

Weekly technical analysis of First Merchants (FRME)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	34.49	33.65	34.66	33.65	0.282 times
05 Fri Apr 2024	33.63	35.05	35.05	33.31	1.151 times
28 Thu Mar 2024	34.90	33.63	35.20	33.08	0.778 times
22 Fri Mar 2024	33.53	32.71	34.69	32.40	0.546 times
15 Fri Mar 2024	32.78	34.53	34.78	32.46	0.812 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
09 Tue Apr 2024	34.49	35.05	35.05	33.31	0.19 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	1.138 times
31 Wed Jan 2024	33.81	36.64	37.85	33.68	0.891 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for First Merchants in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 34.07 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.