Munafa technical analysis MERCANTILE 538942 technical analysis buy or sell

Munafa technical analysis MERCANTILE 538942 technical analysis buy or sell Analysis of MERCANTILE 538942 to buy or sell for Daily, weekly or monthly

Date Close Open High Low
28 Thu Mar 20.55 21.30 21.48 20.15
27 Wed Mar 21.16 21.50 21.84 20.24
26 Tue Mar 20.96 21.51 21.88 20.85
22 Fri Mar 21.23 21.88 21.88 20.80
21 Thu Mar 21.89 22.09 23.04 20.99

Stock of MERCANTILE closed at 20.55 and it opened at 21.30
It moved inside a range of 20.15 and 21.48

52 week High is 37.14 and 52 week Low is 15.00
Financial Year High is 20.55 and Low is 20.15
This year High is 37.14 and Low is 20.10

MERCANTILE 538942 Daily Analysis to buy or sell

As per my analysis of MERCANTILE 538942, 12 day returns for MERCANTILE 538942 have been negative, with total returns of -2.4, which is -10.46% with investment starting at 22.95.
An investment of 100,000 bucks in MERCANTILE would have become 89540 bucks today.

MERCANTILE 538942 moves in a range of 0.7 points on a day to day basis. This means that a total of approx 0.7 plus points of returns can be expected in a bullish day, and a total of 0.7 minus points can be expected in a bearish day.
This is about 3.41% of returns per day.

MERCANTILE Munafa analysis, looking for Trend and BUY or SELL opportunities.

 MERCANTILE Munafa analysis, looking for Trend and  BUY or SELL opportunities.

Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT MERCANTILE 538942 at this time.

It appears as if MERCANTILE 538942 gave a large move recently.

Stock of MERCANTILE (538942) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, and the stock might move lower...

My analysis of MERCANTILE is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if MERCANTILE stays below 21.2, but if it comes above 21.2, then a intra day buy could be more profitable.
If you take a sell trade below 21.2, then use 21.2 as stoploss and 19.7 as target. However if you take a buy trade in MERCANTILE, then use 21.2 as stoploss and 22.55 as target.

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of MERCANTILE 538942

 Daily Candle Stick analysis of MERCANTILE 538942

Candle stick analysis of MERCANTILE as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 6.6 HC: 4.5 LC: 2 OC: 0.9

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 27 Wed Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 7.9 HC: 3.2 LC: 4.6 OC: 1.6

MERCANTILE is moving towards a high expiry

Candle stick analysis of MERCANTILE as on 26 Tue Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 4.9 HC: 4.4 LC: 0.5 OC: 1.7

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 22 Fri Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 5.2 HC: 3.1 LC: 2.1 OC: 0

MERCANTILE is moving towards a low expiry

MERCANTILE is forming a DOJI candle

Candle stick analysis of MERCANTILE as on 21 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 9.8 HC: 5.3 LC: 4.3 OC: 4.3

MERCANTILE is moving towards a low expiry

MERCANTILE 538942 Weekly Analysis to buy or sell

As per my analysis of MERCANTILE 538942, 12 week returns for MERCANTILE 538942 have been negative, with total returns of -11.58, which is -36.04% with investment starting at 32.13.
An investment of 100,000 bucks in MERCANTILE would have become 63960 bucks today.

MERCANTILE 538942 moves in a range of 2.2 points on a week to week basis. This means that a total of approx 2.2 plus points of returns can be expected in a bullish week, and a total of 2.2 minus points can be expected in a bearish week.
This is about 10.71% of returns per week.

Weekly Candle Stick analysis of MERCANTILE 538942

 Weekly Candle Stick analysis of MERCANTILE 538942

Candle stick analysis of MERCANTILE as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 8.6 HC: 6.5 LC: 2 OC: 1.7

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 22 Fri Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 14.6 HC: 8.5 LC: 5.6 OC: 6.3

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 15 Fri Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 15 HC: 14.2 LC: 0.7 OC: 0

MERCANTILE is moving towards a low expiry

MERCANTILE is forming a DOJI candle

Candle stick analysis of MERCANTILE as on 07 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 14.3 HC: 8.3 LC: 5.5 OC: 0

MERCANTILE is moving towards a low expiry

MERCANTILE is forming a DOJI candle

Candle stick analysis of MERCANTILE as on 02 Sat Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 14.1 HC: 5.9 LC: 7.8 OC: 2.8

MERCANTILE is moving towards a high expiry

MERCANTILE 538942 Monthly Analysis to buy or sell

As per my analysis of MERCANTILE 538942, 12 month returns for MERCANTILE 538942 have been positive, with total returns of 2.95, which is 16.76% with investment starting at 17.60.
An investment of 100,000 bucks in MERCANTILE would have become 116760 bucks today.

MERCANTILE 538942 moves in a range of 2.1 points on a month to month basis. This means that a total of approx 2.1 plus points of returns can be expected in a bullish month, and a total of 2.1 minus points can be expected in a bearish month.
This is about 10.22% of returns per month.

Monthly Candle Stick analysis of MERCANTILE 538942

 Monthly Candle Stick analysis of MERCANTILE 538942

Candle stick analysis of MERCANTILE as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 31.7 HC: 28.9 LC: 2.2 OC: 2.8

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 23 Fri Feb 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 24.5 HC: 17.4 LC: 6 OC: 2.7

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 25 Thu Jan 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 65.7 HC: 30.3 LC: 27.2 OC: 57

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 29 Fri Dec 2023 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 25.5 HC: 16.4 LC: 7.8 OC: 25

MERCANTILE is moving towards a low expiry

Candle stick analysis of MERCANTILE as on 24 Fri Nov 2023 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MERCANTILE are:
HL: 13.5 HC: 5.7 LC: 7.4 OC: 7

MERCANTILE is moving towards a high expiry

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