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MERCATOR_BE NEWS why is Mercator Limited price falling or rising

MERCATOR_BE NEWS reasons for why stock price of Mercator Limited is falling or rising

MERCATOR_BE Mercator is falling or rising technical reasons

Technical analysis forecast for Mercator Stock is that its 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 Mercator MERCATOR_BE at this time. Stock is falling and might fall more.

It appears as if Mercator MERCATOR_BE gave a large move recently.

Stock of Mercator (MERCATOR_BE) 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, stock might keep falling and stock might move lower...

My analysis of Mercator is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mercator stays below 0.9, but if it comes above 0.9, then a intra day buy could be more profitable.
If you take a sell trade below 0.9, then use 0.9 as stoploss and 0.8 as target. However if you take a buy trade in Mercator, then use 0.9 as stoploss and 0.93 as target.

MERCATOR_BE Mercator is falling or rising NEWS fundamental reasons

More announcements and NEWS

MERCATOR_BE Mercator Limited current price & indicator signals

Moving Averages for Mercator Limited

  • 5Day Average: 0.88
  • 12Day Average: 0.9
  • 20Day Average: 0.94
  • 50Day Average: 1.02
  • 100Day Average: 1.08
  • 150Day Average: 1.15
  • 200Day Average: 1.25

MERCATOR_BE Indicators & signals

Indicator MACD (12,26,9)

0.91, 0.94, -0.01
Indicator MACD is in negative zone

Indicator ADX (14)

16.67, 41.67, 58.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MERCATOR_BE Mercator Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Mar 2023 0.85 0.80 to 0.90 0% 0.6 times
09 Thu Mar 2023 0.85 0.85 to 0.90 -5.56% 1.92 times
08 Wed Mar 2023 0.90 0.85 to 0.90 0% 1 times
06 Mon Mar 2023 0.90 0.85 to 0.90 0% 1.81 times
03 Fri Mar 2023 0.90 0.85 to 0.90 0% 0.92 times
02 Thu Mar 2023 0.90 0.85 to 0.90 0% 0.65 times
01 Wed Mar 2023 0.90 0.85 to 0.90 0% 0.57 times
28 Tue Feb 2023 0.90 0.85 to 0.90 0% 1.17 times
27 Mon Feb 2023 0.90 0.90 to 0.95 -5.26% 0.85 times
24 Fri Feb 2023 0.95 0.90 to 0.95 0% 0.72 times
23 Thu Feb 2023 0.95 0.90 to 1.00 0% 0.38 times
22 Wed Feb 2023 0.95 0.90 to 1.00 0% 1.67 times

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MERCATOR_BE NEWS why is Mercator Limited price falling or rising

 

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