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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 2024-08-08 View latest technical analysis

10 day averaged volume of Mercantil Bank is 207660

Date Daily Closing Price Open High Low Volume
08 Thu Aug 2024 19.71 19.34 19.73 19.34 0.431 times
07 Wed Aug 2024 19.05 19.56 19.78 18.95 0.581 times
06 Tue Aug 2024 19.26 19.15 19.51 18.54 1.139 times
05 Mon Aug 2024 18.97 19.15 19.45 18.58 1.089 times
02 Fri Aug 2024 20.02 20.83 20.83 19.98 0.821 times
01 Thu Aug 2024 21.18 22.51 22.65 21.07 0.815 times
31 Wed Jul 2024 22.49 22.29 23.16 22.03 1.042 times
30 Tue Jul 2024 22.34 21.87 22.60 21.87 0.783 times
29 Mon Jul 2024 21.85 22.30 22.56 21.65 0.972 times
26 Fri Jul 2024 22.49 23.74 23.96 21.97 1.278 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.5, but if it comes above 20.5, then a intra day buy could be more profitable.
If you take a sell trade below 20.5, then use 20.5 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 20.5 as stoploss and 23.23 as target.

Share price targets for Mercantil Bank (AMTB)

Target Type Value
Downside Target 18.54
Upside Target 19.78
Upside Target 20.64
Upside Target 21.38
Upside Target 22.65
Upside Target 23.39
Upside Target 23.55
Upside Target 24.49
Upside Target 24.58
Upside Target 26.99
Upside Target 27.00

Intraday share price targets for Mercantil Bank (AMTB)

Target Type Value
Downside Intraday Target 18.91
Downside Intraday Target 18.1
Upside Intraday Target 20.15
Upside Intraday Target 20.58
Downside Intraday Target 19.34

Weekly technical analysis of Mercantil Bank (AMTB)

Date Weekly Closing Price Open High Low Volume
08 Thu Aug 2024 19.71 19.15 19.78 18.54 0.731 times
02 Fri Aug 2024 20.02 22.30 23.16 19.98 0.778 times
26 Fri Jul 2024 22.49 25.80 27.00 21.97 0.88 times
19 Fri Jul 2024 25.80 24.70 26.99 24.49 2.078 times
12 Fri Jul 2024 24.32 22.29 24.58 22.12 3.676 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
08 Thu Aug 2024 19.71 22.51 22.65 18.54 0.238 times
31 Wed Jul 2024 22.49 22.64 27.00 21.65 1.395 times
28 Fri Jun 2024 22.70 22.35 22.78 20.71 1.865 times
31 Fri May 2024 22.04 21.88 23.55 21.38 0.963 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantil Bank in short term but BUY signal is weak.

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 Mercantil Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.86 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.

Price action analysis of Mercantil Bank ( (AMTB) ) 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mercantil Bank in short term but BUY signal is weak.

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 Mercantil Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.86 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.

Daily charts

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