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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 2024-09-18 View latest technical analysis

10 day averaged volume of Mercantil Bank is 63570

Date Daily Closing Price Open High Low Volume
18 Wed Sep 2024 22.00 21.87 22.90 21.47 1.277 times
17 Tue Sep 2024 21.92 22.02 22.33 21.38 1.15 times
16 Mon Sep 2024 21.71 21.73 21.88 21.30 1.063 times
13 Fri Sep 2024 21.61 21.00 21.62 20.93 1.409 times
12 Thu Sep 2024 20.77 20.73 20.79 20.13 0.903 times
11 Wed Sep 2024 20.54 20.66 20.66 19.92 0.871 times
10 Tue Sep 2024 20.94 20.92 20.98 20.49 1.076 times
09 Mon Sep 2024 20.85 20.73 21.10 20.65 1.183 times
06 Fri Sep 2024 20.73 21.10 21.18 20.44 0.823 times
05 Thu Sep 2024 20.98 21.43 21.43 20.82 0.755 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.9, but if it comes below 21.9, then a intra day sell could be more profitable.
If you take a sell trade below 21.9, then use 21.9 as stoploss and 21.42 as target. However if you take a buy trade in stock , then use 21.9 as stoploss and 22.5 as target.

Share price targets for Mercantil Bank (AMTB)

Target Type Value
Downside Target 18.54
Downside Target 19.92
Downside Target 20.44
Upside Target 22.11
Upside Target 22.17
Upside Target 22.44
Upside Target 22.65
Upside Target 22.78
Upside Target 22.90
Upside Target 23.55
Upside Target 27.00

Intraday share price targets for Mercantil Bank (AMTB)

Target Type Value
Downside Intraday Target 21.23
Downside Intraday Target 20.47
Upside Intraday Target 22.83
Upside Intraday Target 23.67
Upside Intraday Target 22.07

Weekly technical analysis of Mercantil Bank (AMTB)

Date Weekly Closing Price Open High Low Volume
18 Wed Sep 2024 22.00 21.73 22.90 21.30 0.641 times
13 Fri Sep 2024 21.61 20.73 21.62 19.92 1.551 times
06 Fri Sep 2024 20.73 21.92 22.11 20.44 1.589 times
30 Fri Aug 2024 22.06 22.02 22.17 21.64 0.272 times
30 Fri Aug 2024 22.06 22.44 22.44 21.04 1.275 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 Mercantil Bank (AMTB)

Date Monthly Closing Price Open High Low Volume
18 Wed Sep 2024 22.00 21.92 22.90 19.92 0.302 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
28 Fri Jun 2024 22.70 22.35 22.78 20.71 1.865 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 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 Mercantil Bank ( (AMTB) ) based on a short 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 Mercantil Bank ( (AMTB) ) based on a short to mid 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 mid to longer 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.

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

MACD generated a BUY signal for Mercantil Bank in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantil Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Mercantil Bank in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 21.27 and Mercantil Bank (AMTB) 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 Mercantil Bank (AMTB) stock. Volume based technical analysis of Mercantil Bank (AMTB) stock is negative.

Mercantil Bank 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.

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

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

MACD generated a BUY signal for Mercantil Bank in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mercantil Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Mercantil Bank in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 21.27 and Mercantil Bank (AMTB) 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 Mercantil Bank (AMTB) stock. Volume based technical analysis of Mercantil Bank (AMTB) stock is negative.

Mercantil Bank 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.

Daily charts

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Daily chart
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