(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 2024-05-23 View latest technical analysis
10 day averaged volume of Mercantil Bank is 70881
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 22.13 | 22.76 | 22.76 | 22.04 | 1.081 times |
| 22 Wed May 2024 | 22.70 | 22.86 | 22.95 | 22.56 | 0.954 times |
| 21 Tue May 2024 | 22.96 | 22.93 | 23.15 | 22.91 | 0.985 times |
| 20 Mon May 2024 | 23.02 | 23.30 | 23.36 | 23.02 | 1.206 times |
| 17 Fri May 2024 | 23.34 | 23.29 | 23.52 | 23.12 | 1.273 times |
| 16 Thu May 2024 | 23.20 | 23.12 | 23.43 | 23.09 | 1.237 times |
| 15 Wed May 2024 | 23.22 | 23.50 | 23.55 | 22.99 | 1.043 times |
| 14 Tue May 2024 | 23.21 | 23.23 | 23.33 | 23.00 | 0.736 times |
| 13 Mon May 2024 | 22.98 | 23.19 | 23.34 | 22.95 | 0.739 times |
| 10 Fri May 2024 | 22.98 | 23.22 | 23.22 | 22.79 | 0.875 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.2, but if it comes above 22.2, then a intra day buy could be more profitable.
If you take a sell trade below 22.2, then use 22.2 as stoploss and 21.5 as target. However if you take a buy trade in stock , then use 22.2 as stoploss and 22.67 as target.
Share price targets for Mercantil Bank (AMTB)
| Target Type | Value |
| Downside Target | 20.36 |
| Downside Target | 21.44 |
| Upside Target | 22.86 |
| Upside Target | 23.24 |
| Upside Target | 23.29 |
| Upside Target | 23.36 |
| Upside Target | 23.39 |
| Upside Target | 23.43 |
| Upside Target | 23.55 |
| Upside Target | 25.20 |
Intraday share price targets for Mercantil Bank (AMTB)
| Target Type | Value |
| Downside Intraday Target | 21.66 |
| Downside Intraday Target | 21.19 |
| Upside Intraday Target | 22.98 |
| Upside Intraday Target | 23.83 |
| Upside Intraday Target | 22.51 |
Weekly technical analysis of Mercantil Bank (AMTB)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 22.13 | 23.30 | 23.36 | 22.04 | 0.84 times |
| 17 Fri May 2024 | 23.34 | 23.19 | 23.55 | 22.95 | 0.959 times |
| 10 Fri May 2024 | 22.98 | 22.69 | 23.24 | 22.17 | 0.951 times |
| 03 Fri May 2024 | 22.61 | 21.65 | 23.04 | 21.49 | 0.742 times |
| 26 Fri Apr 2024 | 21.58 | 22.18 | 22.86 | 21.44 | 1.539 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 |
| 23 Thu May 2024 | 22.13 | 21.88 | 23.55 | 21.88 | 0.735 times |
| 30 Tue Apr 2024 | 21.66 | 23.39 | 23.39 | 20.64 | 1.06 times |
| 28 Thu Mar 2024 | 23.29 | 21.02 | 23.43 | 20.36 | 0.827 times |
| 29 Thu Feb 2024 | 21.19 | 22.67 | 23.29 | 20.97 | 0.997 times |
Scroll below to view daily charts
Price has moved up 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 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 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 neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Mercantil Bank in short term but the sell signal is initial and weak.
Mercantil Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantil Bank in short term and SELL 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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mercantil Bank is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.98 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Mercantil Bank in short term but the sell signal is initial and weak.
Mercantil Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mercantil Bank in short term and SELL 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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mercantil Bank is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.98 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.