FIRST MERCHANTS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FRME
ISIN:

FIRST MERCHANTS - Daily - Technical analysis published on 08/07/2019 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 37.42 USD

My targets

35.51 USD (-3.16%)

32.52 USD (-11.32%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FIRST MERCHANTS as long as the price remains well below 37.42 USD. The sellers” bearish objective is set at 35.51 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 32.52 USD. In case of crossing, the next objective would be the support located at 27.61 USD.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FIRST MERCHANTS rating is 36.67 USD. The price registered a decrease of -0.30% on the session and was between 35.56 USD and 37.22 USD. This implies that the price is at +3.12% from its lowest and at -1.48% from its highest.

35.56

37.22

36.67

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FIRST MERCHANTS:

Abnormal volumes on FIRST MERCHANTS were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of FIRST MERCHANTS indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	27.61	32.52	35.51	36.67	37.42	38.21	39.44
Change (%)	-24.71%	-11.32%	-3.16%	-	+2.05%	+4.20%	+7.55%
Change	-9.06	-4.15	-1.16	-	+0.75	+1.54	+2.77
Level	Major	Major	Major	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.12	35.61	36.19	36.68	37.26	37.75	38.33
Camarilla	36.49	36.58	36.68	36.78	36.88	36.98	37.07
Woodie	35.18	35.63	36.25	36.70	37.32	37.77	38.39
Fibonacci	35.61	36.02	36.27	36.68	37.09	37.34	37.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.85	35.56	36.73	38.44	39.61	41.32	42.49
Camarilla	37.10	37.36	37.63	37.89	38.15	38.42	38.68
Woodie	33.57	35.43	36.45	38.31	39.33	41.19	42.21
Fibonacci	35.56	36.66	37.34	38.44	39.54	40.22	41.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.60	35.70	37.56	38.66	40.52	41.62	43.48
Camarilla	38.60	38.87	39.14	39.41	39.68	39.95	40.22
Woodie	34.97	35.89	37.93	38.85	40.89	41.81	43.85
Fibonacci	35.70	36.83	37.53	38.66	39.79	40.49	41.62

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.44
MACD (12,26,9):	0.1900
Directional Movement:	-6.44
AROON (14):	-21.43
DEMA (21):	38.05
Parabolic SAR (0,02-0,02-0,2):	40.00
Elder Ray (13):	-1.39
Super Trend (3,10):	36.56
Zig ZAG (10):	36.67
VORTEX (21):	0.8800
Stochastique (14,3,5):	24.44
TEMA (21):	37.92
Williams %R (14):	-75.89
Chande Momentum Oscillator (20):	-0.87
Repulse (5,40,3):	-0.3000
ROCnROLL:	2
TRIX (15,9):	0.1500
Courbe Coppock:	2.36

MA7:	38.05
MA20:	37.78
MA50:	36.71
MA100:	37.03
MAexp7:	37.66
MAexp20:	37.70
MAexp50:	37.29
MAexp100:	37.45
Price / MA7:	-3.63%
Price / MA20:	-2.94%
Price / MA50:	-0.11%
Price / MA100:	-0.97%
Price / MAexp7:	-2.63%
Price / MAexp20:	-2.73%
Price / MAexp50:	-1.66%
Price / MAexp100:	-2.08%

News

The latest news and videos published on FIRST MERCHANTS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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