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(LEMERITE_SM) Le Merite complete technical analysis [charts+indicators] | Buy/Sell Le Merite | (LEMERITE_SM) share price targets

Complete technical analysis of Le Merite (LEMERITE_SM) by charts plus indicators, forecast predictions and share price targets for Le Merite (LEMERITE_SM)

Showing technical analysis as on 2024-03-27 View latest technical analysis

10 day averaged volume of Le Merite is 158080

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	60.50	61.40	62.30	60.10	0.547 times
26 Tue Mar 2024	61.40	62.50	62.50	59.40	0.557 times
22 Fri Mar 2024	62.60	63.25	63.25	62.50	0.617 times
21 Thu Mar 2024	63.85	61.80	64.00	61.80	0.233 times
20 Wed Mar 2024	62.55	63.60	63.60	61.35	0.516 times
19 Tue Mar 2024	62.05	64.35	64.35	61.10	0.304 times
18 Mon Mar 2024	63.15	64.45	65.95	62.00	0.901 times
15 Fri Mar 2024	63.45	59.90	64.45	55.00	2.227 times
14 Thu Mar 2024	59.50	59.00	61.50	57.00	1.549 times
13 Wed Mar 2024	59.40	56.25	60.75	54.00	1.903 times

My analysis of stock is bullish for shortterm, and stock might move up till 62.3 or till 65.3. Use a stoploss of 59.87 and if this stock hits its stoploss, then it can fall down till 57.39

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	40.55
Downside Target	44.10
Downside Target	47.75
Downside Target	49.00
Downside Target	50.00
Downside Target	54.00
Downside Target	55.55
Downside Target	59.40
Upside Target	61.10
Upside Target	62.50
Upside Target	63.70
Upside Target	64.45
Upside Target	65.95

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	59.1
Downside Intraday Target	57.7
Upside Intraday Target	62.2
Upside Intraday Target	63.9
Upside Intraday Target	60.8

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	60.50	62.50	62.50	59.40	0.429 times
22 Fri Mar 2024	62.60	64.45	65.95	61.10	0.364 times
15 Fri Mar 2024	63.45	58.00	64.45	54.00	2.81 times
07 Thu Mar 2024	60.05	58.80	61.30	55.55	1.865 times
02 Sat Mar 2024	57.05	61.40	61.90	56.15	0.524 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 Le Merite (LEMERITE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	60.50	59.85	65.95	54.00	1.144 times
29 Thu Feb 2024	56.50	52.35	63.70	50.00	2.123 times
31 Wed Jan 2024	50.95	44.35	54.00	41.00	3.791 times
29 Fri Dec 2023	42.00	47.75	47.75	40.55	1.873 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 Le Merite (LEMERITE_SM)

Price action analysis of Le Merite ( (LEMERITE_SM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Le Merite ( (LEMERITE_SM) ) based on a short to mid 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 Le Merite ( (LEMERITE_SM) ) 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 Le Merite stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Le Merite in short term but the sell signal is initial and weak.

Le Merite Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 Le Merite in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Le Merite is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 61.51 and Le Merite (LEMERITE_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Le Merite (LEMERITE_SM) stock. Volume based technical analysis of Le Merite (LEMERITE_SM) stock is negative.

Le Merite 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.