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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 2024-04-08 View latest technical analysis

10 day averaged volume of Le Merite is 85440

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	69.45	71.50	71.50	69.35	0.281 times
05 Fri Apr 2024	71.70	67.75	72.00	67.75	0.524 times
04 Thu Apr 2024	68.30	67.15	70.00	67.00	0.281 times
03 Wed Apr 2024	67.15	72.00	72.00	67.00	0.543 times
02 Tue Apr 2024	69.30	65.40	71.40	65.40	1.573 times
01 Mon Apr 2024	65.40	63.95	66.35	60.70	2.884 times
28 Thu Mar 2024	61.60	61.00	62.30	60.50	0.581 times
27 Wed Mar 2024	60.50	61.40	62.30	60.10	1.011 times
26 Tue Mar 2024	61.40	62.50	62.50	59.40	1.03 times
22 Fri Mar 2024	62.60	63.25	63.25	62.50	1.142 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 67.4, but if it comes below 67.4, then a intra day sell could be more profitable.
If you take a sell trade below 67.4, then use 67.4 as stoploss and 63.17 as target. However if you take a buy trade in stock , then use 67.4 as stoploss and 72.4 as target.

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	40.55
Downside Target	47.75
Downside Target	50.00
Downside Target	54.00
Downside Target	59.40
Downside Target	60.70
Downside Target	62.50
Downside Target	65.95
Downside Target	69.35
Upside Target	71.50
Upside Target	72.00

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	68.7
Downside Intraday Target	67.95
Upside Intraday Target	70.85
Upside Intraday Target	72.25
Upside Intraday Target	70.1

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	69.45	71.50	71.50	69.35	0.048 times
05 Fri Apr 2024	71.70	63.95	72.00	60.70	2.214 times
28 Thu Mar 2024	61.60	62.50	62.50	59.40	0.551 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

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
08 Mon Apr 2024	69.45	63.95	72.00	60.70	0.233 times
28 Thu Mar 2024	61.60	59.85	65.95	54.00	1.17 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

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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Le Merite in short term and the buy signal is strong.

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

Le Merite Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Le Merite in short term but SELL signal is weak.

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 Le Merite is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 65.18 and Le Merite (LEMERITE_SM) 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 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.