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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 2024-05-10 View latest technical analysis

10 day averaged volume of Le Merite is 106560

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	77.50	74.10	81.80	73.50	2.282 times
09 Thu May 2024	74.20	75.90	75.90	73.15	1.051 times
08 Wed May 2024	74.50	75.80	75.80	74.15	0.225 times
07 Tue May 2024	74.60	75.90	75.90	73.90	1.336 times
06 Mon May 2024	75.40	74.90	75.60	73.75	0.871 times
03 Fri May 2024	72.90	76.25	76.25	72.75	0.676 times
02 Thu May 2024	73.95	74.90	76.15	73.80	0.511 times
30 Tue Apr 2024	74.90	74.50	76.00	73.75	1.577 times
29 Mon Apr 2024	74.50	77.75	77.75	73.00	1.592 times
26 Fri Apr 2024	74.15	69.80	77.00	69.10	1.156 times

Stock of Le Merite (LEMERITE_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 75, but if it comes below 75, then a intra day sell could be more profitable.
If you take a sell trade below 75, then use 75 as stoploss and 71.32 as target. However if you take a buy trade in stock , then use 75 as stoploss and 79.4 as target.

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	41.00
Downside Target	50.00
Downside Target	54.00
Downside Target	60.50
Downside Target	62.00
Downside Target	63.70
Downside Target	65.95
Downside Target	68.65
Downside Target	72.00
Downside Target	77.00
Upside Target	77.75
Upside Target	81.80

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	73.17
Downside Intraday Target	68.83
Upside Intraday Target	81.82
Upside Intraday Target	86.13
Downside Intraday Target	77.48

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	77.50	74.90	81.80	73.15	1.324 times
03 Fri May 2024	72.90	77.75	77.75	72.75	1.726 times
26 Fri Apr 2024	74.15	60.50	77.00	60.50	1.57 times
19 Fri Apr 2024	66.75	67.50	70.00	62.00	1.176 times
12 Fri Apr 2024	69.30	71.50	72.00	68.65	0.294 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 Le Merite (LEMERITE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri May 2024	77.50	74.90	81.80	72.75	0.522 times
30 Tue Apr 2024	74.90	63.95	77.75	60.50	0.637 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 tired and bears are picking up momentum.

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

CCI has generated a buy signal for Le Merite in short term and BUY 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

Although the stock is in the BUY zone, but buying 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 75.06 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.