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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 2024-05-15 View latest technical analysis

10 day averaged volume of Le Merite is 117280

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	80.35	80.00	81.00	80.00	0.819 times
14 Tue May 2024	78.85	79.50	79.50	77.50	1.623 times
13 Mon May 2024	77.90	77.60	78.50	76.90	0.628 times
10 Fri May 2024	77.50	74.10	81.80	73.50	2.074 times
09 Thu May 2024	74.20	75.90	75.90	73.15	0.955 times
08 Wed May 2024	74.50	75.80	75.80	74.15	0.205 times
07 Tue May 2024	74.60	75.90	75.90	73.90	1.214 times
06 Mon May 2024	75.40	74.90	75.60	73.75	0.791 times
03 Fri May 2024	72.90	76.25	76.25	72.75	0.614 times
02 Thu May 2024	73.95	74.90	76.15	73.80	0.464 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 77.2, but if it comes below 77.2, then a intra day sell could be more profitable.
If you take a sell trade below 77.2, then use 77.2 as stoploss and 72.67 as target. However if you take a buy trade in stock , then use 77.2 as stoploss and 82.6 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	70.00
Downside Target	72.75
Downside Target	76.90
Downside Target	77.75
Upside Target	81.00
Upside Target	81.80

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	77.83
Downside Intraday Target	75.32
Upside Intraday Target	81.93
Upside Intraday Target	83.52
Downside Intraday Target	79.42

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	80.35	77.60	81.00	76.90	0.586 times
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

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
15 Wed May 2024	80.35	74.90	81.80	72.75	0.776 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 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 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 stronger in this stock.

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

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 76.58 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.