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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 2024-05-27 View latest technical analysis

10 day averaged volume of Le Merite is 95520

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	82.10	82.15	84.00	79.40	2.178 times
24 Fri May 2024	82.15	82.00	82.95	81.35	1.34 times
23 Thu May 2024	82.00	84.40	84.55	82.00	0.503 times
22 Wed May 2024	83.90	81.75	84.85	81.00	1.223 times
21 Tue May 2024	81.85	84.25	84.25	81.05	0.519 times
18 Sat May 2024	81.85	82.00	84.00	81.50	0.268 times
17 Fri May 2024	81.60	84.50	84.50	81.00	0.637 times
16 Thu May 2024	82.55	80.40	84.85	79.30	1.742 times
15 Wed May 2024	80.35	80.00	81.00	80.00	1.005 times
14 Tue May 2024	78.85	79.50	79.50	77.50	1.993 times

Stock of Le Merite (LEMERITE_SM) has showed a significant fall. This could be a good time to exit from 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 82, but if it comes below 82, then a intra day sell could be more profitable.
If you take a sell trade below 82, then use 82 as stoploss and 78.38 as target. However if you take a buy trade in stock , then use 82 as stoploss and 86.3 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	63.70
Downside Target	65.95
Downside Target	72.75
Downside Target	76.90
Downside Target	79.40
Downside Target	81.00
Downside Target	81.80
Upside Target	84.00
Upside Target	84.85

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	79.67
Downside Intraday Target	77.23
Upside Intraday Target	84.27
Upside Intraday Target	86.43
Downside Intraday Target	81.83

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	82.10	82.15	84.00	79.40	0.607 times
24 Fri May 2024	82.15	84.25	84.85	81.00	0.559 times
18 Sat May 2024	81.85	77.60	84.85	76.90	0.997 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

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 Mon May 2024	82.10	74.90	84.85	72.75	1.342 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 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 Strong and stock is losing 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 above 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

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 81.6 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.