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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 2024-06-07 View latest technical analysis

10 day averaged volume of Le Merite is 179680

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	97.45	92.75	99.75	90.15	1.122 times
06 Thu Jun 2024	91.35	92.50	92.50	88.00	0.534 times
05 Wed Jun 2024	88.60	84.80	91.50	81.60	1.051 times
04 Tue Jun 2024	84.10	82.00	86.00	79.90	2.458 times
03 Mon Jun 2024	84.75	87.00	87.00	81.50	1.095 times
31 Fri May 2024	84.55	81.05	86.45	81.00	1.131 times
30 Thu May 2024	82.60	85.50	85.50	82.00	0.597 times
29 Wed May 2024	84.00	86.50	86.50	82.90	0.534 times
28 Tue May 2024	85.00	80.65	89.00	80.50	0.73 times
27 Mon May 2024	82.10	82.15	84.00	79.40	1.158 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 93.3, for a target of 88.2 or 83.88

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
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	84.85
Downside Target	89.00
Upside Target	99.75

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	84.98
Downside Intraday Target	72.52
Upside Intraday Target	104.83
Upside Intraday Target	112.22
Downside Intraday Target	92.37

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	97.45	87.00	99.75	79.90	1.509 times
31 Fri May 2024	84.55	82.15	89.00	79.40	2.178 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Le Merite (LEMERITE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	97.45	87.00	99.75	79.90	0.461 times
31 Fri May 2024	84.55	74.90	89.00	72.75	1.72 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

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 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 86.23 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.