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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 2024-06-14 View latest technical analysis

10 day averaged volume of Le Merite is 186720

Date	Daily Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	116.95	114.40	118.85	109.25	0.943 times
13 Thu Jun 2024	109.85	114.80	115.00	108.00	0.411 times
12 Wed Jun 2024	111.10	112.20	115.25	108.00	0.488 times
11 Tue Jun 2024	111.70	103.15	114.00	102.00	1.517 times
10 Mon Jun 2024	100.20	103.40	103.40	98.65	0.471 times
07 Fri Jun 2024	97.45	92.75	99.75	90.15	1.08 times
06 Thu Jun 2024	91.35	92.50	92.50	88.00	0.514 times
05 Wed Jun 2024	88.60	84.80	91.50	81.60	1.011 times
04 Tue Jun 2024	84.10	82.00	86.00	79.90	2.365 times
03 Mon Jun 2024	84.75	87.00	87.00	81.50	1.054 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 117, for a target of 103 or 91.3

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
Downside Target	98.65
Downside Target	99.75
Upside Target	118.85

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	104.12
Downside Intraday Target	91.28
Upside Intraday Target	124.32
Upside Intraday Target	131.68
Downside Intraday Target	111.48

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	116.95	103.40	118.85	98.65	0.636 times
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

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
14 Fri Jun 2024	116.95	87.00	118.85	79.90	0.754 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 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 97.05 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.