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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 2024-06-27 View latest technical analysis

10 day averaged volume of Le Merite is 127680

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	138.15	142.50	142.50	137.00	0.489 times
26 Wed Jun 2024	138.25	140.85	140.90	137.15	0.514 times
25 Tue Jun 2024	139.65	139.75	139.75	136.20	0.789 times
24 Mon Jun 2024	137.95	143.70	143.70	136.75	0.702 times
21 Fri Jun 2024	139.75	133.00	141.80	131.75	1.516 times
20 Thu Jun 2024	131.50	132.40	134.90	129.95	0.752 times
19 Wed Jun 2024	128.75	128.50	129.95	124.60	0.89 times
18 Tue Jun 2024	124.10	122.00	125.00	119.00	2.143 times
14 Fri Jun 2024	116.95	114.40	118.85	109.25	1.378 times
13 Thu Jun 2024	109.85	114.80	115.00	108.00	0.602 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 133.1, but if it comes below 133.1, then a intra day sell could be more profitable.
If you take a sell trade below 133.1, then use 133.1 as stoploss and 112.07 as target. However if you take a buy trade in stock , then use 133.1 as stoploss and 158.4 as target.

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	77.75
Downside Target	79.40
Downside Target	89.00
Downside Target	98.65
Downside Target	118.85
Downside Target	136.20
Upside Target	141.80
Upside Target	143.70

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	135
Downside Intraday Target	131.85
Upside Intraday Target	142.5
Upside Intraday Target	146.85
Upside Intraday Target	139.35

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	138.15	143.70	143.70	136.20	0.47 times
21 Fri Jun 2024	139.75	122.00	141.80	119.00	0.946 times
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

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 Thu Jun 2024	138.15	87.00	143.70	79.90	1.161 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 129.33 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.