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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 2024-07-09 View latest technical analysis

10 day averaged volume of Le Merite is 97920

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	147.35	144.00	148.00	140.00	2.598 times
08 Mon Jul 2024	146.45	146.80	151.50	145.00	0.964 times
05 Fri Jul 2024	145.00	143.40	147.70	138.65	1.291 times
04 Thu Jul 2024	139.25	140.50	140.50	137.10	0.49 times
03 Wed Jul 2024	138.35	140.70	140.70	137.10	0.654 times
02 Tue Jul 2024	139.50	141.50	141.50	135.00	1.928 times
01 Mon Jul 2024	138.15	144.00	144.00	137.50	1.176 times
28 Fri Jun 2024	140.15	138.55	141.00	137.75	1.16 times
27 Thu Jun 2024	138.15	142.50	142.50	137.00	0.637 times
26 Wed Jun 2024	138.25	140.85	140.90	137.15	0.67 times

Stock of Le Merite (LEMERITE_SM) has showed a significant upmove. This could be a good time to enter in 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 144.7, but if it comes below 144.7, then a intra day sell could be more profitable.
If you take a sell trade below 144.7, then use 144.7 as stoploss and 133.1 as target. However if you take a buy trade in stock , then use 144.7 as stoploss and 158.7 as target.

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	54.00
Downside Target	60.50
Downside Target	65.95
Downside Target	72.75
Downside Target	77.75
Downside Target	79.90
Downside Target	89.00
Downside Target	98.65
Downside Target	118.85
Downside Target	135.00
Downside Target	140.00
Downside Target	143.70
Upside Target	147.70
Upside Target	151.50

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	141.07
Downside Intraday Target	134.78
Upside Intraday Target	152.57
Upside Intraday Target	157.78
Downside Intraday Target	146.28

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	147.35	146.80	151.50	140.00	0.643 times
05 Fri Jul 2024	145.00	144.00	147.70	135.00	1.256 times
28 Fri Jun 2024	140.15	143.70	143.70	136.20	0.638 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

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
09 Tue Jul 2024	147.35	144.00	151.50	135.00	0.302 times
28 Fri Jun 2024	140.15	87.00	143.70	79.90	1.208 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

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 losing momentum.

MACD generated a SELL signal for Le Merite in short term but the sell signal is initial and weak.

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 SELL signal for Le Merite in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 142.16 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.