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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 2024-07-12 View latest technical analysis

10 day averaged volume of Le Merite is 127840

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	150.50	147.20	152.95	145.75	1.126 times
11 Thu Jul 2024	146.45	144.85	147.90	144.85	0.526 times
10 Wed Jul 2024	146.50	145.80	148.50	144.50	1.615 times
09 Tue Jul 2024	147.35	144.00	148.00	140.00	1.99 times
08 Mon Jul 2024	146.45	146.80	151.50	145.00	0.738 times
05 Fri Jul 2024	145.00	143.40	147.70	138.65	0.989 times
04 Thu Jul 2024	139.25	140.50	140.50	137.10	0.375 times
03 Wed Jul 2024	138.35	140.70	140.70	137.10	0.501 times
02 Tue Jul 2024	139.50	141.50	141.50	135.00	1.477 times
01 Mon Jul 2024	138.15	144.00	144.00	137.50	0.901 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 146.6, but if it comes below 146.6, then a intra day sell could be more profitable.
If you take a sell trade below 146.6, then use 146.6 as stoploss and 138.64 as target. However if you take a buy trade in stock , then use 146.6 as stoploss and 156.2 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
Downside Target	147.70
Upside Target	152.95

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	142.68
Downside Intraday Target	134.87
Upside Intraday Target	155.63
Upside Intraday Target	160.77
Downside Intraday Target	147.82

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	150.50	146.80	152.95	140.00	1.413 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
12 Fri Jul 2024	150.50	144.00	152.95	135.00	0.444 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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

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 144.55 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.