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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 2024-07-23 View latest technical analysis

10 day averaged volume of Le Merite is 130720

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	182.20	172.75	182.20	167.10	1.64 times
22 Mon Jul 2024	165.65	158.30	166.50	155.25	1.175 times
19 Fri Jul 2024	156.95	154.25	158.90	150.60	0.955 times
18 Thu Jul 2024	150.65	156.00	156.00	149.80	0.71 times
16 Tue Jul 2024	152.70	153.00	154.40	151.00	0.404 times
15 Mon Jul 2024	153.20	151.00	157.40	151.00	0.894 times
12 Fri Jul 2024	150.50	147.20	152.95	145.75	1.102 times
11 Thu Jul 2024	146.45	144.85	147.90	144.85	0.514 times
10 Wed Jul 2024	146.50	145.80	148.50	144.50	1.579 times
09 Tue Jul 2024	147.35	144.00	148.00	140.00	1.946 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 171.3, for a target of 158.5 or 147.75

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	135.00
Downside Target	140.00
Downside Target	143.70
Downside Target	147.70
Downside Target	152.95
Downside Target	155.25
Downside Target	158.90
Downside Target	182.20

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	164.23
Downside Intraday Target	146.27
Upside Intraday Target	191.18
Upside Intraday Target	200.17
Downside Intraday Target	173.22

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	182.20	158.30	182.20	155.25	0.95 times
19 Fri Jul 2024	156.95	151.00	158.90	149.80	0.505 times
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

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
23 Tue Jul 2024	182.20	144.00	182.20	135.00	0.7 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 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

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 156.44 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.