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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 2024-08-08 View latest technical analysis

10 day averaged volume of Le Merite is 98080

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	193.95	198.25	198.25	193.80	0.538 times
07 Wed Aug 2024	192.35	196.90	196.90	191.85	0.326 times
06 Tue Aug 2024	193.30	189.15	196.80	189.15	0.473 times
05 Mon Aug 2024	191.80	193.20	195.50	186.60	0.946 times
02 Fri Aug 2024	193.10	188.00	196.00	185.00	0.669 times
01 Thu Aug 2024	188.10	184.75	189.60	184.65	0.881 times
31 Wed Jul 2024	185.40	190.00	190.00	183.65	0.995 times
30 Tue Jul 2024	186.70	191.00	191.00	185.80	0.163 times
29 Mon Jul 2024	189.20	191.90	194.80	184.25	2.251 times
26 Fri Jul 2024	189.40	185.00	191.00	183.00	0.816 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 194.9 as stoploss in an intra day sell trade for a target of 177.15. However, stock will show a bullish move above 194.9.

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	60.50
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	149.80
Downside Target	152.95
Downside Target	158.90
Downside Target	183.65
Upside Target	196.00
Upside Target	197.50
Upside Target	198.25

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	187.62
Downside Intraday Target	181.28
Upside Intraday Target	199.27
Upside Intraday Target	204.58
Downside Intraday Target	192.93

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	193.95	193.20	198.25	186.60	0.461 times
02 Fri Aug 2024	193.10	191.90	196.00	183.65	0.514 times
26 Fri Jul 2024	189.40	158.30	197.50	155.25	2.446 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

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
08 Thu Aug 2024	193.95	184.75	198.25	184.65	0.126 times
31 Wed Jul 2024	185.40	144.00	197.50	135.00	1.01 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

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 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 tired and bears are picking up momentum.

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 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 189.89 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.