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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 2024-08-26 View latest technical analysis

10 day averaged volume of Le Merite is 52480

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	199.00	198.00	202.75	197.00	1.067 times
23 Fri Aug 2024	199.40	203.00	203.00	197.50	0.61 times
22 Thu Aug 2024	200.00	193.50	200.35	193.50	0.915 times
21 Wed Aug 2024	199.80	200.00	202.00	197.00	0.915 times
20 Tue Aug 2024	199.75	204.00	204.00	197.50	1.555 times
19 Mon Aug 2024	200.25	204.50	204.50	198.50	1.494 times
16 Fri Aug 2024	199.20	200.50	203.50	197.30	1.86 times
14 Wed Aug 2024	199.65	194.90	200.00	191.75	1.22 times
13 Tue Aug 2024	194.00	195.00	195.00	191.00	0.427 times
12 Mon Aug 2024	194.45	195.30	198.50	193.00	0.64 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 199.4 as stoploss in an intra day sell trade for a target of 194.7. However, stock will show a bullish move above 199.4.

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	143.70
Downside Target	183.65
Downside Target	191.00
Downside Target	198.25
Upside Target	202.75
Upside Target	203.50
Upside Target	204.50

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	196.42
Downside Intraday Target	193.83
Upside Intraday Target	202.17
Upside Intraday Target	205.33
Upside Intraday Target	199.58

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	199.00	198.00	202.75	197.00	0.194 times
23 Fri Aug 2024	199.40	204.50	204.50	193.50	1.324 times
16 Fri Aug 2024	199.20	195.30	203.50	191.00	0.895 times
09 Fri Aug 2024	194.50	193.20	198.25	186.60	0.5 times
02 Fri Aug 2024	193.10	191.90	196.00	183.65	0.514 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
26 Mon Aug 2024	199.00	184.75	204.50	184.65	0.321 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Le Merite in short term but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling 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 199.1 and Le Merite (LEMERITE_SM) stock is trading below this level. This means that stock is falling with high volumes. 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.