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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 2024-09-02 View latest technical analysis

10 day averaged volume of Le Merite is 64480

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	198.55	200.25	200.25	197.00	1.067 times
30 Fri Aug 2024	198.15	201.50	201.50	197.15	0.744 times
29 Thu Aug 2024	197.10	199.50	201.25	197.00	0.645 times
28 Wed Aug 2024	199.90	204.60	204.60	199.00	0.819 times
27 Tue Aug 2024	199.10	195.25	201.75	195.25	2.457 times
26 Mon Aug 2024	199.00	198.00	202.75	197.00	0.868 times
23 Fri Aug 2024	199.40	203.00	203.00	197.50	0.496 times
22 Thu Aug 2024	200.00	193.50	200.35	193.50	0.744 times
21 Wed Aug 2024	199.80	200.00	202.00	197.00	0.744 times
20 Tue Aug 2024	199.75	204.00	204.00	197.50	1.266 times

My analysis of stock is bullish for shortterm, and stock might move up till 200.1 or till 203.5. Use a stoploss of 197.21 and if this stock hits its stoploss, then it can fall down till 194.33

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	72.75
Downside Target	79.90
Downside Target	89.00
Downside Target	135.00
Downside Target	143.70
Downside Target	184.65
Downside Target	191.00
Upside Target	200.25
Upside Target	203.50
Upside Target	204.50
Upside Target	204.60

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	196.95
Downside Intraday Target	195.35
Upside Intraday Target	200.2
Upside Intraday Target	201.85
Upside Intraday Target	198.6

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	198.55	200.25	200.25	197.00	0.193 times
30 Fri Aug 2024	198.15	198.00	204.60	195.25	1.239 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

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
02 Mon Sep 2024	198.55	200.25	200.25	197.00	0.055 times
30 Fri Aug 2024	198.15	184.75	204.60	184.65	0.422 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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. Bears 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 and SELL 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 199.11 and Le Merite (LEMERITE_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.