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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 2024-09-04 View latest technical analysis

10 day averaged volume of Le Merite is 62880

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	203.80	206.50	206.50	199.75	1.73 times
03 Tue Sep 2024	202.95	197.75	203.50	197.75	1.196 times
02 Mon Sep 2024	198.55	200.25	200.25	197.00	1.094 times
30 Fri Aug 2024	198.15	201.50	201.50	197.15	0.763 times
29 Thu Aug 2024	197.10	199.50	201.25	197.00	0.662 times
28 Wed Aug 2024	199.90	204.60	204.60	199.00	0.84 times
27 Tue Aug 2024	199.10	195.25	201.75	195.25	2.519 times
26 Mon Aug 2024	199.00	198.00	202.75	197.00	0.891 times
23 Fri Aug 2024	199.40	203.00	203.00	197.50	0.509 times
22 Thu Aug 2024	200.00	193.50	200.35	193.50	0.763 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 204.8, for a target of 201.2 or 198.29

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
Downside Target	203.50
Upside Target	204.50
Upside Target	204.60
Upside Target	206.50

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	198.37
Downside Intraday Target	192.93
Upside Intraday Target	207.87
Upside Intraday Target	211.93
Downside Intraday Target	202.43

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	203.80	200.25	206.50	197.00	0.709 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
04 Wed Sep 2024	203.80	200.25	206.50	197.00	0.201 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 gaining 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 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 but buying is losing 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 200.15 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.