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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 2024-09-20 View latest technical analysis

10 day averaged volume of Le Merite is 72320

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	207.65	209.50	209.50	205.15	0.553 times
19 Thu Sep 2024	206.55	207.65	207.70	205.25	0.553 times
18 Wed Sep 2024	206.20	209.20	209.20	205.25	0.619 times
17 Tue Sep 2024	207.25	210.00	210.50	205.75	1.173 times
16 Mon Sep 2024	208.25	209.00	213.75	205.00	1.239 times
13 Fri Sep 2024	207.40	208.50	208.50	206.00	0.863 times
12 Thu Sep 2024	206.70	209.50	209.50	205.00	0.863 times
11 Wed Sep 2024	205.55	209.70	209.70	204.20	0.752 times
10 Tue Sep 2024	207.10	212.00	212.00	207.00	0.487 times
09 Mon Sep 2024	209.95	210.50	210.70	204.00	1.173 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 208 as stoploss in an intra day sell trade for a target of 204.09. However, stock will show a bullish move above 208.

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	193.50
Downside Target	204.00
Downside Target	204.60
Downside Target	205.00
Upside Target	209.50
Upside Target	212.00
Upside Target	213.75

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	203.85
Downside Intraday Target	200.05
Upside Intraday Target	212.6
Upside Intraday Target	217.55
Upside Intraday Target	208.8

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	207.65	209.00	213.75	205.00	1 times
13 Fri Sep 2024	207.40	210.50	212.00	204.00	0.661 times
06 Fri Sep 2024	206.65	200.25	209.50	197.00	1.269 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

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
20 Fri Sep 2024	207.65	200.25	213.75	197.00	0.836 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 neutral. A longer time frame might give a better analysis.

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. 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 buy signal for Le Merite in short term but BUY signal is weak.

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 207.48 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.