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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 2024-09-26 View latest technical analysis

10 day averaged volume of Le Merite is 60000

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	188.25	195.00	196.50	188.25	0.427 times
25 Wed Sep 2024	198.15	210.00	210.00	198.15	1.28 times
24 Tue Sep 2024	208.55	212.50	212.50	206.15	0.8 times
23 Mon Sep 2024	206.90	207.50	208.40	206.00	0.853 times
20 Fri Sep 2024	207.65	209.50	209.50	205.15	0.667 times
19 Thu Sep 2024	206.55	207.65	207.70	205.25	0.667 times
18 Wed Sep 2024	206.20	209.20	209.20	205.25	0.747 times
17 Tue Sep 2024	207.25	210.00	210.50	205.75	1.413 times
16 Mon Sep 2024	208.25	209.00	213.75	205.00	1.493 times
13 Fri Sep 2024	207.40	208.50	208.50	206.00	1.04 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 193.4, for a target of 199.4 or 204.43

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
Upside Target	195.25
Upside Target	204.00
Upside Target	205.00
Upside Target	209.50
Upside Target	212.00
Upside Target	212.50
Upside Target	213.75

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	180.17
Downside Intraday Target	172.08
Upside Intraday Target	204.42
Upside Intraday Target	220.58
Upside Intraday Target	196.33

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	188.25	207.50	212.50	188.25	0.674 times
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

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 Thu Sep 2024	188.25	200.25	213.75	188.25	0.996 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 down 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 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 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 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 SELL. 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Le Merite in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 205.3 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.