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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)

10 day averaged volume of Le Merite is 33120

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	69.80	64.75	72.00	64.75	3.237 times
24 Wed Apr 2024	67.65	63.50	68.40	63.50	0.338 times
23 Tue Apr 2024	67.50	65.75	67.50	65.75	0.386 times
22 Mon Apr 2024	67.15	60.50	67.35	60.50	0.435 times
19 Fri Apr 2024	66.75	66.75	66.75	62.75	0.87 times
18 Thu Apr 2024	65.75	65.15	68.20	65.15	1.063 times
16 Tue Apr 2024	65.10	69.30	69.30	62.00	1.594 times
15 Mon Apr 2024	69.50	67.50	70.00	65.50	1.643 times
12 Fri Apr 2024	69.30	71.45	71.45	68.65	0.676 times
10 Wed Apr 2024	71.20	69.00	71.60	69.00	1.884 times

Stock of Le Merite (LEMERITE_SM) has showed a significant upmove. This could be a good time to enter in this stock!

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 70.3 as stoploss in an intra day sell trade for a target of 67.2. However, stock will show a bullish move above 70.3.

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	40.55
Downside Target	47.75
Downside Target	50.00
Downside Target	54.00
Downside Target	59.40
Downside Target	62.00
Downside Target	65.95
Downside Target	68.65
Upside Target	70.00
Upside Target	72.00

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	62.87
Downside Intraday Target	55.93
Upside Intraday Target	74.37
Upside Intraday Target	78.93
Downside Intraday Target	67.43

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	69.80	60.50	72.00	60.50	0.85 times
19 Fri Apr 2024	66.75	67.50	70.00	62.00	1.176 times
12 Fri Apr 2024	69.30	71.50	72.00	68.65	0.294 times
05 Fri Apr 2024	71.70	63.95	72.00	60.70	2.214 times
28 Thu Mar 2024	61.60	62.50	62.50	59.40	0.551 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
25 Thu Apr 2024	69.80	63.95	72.00	60.50	0.43 times
28 Thu Mar 2024	61.60	59.85	65.95	54.00	1.17 times
29 Thu Feb 2024	56.50	52.35	63.70	50.00	2.123 times
31 Wed Jan 2024	50.95	44.35	54.00	41.00	3.791 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Le Merite in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 SELL signal in short term but selling 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 68.53 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.