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(LEMERITE_ST) Le Merite complete technical analysis [charts+indicators] | Buy/Sell Le Merite | (LEMERITE_ST) share price targets

Complete technical analysis of Le Merite (LEMERITE_ST) by charts plus indicators, forecast predictions and share price targets for Le Merite (LEMERITE_ST)

Showing technical analysis as on 2025-01-20 View latest technical analysis

10 day averaged volume of Le Merite is 43040

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	296.90	297.00	297.00	292.35	0.149 times
17 Fri Jan 2025	294.50	298.00	298.00	286.50	0.297 times
16 Thu Jan 2025	291.25	292.00	293.45	288.50	0.26 times
15 Wed Jan 2025	293.55	294.00	295.95	290.00	0.242 times
14 Tue Jan 2025	290.50	283.75	291.00	276.50	1.487 times
13 Mon Jan 2025	277.40	276.00	280.00	275.00	1.227 times
10 Fri Jan 2025	279.45	281.75	282.00	274.50	0.632 times
09 Thu Jan 2025	281.55	280.90	284.80	266.80	1.264 times
08 Wed Jan 2025	280.85	284.60	284.60	275.00	1.022 times
07 Tue Jan 2025	279.80	280.75	280.95	274.60	3.383 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 297.1, for a target of 288.9 or 282.11

Share price targets for Le Merite (LEMERITE_ST)

Target Type	Value
Downside Target	71.05
Downside Target	87.00
Downside Target	190.00
Downside Target	215.50
Downside Target	224.00
Downside Target	238.95
Downside Target	266.80
Downside Target	281.00
Downside Target	285.00
Downside Target	292.35
Upside Target	297.00
Upside Target	298.00

Intraday share price targets for Le Merite (LEMERITE_ST)

Target Type	Value
Downside Intraday Target	293.83
Downside Intraday Target	290.77
Upside Intraday Target	298.48
Upside Intraday Target	300.07
Downside Intraday Target	295.42

Weekly technical analysis of Le Merite (LEMERITE_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	296.90	297.00	297.00	292.35	0.042 times
17 Fri Jan 2025	294.50	276.00	298.00	275.00	0.542 times
10 Fri Jan 2025	279.45	282.00	284.80	266.80	3.635 times
03 Fri Jan 2025	281.40	280.00	285.00	272.30	0.331 times
27 Fri Dec 2024	278.50	279.50	281.00	271.75	1.388 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_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	296.90	275.00	298.00	266.80	0.324 times
31 Tue Dec 2024	276.10	227.50	285.00	227.25	0.728 times
29 Fri Nov 2024	233.65	222.75	238.95	215.50	2.536 times
31 Thu Oct 2024	218.65	195.75	224.00	190.00	0.176 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_ST)

Price action analysis of Le Merite ( (LEMERITE_ST) ) based on a short 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_ST) ) 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_ST) ) 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.

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

Le Merite Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 282.74 and Le Merite (LEMERITE_ST) 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_ST) stock. Volume based technical analysis of Le Merite (LEMERITE_ST) 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.