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(MEDICAMEQ) Medicamen Biotech complete technical analysis [charts+indicators] | Buy/Sell Medicamen Biotech | (MEDICAMEQ) share price targets

Complete technical analysis of Medicamen Biotech (MEDICAMEQ) by charts plus indicators, forecast predictions and share price targets for Medicamen Biotech (MEDICAMEQ)

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 52824

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	558.20	556.10	565.00	545.00	0.512 times
19 Mon Feb 2024	553.30	542.75	561.00	540.30	0.378 times
16 Fri Feb 2024	540.05	528.95	546.65	525.90	0.554 times
15 Thu Feb 2024	519.90	530.70	540.35	517.25	0.373 times
14 Wed Feb 2024	520.40	514.20	535.05	510.95	0.488 times
13 Tue Feb 2024	525.90	485.45	582.00	470.05	5.855 times
12 Mon Feb 2024	485.55	506.45	517.60	482.55	0.491 times
09 Fri Feb 2024	501.45	522.30	528.45	492.65	0.514 times
08 Thu Feb 2024	519.70	520.20	535.00	507.95	0.596 times
07 Wed Feb 2024	517.65	510.55	528.25	510.55	0.434 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 547.4, but if it comes below 547.4, then a intra day sell could be more profitable.
If you take a sell trade below 547.4, then use 547.4 as stoploss and 529.53 as target. However if you take a buy trade in stock , then use 547.4 as stoploss and 568.9 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	470.05
Downside Target	492.65
Downside Target	530.00
Downside Target	552.00
Upside Target	570.30
Upside Target	582.00
Upside Target	618.85
Upside Target	624.55
Upside Target	644.95
Upside Target	689.55
Upside Target	729.60

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	544
Downside Intraday Target	529.8
Upside Intraday Target	568.7
Upside Intraday Target	579.2
Downside Intraday Target	554.5

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	558.20	542.75	565.00	540.30	0.115 times
16 Fri Feb 2024	540.05	506.45	582.00	470.05	3.454 times
09 Fri Feb 2024	501.45	534.40	538.00	492.65	1.061 times
02 Fri Feb 2024	531.80	535.00	559.90	530.00	1.31 times
25 Thu Jan 2024	537.00	558.80	570.30	530.95	0.784 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 Medicamen Biotech (MEDICAMEQ)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	558.20	542.60	582.00	470.05	1.47 times
31 Wed Jan 2024	539.95	609.15	618.85	530.20	0.752 times
29 Fri Dec 2023	603.15	639.25	644.95	552.00	2.506 times
30 Thu Nov 2023	634.05	648.60	689.55	624.55	0.251 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 Medicamen Biotech (MEDICAMEQ)

Price action analysis of Medicamen Biotech ( (MEDICAMEQ) ) 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 Medicamen Biotech ( (MEDICAMEQ) ) based on a short to mid 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 Medicamen Biotech ( (MEDICAMEQ) ) based on a mid to longer 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.

ADX buy sell signal for Medicamen Biotech stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Medicamen Biotech in short term but the buy signal is initial and weak.

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

Medicamen Biotech 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Medicamen Biotech 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 Medicamen Biotech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 524.94 and Medicamen Biotech (MEDICAMEQ) 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 Medicamen Biotech (MEDICAMEQ) stock. Volume based technical analysis of Medicamen Biotech (MEDICAMEQ) stock is negative.

Medicamen Biotech Stock is giving positive 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.