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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 2024-02-29 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 18908

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	486.70	501.00	501.00	475.00	1.527 times
28 Wed Feb 2024	497.25	497.95	501.25	490.00	0.763 times
27 Tue Feb 2024	491.60	501.40	510.25	485.00	0.697 times
26 Mon Feb 2024	500.65	516.90	516.90	498.00	0.789 times
23 Fri Feb 2024	509.60	529.00	546.00	505.35	1.209 times
22 Thu Feb 2024	529.00	544.20	558.55	526.15	0.588 times
21 Wed Feb 2024	544.20	558.30	561.00	540.55	0.876 times
20 Tue Feb 2024	558.20	556.10	565.00	545.00	1.432 times
19 Mon Feb 2024	553.30	542.75	561.00	540.30	1.057 times
16 Fri Feb 2024	540.05	528.95	546.65	525.90	1.547 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 497.7, but if it comes above 497.7, then a intra day buy could be more profitable.
If you take a sell trade below 497.7, then use 497.7 as stoploss and 473.2 as target. However if you take a buy trade in stock , then use 497.7 as stoploss and 518.01 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	470.05
Upside Target	492.65
Upside Target	505.35
Upside Target	516.90
Upside Target	530.00
Upside Target	552.00
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	468.83
Downside Intraday Target	450.97
Upside Intraday Target	510.73
Upside Intraday Target	534.77
Upside Intraday Target	492.87

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	486.70	516.90	516.90	475.00	0.732 times
23 Fri Feb 2024	509.60	542.75	565.00	505.35	0.238 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

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 Medicamen Biotech (MEDICAMEQ)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	486.70	542.60	582.00	470.05	1.76 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 down this month, and volume has increased substantially. This means that the move can 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 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 Medicamen Biotech ( (MEDICAMEQ) ) 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Medicamen Biotech in short term and the sell signal is strong.

Medicamen Biotech 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Medicamen Biotech 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 positive zone. This is a BUY zone

Stock of Medicamen Biotech is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 523.01 and Medicamen Biotech (MEDICAMEQ) 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 Medicamen Biotech (MEDICAMEQ) stock. Volume based technical analysis of Medicamen Biotech (MEDICAMEQ) stock is negative.

Medicamen Biotech 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.