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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 2024-03-02 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 18770

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	490.90	507.00	507.00	485.00	0.313 times
01 Fri Mar 2024	490.00	491.50	494.90	479.60	0.996 times
29 Thu Feb 2024	486.70	501.00	501.00	475.00	1.539 times
28 Wed Feb 2024	497.25	497.95	501.25	490.00	0.769 times
27 Tue Feb 2024	491.60	501.40	510.25	485.00	0.702 times
26 Mon Feb 2024	500.65	516.90	516.90	498.00	0.795 times
23 Fri Feb 2024	509.60	529.00	546.00	505.35	1.218 times
22 Thu Feb 2024	529.00	544.20	558.55	526.15	0.592 times
21 Wed Feb 2024	544.20	558.30	561.00	540.55	0.882 times
20 Tue Feb 2024	558.20	556.10	565.00	545.00	1.442 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 493, but if it comes above 493, then a intra day buy could be more profitable.
If you take a sell trade below 493, then use 493 as stoploss and 467 as target. However if you take a buy trade in stock , then use 493 as stoploss and 514.63 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	530.00
Upside Target	552.00
Upside Target	565.00
Upside Target	582.00
Upside Target	618.85
Upside Target	624.55
Upside Target	644.95
Upside Target	689.55

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	471.63
Downside Intraday Target	452.37
Upside Intraday Target	513.53
Upside Intraday Target	536.17
Upside Intraday Target	494.27

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	490.90	516.90	516.90	475.00	0.983 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
02 Sat Mar 2024	490.90	491.50	507.00	479.60	0.033 times
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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Medicamen Biotech in short term but BUY signal is weak.

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 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 512.01 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.