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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 2024-03-04 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 17358

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	478.50	504.95	504.95	476.50	0.886 times
02 Sat Mar 2024	490.90	507.00	507.00	485.00	0.338 times
01 Fri Mar 2024	490.00	491.50	494.90	479.60	1.077 times
29 Thu Feb 2024	486.70	501.00	501.00	475.00	1.664 times
28 Wed Feb 2024	497.25	497.95	501.25	490.00	0.831 times
27 Tue Feb 2024	491.60	501.40	510.25	485.00	0.759 times
26 Mon Feb 2024	500.65	516.90	516.90	498.00	0.859 times
23 Fri Feb 2024	509.60	529.00	546.00	505.35	1.317 times
22 Thu Feb 2024	529.00	544.20	558.55	526.15	0.641 times
21 Wed Feb 2024	544.20	558.30	561.00	540.55	0.954 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 490, but if it comes above 490, then a intra day buy could be more profitable.
If you take a sell trade below 490, then use 490 as stoploss and 462.3 as target. However if you take a buy trade in stock , then use 490 as stoploss and 513.03 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	470.05
Upside Target	492.65
Upside Target	504.95
Upside Target	530.20
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	468.35
Downside Intraday Target	458.2
Upside Intraday Target	496.8
Upside Intraday Target	515.1
Upside Intraday Target	486.65

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	478.50	504.95	504.95	476.50	0.16 times
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

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
04 Mon Mar 2024	478.50	491.50	507.00	476.50	0.054 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 down 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 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 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 501.1 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.