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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 2024-03-19 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 62724

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	391.80	397.05	409.70	389.80	0.972 times
18 Mon Mar 2024	401.00	399.90	412.95	391.05	1.317 times
15 Fri Mar 2024	399.90	402.50	407.00	384.00	1.236 times
14 Thu Mar 2024	400.45	363.80	434.20	363.80	2.096 times
13 Wed Mar 2024	369.35	408.65	410.95	355.45	2.019 times
12 Tue Mar 2024	404.65	443.90	444.70	401.00	1.282 times
11 Mon Mar 2024	442.45	464.40	472.40	440.35	0.56 times
07 Thu Mar 2024	471.45	452.65	480.90	452.65	0.452 times
06 Wed Mar 2024	458.20	465.05	474.05	450.00	0.533 times
05 Tue Mar 2024	466.95	478.50	486.30	464.50	0.26 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 412.1, but if it comes above 412.1, then a intra day buy could be more profitable.
If you take a sell trade below 412.1, then use 412.1 as stoploss and 353.1 as target. However if you take a buy trade in stock , then use 412.1 as stoploss and 461.23 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	389.80
Upside Target	412.95
Upside Target	450.00
Upside Target	470.05
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	383.42
Downside Intraday Target	375.03
Upside Intraday Target	406.57
Upside Intraday Target	421.33
Upside Intraday Target	398.18

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	391.80	399.90	412.95	389.80	0.318 times
15 Fri Mar 2024	399.90	464.40	472.40	355.45	4.827 times
07 Thu Mar 2024	471.45	504.95	504.95	450.00	0.974 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

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
19 Tue Mar 2024	391.80	491.50	507.00	355.45	0.964 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 403.98 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.