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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 2024-03-26 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 107546

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	401.00	415.00	419.95	399.00	0.491 times
22 Fri Mar 2024	413.50	408.10	435.90	407.25	2.572 times
21 Thu Mar 2024	406.05	404.95	416.50	400.70	0.748 times
20 Wed Mar 2024	401.05	393.80	440.00	391.80	1.15 times
19 Tue Mar 2024	391.80	397.05	409.70	389.80	0.567 times
18 Mon Mar 2024	401.00	399.90	412.95	391.05	0.768 times
15 Fri Mar 2024	399.90	402.50	407.00	384.00	0.721 times
14 Thu Mar 2024	400.45	363.80	434.20	363.80	1.223 times
13 Wed Mar 2024	369.35	408.65	410.95	355.45	1.177 times
12 Tue Mar 2024	404.65	443.90	444.70	401.00	0.748 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 396.4 as stoploss in an intra day buy trade for a target of 438.14. However, stock will show a bearish move below 396.4.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	389.80
Downside Target	399.00
Upside Target	419.95
Upside Target	440.00
Upside Target	450.00
Upside Target	470.05
Upside Target	504.95
Upside Target	530.20
Upside Target	552.00
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	393.35
Downside Intraday Target	385.7
Upside Intraday Target	414.3
Upside Intraday Target	427.6
Upside Intraday Target	406.65

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	401.00	415.00	419.95	399.00	0.085 times
22 Fri Mar 2024	413.50	399.90	440.00	389.80	1.384 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

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
26 Tue Mar 2024	401.00	491.50	507.00	355.45	1.686 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, 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

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

RSI is generating a SELL signal in short term but selling 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 400.48 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 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.