Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-30 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 11046

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	482.70	506.00	506.00	475.00	1.477 times
29 Wed May 2024	506.95	522.10	522.10	505.00	1.102 times
28 Tue May 2024	517.70	523.70	538.85	514.05	0.881 times
27 Mon May 2024	523.65	531.00	545.45	519.35	0.952 times
24 Fri May 2024	520.40	520.05	525.70	512.80	0.528 times
23 Thu May 2024	524.80	538.00	545.00	513.05	0.756 times
22 Wed May 2024	520.15	513.45	521.90	512.85	0.489 times
21 Tue May 2024	513.45	536.10	536.10	510.00	0.815 times
18 Sat May 2024	536.10	544.90	555.00	530.55	0.402 times
17 Fri May 2024	529.50	520.00	544.95	510.50	0.976 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 480.7, for a target of 499.6 or 515.41

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	385.80
Downside Target	470.05
Upside Target	486.40
Upside Target	530.20
Upside Target	545.00
Upside Target	555.00
Upside Target	568.95
Upside Target	582.00
Upside Target	585.00
Upside Target	618.85
Upside Target	628.40

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	456.65
Downside Intraday Target	430.6
Upside Intraday Target	527.1
Upside Intraday Target	571.5
Upside Intraday Target	501.05

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	482.70	531.00	545.45	475.00	1.705 times
24 Fri May 2024	520.40	536.10	545.00	510.00	0.363 times
18 Sat May 2024	536.10	508.40	555.00	486.40	1.001 times
10 Fri May 2024	505.85	560.00	568.95	493.00	0.087 times
03 Fri May 2024	541.20	507.90	628.40	498.05	4.548 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu May 2024	482.70	550.00	585.00	475.00	0.256 times
30 Tue Apr 2024	579.60	385.80	628.40	385.80	0.897 times
28 Thu Mar 2024	383.90	491.50	507.00	355.45	1.864 times
29 Thu Feb 2024	486.70	542.60	582.00	470.05	1.76 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Medicamen Biotech ( (MEDICAMEQ) ) based on a short to mid 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 mid to longer 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.

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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 513.59 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.