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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 2024-06-03 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 16134

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	496.30	505.00	519.90	493.00	2.008 times
31 Fri May 2024	500.15	485.00	539.65	485.00	4.933 times
30 Thu May 2024	482.70	506.00	506.00	475.00	1.011 times
29 Wed May 2024	506.95	522.10	522.10	505.00	0.755 times
28 Tue May 2024	517.70	523.70	538.85	514.05	0.603 times
27 Mon May 2024	523.65	531.00	545.45	519.35	0.652 times
24 Fri May 2024	520.40	520.05	525.70	512.80	0.361 times
23 Thu May 2024	524.80	538.00	545.00	513.05	0.517 times
22 Wed May 2024	520.15	513.45	521.90	512.85	0.335 times
21 Tue May 2024	513.45	536.10	536.10	510.00	0.558 times

Stock of Medicamen Biotech (MEDICAMEQ) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 497.2, but if it comes above 497.2, then a intra day buy could be more profitable.
If you take a sell trade below 497.2, then use 497.2 as stoploss and 480.6 as target. However if you take a buy trade in stock , then use 497.2 as stoploss and 511.08 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	385.80
Downside Target	470.05
Downside Target	486.40
Upside Target	507.00
Upside Target	545.00
Upside Target	545.45
Upside Target	555.00
Upside Target	568.95
Upside Target	582.00
Upside Target	585.00
Upside Target	628.40

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	486.23
Downside Intraday Target	476.17
Upside Intraday Target	513.13
Upside Intraday Target	529.97
Upside Intraday Target	503.07

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	496.30	505.00	519.90	493.00	0.252 times
31 Fri May 2024	500.15	531.00	545.45	475.00	4.489 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

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
03 Mon Jun 2024	496.30	505.00	519.90	493.00	0.082 times
31 Fri May 2024	500.15	550.00	585.00	475.00	0.32 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

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 to mid 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 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 BUY. Signal strength is Strong 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 weakening, and bulls are picking up momentum!

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 BUY signal in short term and the buying is gaining 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 503.55 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.