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

(MEDICO_BE) Medico Remedies complete technical analysis [charts+indicators] | Buy/Sell Medico Remedies | (MEDICO_BE) share price targets

Complete technical analysis of Medico Remedies (MEDICO_BE) by charts plus indicators, forecast predictions and share price targets for Medico Remedies (MEDICO_BE)

Showing technical analysis as on 2024-04-24 View latest technical analysis

10 day averaged volume of Medico Remedies is 340102

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	47.85	46.40	48.10	45.80	1.242 times
23 Tue Apr 2024	46.80	47.00	47.70	46.50	0.249 times
22 Mon Apr 2024	48.35	48.20	48.70	45.80	0.93 times
19 Fri Apr 2024	48.20	47.95	49.00	46.15	0.295 times
18 Thu Apr 2024	47.90	48.20	49.10	46.60	2.649 times
16 Tue Apr 2024	48.40	46.00	49.00	45.30	1.373 times
15 Mon Apr 2024	46.95	47.45	47.45	44.50	1.161 times
12 Fri Apr 2024	46.80	47.75	47.95	45.70	0.195 times
10 Wed Apr 2024	47.10	48.35	48.35	46.60	1.031 times
09 Tue Apr 2024	47.95	48.50	48.50	47.00	0.387 times

My analysis of stock is bearish for shortterm, and stock might move down till -11.4 or till -133.9. Use a stoploss of 90.71 and if the stock hits stoploss, then it can shoot up till 192.81

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	44.50
Downside Target	45.70
Downside Target	47.80
Upside Target	50.10
Upside Target	50.80
Upside Target	291.35
Upside Target	293.50
Upside Target	297.65
Upside Target	337.50
Upside Target	345.00
Upside Target	346.85

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	46.2
Downside Intraday Target	44.55
Upside Intraday Target	49.1
Upside Intraday Target	50.35
Downside Intraday Target	47.45

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	47.85	48.20	48.70	45.80	0.442 times
19 Fri Apr 2024	48.20	47.45	49.10	44.50	1.639 times
12 Fri Apr 2024	46.80	48.15	48.50	45.70	0.82 times
05 Fri Apr 2024	47.55	47.20	50.10	46.20	4.098 times
28 Thu Mar 2024	48.10	340.00	345.00	47.80	1.628 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 Medico Remedies (MEDICO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	47.85	47.20	50.10	44.50	19.709 times
28 Thu Mar 2024	48.10	50.80	50.80	47.80	0.402 times
27 Mon Feb 2023	340.10	320.90	345.00	297.65	0.903 times
31 Tue Jan 2023	317.00	331.25	346.85	293.50	0.838 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 Medico Remedies (MEDICO_BE)

Price action analysis of Medico Remedies ( (MEDICO_BE) ) 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 Medico Remedies ( (MEDICO_BE) ) 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 Medico Remedies ( (MEDICO_BE) ) 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 Medico Remedies ( (MEDICO_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Medico Remedies stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Medico Remedies 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.

Medico Remedies 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Medico Remedies in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Medico Remedies is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.77 and Medico Remedies (MEDICO_BE) 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 Medico Remedies (MEDICO_BE) stock. Volume based technical analysis of Medico Remedies (MEDICO_BE) stock is negative.

Medico Remedies 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.