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(MGEL) Mangalam Global complete technical analysis [charts+indicators] | Buy/Sell Mangalam Global | (MGEL) share price targets

Complete technical analysis of Mangalam Global (MGEL) by charts plus indicators, forecast predictions and share price targets for Mangalam Global (MGEL)

Showing technical analysis as on 2024-11-01 View latest technical analysis

10 day averaged volume of Mangalam Global is 460474

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	25.15	24.50	25.70	24.50	0.242 times
31 Thu Oct 2024	24.20	24.58	24.89	24.06	0.213 times
30 Wed Oct 2024	24.14	24.44	24.72	23.81	0.169 times
29 Tue Oct 2024	24.30	24.85	24.88	23.85	0.172 times
28 Mon Oct 2024	24.60	23.99	24.69	23.71	0.272 times
25 Fri Oct 2024	23.68	24.24	24.24	22.87	0.576 times
24 Thu Oct 2024	23.67	23.99	25.20	22.87	0.99 times
23 Wed Oct 2024	23.50	26.00	26.70	22.71	1.557 times
22 Tue Oct 2024	26.08	27.89	28.80	25.71	1.433 times
21 Mon Oct 2024	27.67	27.45	28.89	26.52	1.147 times

My analysis of stock is bearish for shortterm, and stock might move down till 23.8 or till 21.1. Use a stoploss of 26.13 and if the stock hits stoploss, then it can shoot up till 28.42

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	18.50
Downside Target	19.90
Downside Target	22.71
Downside Target	23.71
Upside Target	25.70
Upside Target	27.57
Upside Target	28.89
Upside Target	29.30
Upside Target	30.43
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	24.01
Downside Intraday Target	22.86
Upside Intraday Target	26
Upside Intraday Target	26.84
Downside Intraday Target	24.85

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	25.15	23.99	25.70	23.71	0.187 times
25 Fri Oct 2024	23.68	27.45	28.89	22.71	1.313 times
16 Tue Jul 2024	29.14	29.02	30.43	27.57	0.233 times
12 Fri Jul 2024	29.02	28.50	32.00	24.15	0.399 times
05 Fri Jul 2024	27.03	22.70	29.30	20.25	2.811 times

Price has moved up 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 Mangalam Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	25.15	24.50	25.70	24.50	0.037 times
31 Thu Oct 2024	24.20	27.45	28.89	22.71	0.094 times
16 Tue Jul 2024	29.14	22.70	32.00	20.25	1.951 times
28 Fri Jun 2024	22.36	20.40	22.75	18.50	2.855 times

Scroll below to view daily charts

Price has moved up 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 Mangalam Global (MGEL)

Price action analysis of Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) 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 Mangalam Global stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mangalam Global in short term but the sell signal is initial and weak.

Mangalam Global 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 moving up

CCI has generated a buy signal for Mangalam Global in short term and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mangalam Global is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24.95 and Mangalam Global (MGEL) 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 Mangalam Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.

Mangalam Global 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.