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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 2024-11-05 View latest technical analysis

10 day averaged volume of Mangalam Global is 266039

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	24.96	25.40	25.61	24.72	0.319 times
04 Mon Nov 2024	24.90	24.56	25.33	24.51	0.265 times
01 Fri Nov 2024	25.15	24.50	25.70	24.50	0.419 times
31 Thu Oct 2024	24.20	24.58	24.89	24.06	0.369 times
30 Wed Oct 2024	24.14	24.44	24.72	23.81	0.293 times
29 Tue Oct 2024	24.30	24.85	24.88	23.85	0.298 times
28 Mon Oct 2024	24.60	23.99	24.69	23.71	0.47 times
25 Fri Oct 2024	23.68	24.24	24.24	22.87	0.996 times
24 Thu Oct 2024	23.67	23.99	25.20	22.87	1.713 times
23 Wed Oct 2024	23.50	26.00	26.70	22.71	2.695 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 24.1 as stoploss in an intra day buy trade for a target of 26.21. However, stock will show a bearish move below 24.1.

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	25.61
Upside Target	25.70
Upside Target	27.57
Upside Target	28.89
Upside Target	30.43
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	24.44
Downside Intraday Target	23.93
Upside Intraday Target	25.54
Upside Intraday Target	26.13
Upside Intraday Target	25.03

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	24.96	24.56	25.61	24.51	0.316 times
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

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 Mangalam Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	24.96	24.50	25.70	24.50	0.089 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 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 gaining momentum.

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

Mangalam Global 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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.91 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.