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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 2024-11-18 View latest technical analysis

10 day averaged volume of Mangalam Global is 161732

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	22.78	23.39	23.45	22.33	0.523 times
14 Thu Nov 2024	23.04	24.03	26.10	21.80	4.15 times
13 Wed Nov 2024	23.69	23.75	24.95	22.69	2.197 times
12 Tue Nov 2024	23.77	24.08	24.39	23.60	0.374 times
11 Mon Nov 2024	24.08	24.45	24.50	24.01	0.261 times
08 Fri Nov 2024	24.14	24.62	24.93	24.01	0.497 times
07 Thu Nov 2024	24.62	24.61	25.00	24.47	0.394 times
06 Wed Nov 2024	24.71	25.49	25.49	24.50	0.477 times
05 Tue Nov 2024	24.96	25.40	25.61	24.72	0.525 times
04 Mon Nov 2024	24.90	24.56	25.33	24.51	0.436 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.3, but if it comes above 23.3, then a intra day buy could be more profitable.
If you take a sell trade below 23.3, then use 23.3 as stoploss and 22.1 as target. However if you take a buy trade in stock , then use 23.3 as stoploss and 24.38 as target.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	18.50
Downside Target	19.90
Downside Target	21.80
Downside Target	22.33
Upside Target	23.45
Upside Target	25.61
Upside Target	25.70
Upside Target	26.10
Upside Target	28.89
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	22.26
Downside Intraday Target	21.73
Upside Intraday Target	23.38
Upside Intraday Target	23.97
Upside Intraday Target	22.85

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	22.78	23.39	23.45	22.33	0.075 times
14 Thu Nov 2024	23.04	24.45	26.10	21.80	3 times
08 Fri Nov 2024	24.14	24.56	25.61	24.01	0.765 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

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
18 Mon Nov 2024	22.78	24.50	26.10	21.80	0.566 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 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 Mangalam Global (MGEL)

Price action analysis of Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) based on a short to mid 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Global 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 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 23.61 and Mangalam Global (MGEL) 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 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.