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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 2024-12-16 View latest technical analysis

10 day averaged volume of Mangalam Global is 112548

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	23.34	23.75	23.91	23.00	0.678 times
13 Fri Dec 2024	23.39	24.00	24.00	23.31	0.894 times
12 Thu Dec 2024	23.89	23.90	24.05	22.42	2.159 times
11 Wed Dec 2024	23.49	23.88	24.00	23.20	0.813 times
10 Tue Dec 2024	23.64	24.39	24.39	23.50	0.546 times
09 Mon Dec 2024	23.93	24.39	24.39	23.86	0.353 times
06 Fri Dec 2024	24.11	23.77	25.00	23.39	1.939 times
05 Thu Dec 2024	23.77	24.04	24.44	23.70	0.693 times
04 Wed Dec 2024	24.04	23.91	24.85	23.91	0.739 times
03 Tue Dec 2024	23.91	24.00	24.75	23.77	0.814 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.6 or till 21.7. Use a stoploss of 23.39 and if the stock hits stoploss, then it can shoot up till 24.14

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	18.50
Downside Target	20.25
Downside Target	21.28
Downside Target	21.75
Downside Target	22.42
Upside Target	24.39
Upside Target	24.70
Upside Target	25.00
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	22.92
Downside Intraday Target	22.51
Upside Intraday Target	23.83
Upside Intraday Target	24.33
Upside Intraday Target	23.42

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	23.34	23.75	23.91	23.00	0.142 times
13 Fri Dec 2024	23.39	24.39	24.39	22.42	0.911 times
06 Fri Dec 2024	24.11	24.69	25.00	23.39	0.927 times
29 Fri Nov 2024	24.23	22.00	24.70	21.75	0.676 times
22 Fri Nov 2024	21.62	23.39	23.75	21.28	0.831 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
16 Mon Dec 2024	23.34	24.69	25.00	22.42	0.377 times
29 Fri Nov 2024	24.23	24.50	26.10	21.28	1.062 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

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 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 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 Strong 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 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 red color and prices are in or above 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 positive zone. This is a BUY 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 23.81 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.