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(LEMERITE_SM) Le Merite complete technical analysis [charts+indicators] | Buy/Sell Le Merite | (LEMERITE_SM) share price targets

Complete technical analysis of Le Merite (LEMERITE_SM) by charts plus indicators, forecast predictions and share price targets for Le Merite (LEMERITE_SM)

10 day averaged volume of Le Merite is 72480

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	72.90	76.25	76.25	72.75	0.993 times
02 Thu May 2024	73.95	74.90	76.15	73.80	0.751 times
30 Tue Apr 2024	74.90	74.50	76.00	73.75	2.318 times
29 Mon Apr 2024	74.50	77.75	77.75	73.00	2.34 times
26 Fri Apr 2024	74.15	69.80	77.00	69.10	1.7 times
25 Thu Apr 2024	69.80	64.75	72.00	64.75	1.479 times
24 Wed Apr 2024	67.65	63.50	68.40	63.50	0.155 times
23 Tue Apr 2024	67.50	65.75	67.50	65.75	0.177 times
22 Mon Apr 2024	67.15	60.50	67.35	60.50	0.199 times
19 Fri Apr 2024	66.75	66.75	66.75	62.75	0.397 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 72.8, but if it comes below 72.8, then a intra day sell could be more profitable.
If you take a sell trade below 72.8, then use 72.8 as stoploss and 69.81 as target. However if you take a buy trade in stock , then use 72.8 as stoploss and 76.3 as target.

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	41.00
Downside Target	50.00
Downside Target	54.00
Downside Target	60.50
Downside Target	62.00
Downside Target	63.70
Downside Target	65.95
Downside Target	68.65
Downside Target	72.00
Downside Target	72.75
Upside Target	76.25
Upside Target	77.00
Upside Target	77.75

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	71.18
Downside Intraday Target	69.47
Upside Intraday Target	76.18
Upside Intraday Target	79.47
Upside Intraday Target	74.47

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	72.90	77.75	77.75	72.75	1.726 times
26 Fri Apr 2024	74.15	60.50	77.00	60.50	1.57 times
19 Fri Apr 2024	66.75	67.50	70.00	62.00	1.176 times
12 Fri Apr 2024	69.30	71.50	72.00	68.65	0.294 times
05 Fri Apr 2024	71.70	63.95	72.00	60.70	2.214 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Le Merite (LEMERITE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	72.90	74.90	76.25	72.75	0.089 times
30 Tue Apr 2024	74.90	63.95	77.75	60.50	0.637 times
28 Thu Mar 2024	61.60	59.85	65.95	54.00	1.17 times
29 Thu Feb 2024	56.50	52.35	63.70	50.00	2.123 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 Le Merite (LEMERITE_SM)

Price action analysis of Le Merite ( (LEMERITE_SM) ) 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 Le Merite ( (LEMERITE_SM) ) 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 Le Merite ( (LEMERITE_SM) ) 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 Le Merite ( (LEMERITE_SM) ) 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 Le Merite stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Le Merite in short term and the buy signal is strong.

Le Merite Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Le Merite in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Le Merite is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 73.03 and Le Merite (LEMERITE_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Le Merite (LEMERITE_SM) stock. Volume based technical analysis of Le Merite (LEMERITE_SM) stock is negative.

Le Merite Stock is giving positive 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.