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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)

Showing technical analysis as on 2024-04-01 View latest technical analysis

10 day averaged volume of Le Merite is 122720

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	65.40	63.95	66.35	60.70	2.008 times
28 Thu Mar 2024	61.60	61.00	62.30	60.50	0.404 times
27 Wed Mar 2024	60.50	61.40	62.30	60.10	0.704 times
26 Tue Mar 2024	61.40	62.50	62.50	59.40	0.717 times
22 Fri Mar 2024	62.60	63.25	63.25	62.50	0.795 times
21 Thu Mar 2024	63.85	61.80	64.00	61.80	0.3 times
20 Wed Mar 2024	62.55	63.60	63.60	61.35	0.665 times
19 Tue Mar 2024	62.05	64.35	64.35	61.10	0.391 times
18 Mon Mar 2024	63.15	64.45	65.95	62.00	1.16 times
15 Fri Mar 2024	63.45	59.90	64.45	55.00	2.868 times

Stock of Le Merite (LEMERITE_SM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 66.2, for a target of 63.1 or 60.52

Share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Target	40.55
Downside Target	47.75
Downside Target	50.00
Downside Target	54.00
Downside Target	55.55
Downside Target	59.40
Downside Target	60.70
Downside Target	63.70
Downside Target	64.45
Upside Target	65.95
Upside Target	66.35

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	61.95
Downside Intraday Target	58.5
Upside Intraday Target	67.6
Upside Intraday Target	69.8
Downside Intraday Target	64.15

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	65.40	63.95	66.35	60.70	1.1 times
28 Thu Mar 2024	61.60	62.50	62.50	59.40	0.551 times
22 Fri Mar 2024	62.60	64.45	65.95	61.10	0.364 times
15 Fri Mar 2024	63.45	58.00	64.45	54.00	2.81 times
07 Thu Mar 2024	60.05	58.80	61.30	55.55	1.865 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 Le Merite (LEMERITE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	65.40	63.95	66.35	60.70	0.111 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
31 Wed Jan 2024	50.95	44.35	54.00	41.00	3.791 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 Le Merite (LEMERITE_SM)

Price action analysis of Le Merite ( (LEMERITE_SM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Le Merite 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Le Merite in short term and BUY 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

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.21 and Le Merite (LEMERITE_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.