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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 2024-04-18 View latest technical analysis

10 day averaged volume of Le Merite is 50240

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	65.75	65.15	68.20	65.15	0.701 times
16 Tue Apr 2024	65.10	69.30	69.30	62.00	1.051 times
15 Mon Apr 2024	69.50	67.50	70.00	65.50	1.083 times
12 Fri Apr 2024	69.30	71.45	71.45	68.65	0.446 times
10 Wed Apr 2024	71.20	69.00	71.60	69.00	1.242 times
09 Tue Apr 2024	69.50	69.35	72.00	68.70	0.732 times
08 Mon Apr 2024	69.45	71.50	71.50	69.35	0.478 times
05 Fri Apr 2024	71.70	67.75	72.00	67.75	0.892 times
04 Thu Apr 2024	68.30	67.15	70.00	67.00	0.478 times
03 Wed Apr 2024	67.15	72.00	72.00	67.00	0.924 times

My analysis of stock is bearish for shortterm, and stock might move down till 62.4 or till 58.2. Use a stoploss of 65.97 and if the stock hits stoploss, then it can shoot up till 69.49

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	59.40
Downside Target	60.70
Upside Target	65.95
Upside Target	68.65
Upside Target	70.00
Upside Target	72.00

Intraday share price targets for Le Merite (LEMERITE_SM)

Target Type	Value
Downside Intraday Target	61.83
Downside Intraday Target	57.92
Upside Intraday Target	69.83
Upside Intraday Target	73.92
Upside Intraday Target	65.92

Weekly technical analysis of Le Merite (LEMERITE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	65.75	67.50	70.00	62.00	0.978 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
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

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 Le Merite (LEMERITE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	65.75	63.95	72.00	60.70	0.352 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

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 Le Merite in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 68.75 and Le Merite (LEMERITE_SM) 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 Le Merite (LEMERITE_SM) stock. Volume based technical analysis of Le Merite (LEMERITE_SM) stock is negative.

Le Merite 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.