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

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

Showing technical analysis as on 2025-01-29 View latest technical analysis

10 day averaged volume of Le Merite is 12320

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	311.30	308.70	314.40	305.30	2.403 times
28 Tue Jan 2025	307.70	303.50	312.00	303.00	1.429 times
27 Mon Jan 2025	305.00	308.00	309.00	303.00	1.948 times
24 Fri Jan 2025	308.40	304.50	308.40	304.50	0.519 times
23 Thu Jan 2025	303.80	300.50	305.00	298.00	1.494 times
22 Wed Jan 2025	296.30	300.00	300.00	293.10	0.909 times
21 Tue Jan 2025	294.30	298.00	298.00	292.05	0.39 times
20 Mon Jan 2025	296.90	297.00	297.00	292.35	0.519 times
17 Fri Jan 2025	294.50	298.00	298.00	286.50	1.039 times
16 Thu Jan 2025	291.25	292.00	293.45	288.50	0.909 times

Stock of Le Merite (LEMERITE_ST) 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 316.1, for a target of 302.7 or 291.52

Share price targets for Le Merite (LEMERITE_ST)

Target Type	Value
Downside Target	71.05
Downside Target	87.00
Downside Target	190.00
Downside Target	215.50
Downside Target	224.00
Downside Target	238.95
Downside Target	266.80
Downside Target	272.30
Downside Target	284.80
Downside Target	292.05
Downside Target	298.00
Downside Target	303.00
Downside Target	308.40
Upside Target	314.40

Intraday share price targets for Le Merite (LEMERITE_ST)

Target Type	Value
Downside Intraday Target	304.73
Downside Intraday Target	298.17
Upside Intraday Target	316.13
Upside Intraday Target	320.97
Downside Intraday Target	309.57

Weekly technical analysis of Le Merite (LEMERITE_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	311.30	308.00	314.40	303.00	1.508 times
24 Fri Jan 2025	308.40	297.00	308.40	292.05	0.312 times
17 Fri Jan 2025	294.50	276.00	298.00	275.00	0.542 times
10 Fri Jan 2025	279.45	282.00	284.80	266.80	3.635 times
03 Fri Jan 2025	281.40	280.00	285.00	272.30	0.331 times

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

Monthly technical analysis of Le Merite (LEMERITE_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	311.30	275.00	314.40	266.80	0.399 times
31 Tue Dec 2024	276.10	227.50	285.00	227.25	0.728 times
29 Fri Nov 2024	233.65	222.75	238.95	215.50	2.536 times
31 Thu Oct 2024	218.65	195.75	224.00	190.00	0.176 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_ST)

Price action analysis of Le Merite ( (LEMERITE_ST) ) 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_ST) ) 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_ST) ) 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 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 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 but buying is losing 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 303.21 and Le Merite (LEMERITE_ST) 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_ST) stock. Volume based technical analysis of Le Merite (LEMERITE_ST) 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.