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(MAGNUM_BE) Magnum Ventures complete technical analysis [charts+indicators] | Buy/Sell Magnum Ventures | (MAGNUM_BE) share price targets

Complete technical analysis of Magnum Ventures (MAGNUM_BE) by charts plus indicators, forecast predictions and share price targets for Magnum Ventures (MAGNUM_BE)

Showing technical analysis as on 2023-11-13 View latest technical analysis

10 day averaged volume of Magnum Ventures is 43514

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Nov 2023	48.20	49.00	50.85	47.90	1.101 times
12 Sun Nov 2023	49.70	48.75	51.00	48.75	1.638 times
10 Fri Nov 2023	51.30	49.80	52.00	49.80	0.885 times
09 Thu Nov 2023	49.85	50.85	51.80	49.05	0.482 times
08 Wed Nov 2023	50.25	50.40	52.00	48.95	0.812 times
07 Tue Nov 2023	50.40	51.90	52.25	49.30	0.749 times
06 Mon Nov 2023	49.85	52.30	52.30	49.10	1.189 times
03 Fri Nov 2023	50.25	50.25	51.90	48.70	0.834 times
02 Thu Nov 2023	49.70	48.50	50.25	47.50	1.069 times
01 Wed Nov 2023	48.35	48.05	51.00	47.40	0.992 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 47.8 as stoploss in an intra day buy trade for a target of 49.73. However, stock will show a bearish move below 47.8.

Share price targets for Magnum Ventures (MAGNUM_BE)

Target Type	Value
Downside Target	31.50
Downside Target	32.45
Downside Target	37.25
Downside Target	40.50
Downside Target	41.80
Downside Target	43.40
Downside Target	47.40
Upside Target	51.00
Upside Target	51.45
Upside Target	52.30
Upside Target	52.45
Upside Target	56.70

Intraday share price targets for Magnum Ventures (MAGNUM_BE)

Target Type	Value
Downside Intraday Target	47.07
Downside Intraday Target	45.93
Upside Intraday Target	50.17
Upside Intraday Target	52.13
Upside Intraday Target	49.03

Weekly technical analysis of Magnum Ventures (MAGNUM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Nov 2023	48.20	48.75	51.00	47.90	0.666 times
10 Fri Nov 2023	51.30	52.30	52.30	48.95	0.784 times
03 Fri Nov 2023	50.25	51.70	52.45	47.40	0.417 times
27 Fri Oct 2023	49.45	54.00	56.70	48.75	0.736 times
20 Fri Oct 2023	51.45	40.80	51.45	40.50	3.367 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 Magnum Ventures (MAGNUM_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Mon Nov 2023	48.20	48.05	52.30	47.40	0.251 times
31 Tue Oct 2023	49.15	40.85	56.70	37.75	1.217 times
29 Fri Sep 2023	39.85	40.00	41.80	37.25	1.25 times
31 Thu Aug 2023	40.15	33.75	43.40	32.45	0.984 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 Magnum Ventures (MAGNUM_BE)

Price action analysis of Magnum Ventures ( (MAGNUM_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Magnum Ventures ( (MAGNUM_BE) ) based on a short to mid 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 Magnum Ventures ( (MAGNUM_BE) ) 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 Magnum Ventures stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Magnum Ventures 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 coming down

CCI has generated a SELL signal for Magnum Ventures in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Magnum Ventures is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 49.71 and Magnum Ventures (MAGNUM_BE) 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 Magnum Ventures (MAGNUM_BE) stock. Volume based technical analysis of Magnum Ventures (MAGNUM_BE) stock is negative.

Magnum Ventures 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.