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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 2023-11-17 View latest technical analysis

10 day averaged volume of Magnum Ventures is 58085

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Nov 2023	46.60	45.00	46.60	44.65	1.138 times
16 Thu Nov 2023	44.40	43.55	46.50	43.55	2.603 times
15 Wed Nov 2023	45.80	47.70	49.70	45.80	1.637 times
13 Mon Nov 2023	48.20	49.00	50.85	47.90	0.825 times
12 Sun Nov 2023	49.70	48.75	51.00	48.75	1.227 times
10 Fri Nov 2023	51.30	49.80	52.00	49.80	0.663 times
09 Thu Nov 2023	49.85	50.85	51.80	49.05	0.361 times
08 Wed Nov 2023	50.25	50.40	52.00	48.95	0.608 times
07 Tue Nov 2023	50.40	51.90	52.25	49.30	0.561 times
06 Mon Nov 2023	49.85	52.30	52.30	49.10	0.891 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.5, but if it comes above 47.5, then a intra day buy could be more profitable.
If you take a sell trade below 47.5, then use 47.5 as stoploss and 45 as target. However if you take a buy trade in stock , then use 47.5 as stoploss and 49.56 as target.

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
Upside Target	47.40
Upside Target	48.75
Upside Target	51.00
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	43.1
Downside Intraday Target	39.6
Upside Intraday Target	50.55
Upside Intraday Target	54.5
Upside Intraday Target	47.05

Weekly technical analysis of Magnum Ventures (MAGNUM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Nov 2023	46.60	48.75	51.00	43.55	2.41 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magnum Ventures (MAGNUM_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri Nov 2023	46.60	48.05	52.30	43.55	0.436 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 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Magnum Ventures in short term but BUY signal is weak.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.52 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.