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(MEDICAMEQ) Medicamen Biotech complete technical analysis [charts+indicators] | Buy/Sell Medicamen Biotech | (MEDICAMEQ) share price targets

Complete technical analysis of Medicamen Biotech (MEDICAMEQ) by charts plus indicators, forecast predictions and share price targets for Medicamen Biotech (MEDICAMEQ)

Showing technical analysis as on 2024-01-09 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 19074

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	568.25	574.90	591.50	564.25	0.613 times
08 Mon Jan 2024	572.00	587.80	591.70	568.05	0.83 times
05 Fri Jan 2024	584.90	595.00	599.00	580.00	0.677 times
04 Thu Jan 2024	588.05	591.20	594.95	584.00	0.513 times
03 Wed Jan 2024	589.35	599.05	599.05	583.95	0.357 times
02 Tue Jan 2024	593.10	597.15	604.95	589.05	0.661 times
01 Mon Jan 2024	591.25	609.15	618.85	590.00	0.825 times
29 Fri Dec 2023	603.15	584.90	608.95	577.00	2.168 times
28 Thu Dec 2023	583.25	582.35	594.90	576.20	1.136 times
27 Wed Dec 2023	582.35	585.10	589.90	571.20	1.071 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 565.8 as stoploss in an intra day buy trade for a target of 578.81. However, stock will show a bearish move below 565.8.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	552.00
Upside Target	580.00
Upside Target	591.70
Upside Target	618.85
Upside Target	624.55
Upside Target	644.95
Upside Target	646.10
Upside Target	689.55
Upside Target	729.60
Upside Target	745.55

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	557.77
Downside Intraday Target	547.28
Upside Intraday Target	585.22
Upside Intraday Target	602.18
Upside Intraday Target	574.73

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	568.25	587.80	591.70	564.25	0.476 times
05 Fri Jan 2024	584.90	609.15	618.85	580.00	0.494 times
29 Fri Dec 2023	603.15	564.20	608.95	553.50	0.941 times
22 Fri Dec 2023	555.90	591.20	599.00	552.00	0.609 times
15 Fri Dec 2023	583.65	607.65	618.20	565.15	1.958 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 Medicamen Biotech (MEDICAMEQ)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	568.25	609.15	618.85	564.25	0.153 times
29 Fri Dec 2023	603.15	639.25	644.95	552.00	2.506 times
30 Thu Nov 2023	634.05	648.60	689.55	624.55	0.251 times
31 Tue Oct 2023	647.70	656.90	729.60	560.25	4.417 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 Medicamen Biotech (MEDICAMEQ)

Price action analysis of Medicamen Biotech ( (MEDICAMEQ) ) 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 Medicamen Biotech ( (MEDICAMEQ) ) 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 Medicamen Biotech ( (MEDICAMEQ) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Medicamen Biotech stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Medicamen Biotech in short term but the buy signal is initial and weak.

Medicamen Biotech Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Medicamen Biotech in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Medicamen Biotech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 588.05 and Medicamen Biotech (MEDICAMEQ) 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 Medicamen Biotech (MEDICAMEQ) stock. Volume based technical analysis of Medicamen Biotech (MEDICAMEQ) stock is negative.

Medicamen Biotech Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.