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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 2024-01-15 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 15520

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	581.80	560.30	592.70	556.85	3.041 times
12 Fri Jan 2024	557.80	574.55	575.60	554.05	2.19 times
11 Thu Jan 2024	572.75	575.80	580.65	568.05	0.937 times
10 Wed Jan 2024	570.20	571.10	579.00	566.00	1.371 times
09 Tue Jan 2024	568.25	574.90	591.50	564.25	0.754 times
08 Mon Jan 2024	572.00	587.80	591.70	568.05	1.02 times
05 Fri Jan 2024	584.90	595.00	599.00	580.00	0.832 times
04 Thu Jan 2024	588.05	591.20	594.95	584.00	0.631 times
03 Wed Jan 2024	589.35	599.05	599.05	583.95	0.438 times
02 Tue Jan 2024	593.10	597.15	604.95	589.05	0.813 times

Stock of Medicamen Biotech (MEDICAMEQ) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 589.8 or till 605.7. Use a stoploss of 576.62 and if this stock hits its stoploss, then it can fall down till 563.41

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	552.00
Downside 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	561.53
Downside Intraday Target	541.27
Upside Intraday Target	597.38
Upside Intraday Target	612.97
Downside Intraday Target	577.12

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	581.80	560.30	592.70	556.85	0.485 times
12 Fri Jan 2024	557.80	587.80	591.70	554.05	1.682 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

Price has moved up 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
15 Mon Jan 2024	581.80	609.15	618.85	554.05	0.362 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Medicamen Biotech ( (MEDICAMEQ) ) based on a mid to longer 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.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Medicamen Biotech 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Medicamen Biotech 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

Although the stock is in the BUY zone, but buying 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 575.3 and Medicamen Biotech (MEDICAMEQ) 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 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.