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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 2024-02-01 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 20176

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	540.10	542.60	551.95	530.00	1.395 times
31 Wed Jan 2024	539.95	545.00	545.00	532.20	1.588 times
30 Tue Jan 2024	538.85	535.50	559.90	530.25	1.445 times
29 Mon Jan 2024	532.80	535.00	543.20	530.20	0.459 times
25 Thu Jan 2024	537.00	547.00	552.95	530.95	0.953 times
24 Wed Jan 2024	550.45	552.90	554.85	540.50	1.028 times
23 Tue Jan 2024	550.15	570.30	570.30	537.95	2.038 times
22 Mon Jan 2024	558.95	558.80	569.50	557.00	0.214 times
19 Fri Jan 2024	557.75	563.50	570.30	555.00	0.393 times
18 Thu Jan 2024	560.65	560.20	565.05	551.40	0.746 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 543.4, but if it comes above 543.4, then a intra day buy could be more profitable.
If you take a sell trade below 543.4, then use 543.4 as stoploss and 524.1 as target. However if you take a buy trade in stock , then use 543.4 as stoploss and 559.41 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	530.00
Upside Target	551.40
Upside Target	580.00
Upside Target	591.70
Upside Target	592.70
Upside Target	618.85
Upside Target	624.55
Upside Target	644.95
Upside Target	689.55
Upside Target	729.60

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	526.77
Downside Intraday Target	513.43
Upside Intraday Target	556.67
Upside Intraday Target	573.23
Upside Intraday Target	543.33

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	540.10	535.00	559.90	530.00	1.154 times
25 Thu Jan 2024	537.00	558.80	570.30	530.95	0.784 times
19 Fri Jan 2024	557.75	560.30	592.70	551.40	1.119 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

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
01 Thu Feb 2024	540.10	542.60	551.95	530.00	0.067 times
31 Wed Jan 2024	539.95	609.15	618.85	530.20	0.752 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

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 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 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 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 gaining momentum.

MACD generated a SELL signal for Medicamen Biotech in short term and the sell signal is strong.

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 below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Medicamen Biotech is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 544.88 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.