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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 2024-02-05 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 20523

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	516.85	534.40	538.00	512.85	0.997 times
02 Fri Feb 2024	531.80	545.00	545.00	530.05	0.648 times
01 Thu Feb 2024	540.10	542.60	551.95	530.00	1.371 times
31 Wed Jan 2024	539.95	545.00	545.00	532.20	1.561 times
30 Tue Jan 2024	538.85	535.50	559.90	530.25	1.421 times
29 Mon Jan 2024	532.80	535.00	543.20	530.20	0.451 times
25 Thu Jan 2024	537.00	547.00	552.95	530.95	0.937 times
24 Wed Jan 2024	550.45	552.90	554.85	540.50	1.011 times
23 Tue Jan 2024	550.15	570.30	570.30	537.95	2.004 times
22 Mon Jan 2024	558.95	558.80	569.50	557.00	0.21 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 516.8, for a target of 536.7 or 553.2

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	512.85
Upside Target	530.00
Upside Target	551.40
Upside Target	570.30
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	507.13
Downside Intraday Target	497.42
Upside Intraday Target	532.28
Upside Intraday Target	547.72
Upside Intraday Target	522.57

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	516.85	534.40	538.00	512.85	0.183 times
02 Fri Feb 2024	531.80	535.00	559.90	530.00	1.31 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

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
05 Mon Feb 2024	516.85	542.60	551.95	512.85	0.147 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 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 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 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 SELL. 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.

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 SELL signal in short term and selling is picking up 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 539.89 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.