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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 2024-02-12 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 23060

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	485.55	506.45	517.60	482.55	1.125 times
09 Fri Feb 2024	501.45	522.30	528.45	492.65	1.177 times
08 Thu Feb 2024	519.70	520.20	535.00	507.95	1.365 times
07 Wed Feb 2024	517.65	510.55	528.25	510.55	0.994 times
06 Tue Feb 2024	510.50	518.55	525.20	508.00	0.725 times
05 Mon Feb 2024	516.85	534.40	538.00	512.85	0.887 times
02 Fri Feb 2024	531.80	545.00	545.00	530.05	0.577 times
01 Thu Feb 2024	540.10	542.60	551.95	530.00	1.22 times
31 Wed Jan 2024	539.95	545.00	545.00	532.20	1.389 times
30 Tue Jan 2024	538.85	535.50	559.90	530.25	1.264 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 486.3, for a target of 514.5 or 537.89

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	482.55
Upside Target	492.65
Upside Target	517.60
Upside Target	530.00
Upside Target	551.40
Upside Target	570.30
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	472.87
Downside Intraday Target	460.18
Upside Intraday Target	507.92
Upside Intraday Target	530.28
Upside Intraday Target	495.23

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	485.55	506.45	517.60	482.55	0.219 times
09 Fri Feb 2024	501.45	534.40	538.00	492.65	1.061 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

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
12 Mon Feb 2024	485.55	542.60	551.95	482.55	0.443 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 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 Strong 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

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 520.92 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.