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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 2024-02-13 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 24729

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	525.90	485.45	582.00	470.05	12.508 times
12 Mon Feb 2024	485.55	506.45	517.60	482.55	1.049 times
09 Fri Feb 2024	501.45	522.30	528.45	492.65	1.097 times
08 Thu Feb 2024	519.70	520.20	535.00	507.95	1.273 times
07 Wed Feb 2024	517.65	510.55	528.25	510.55	0.927 times
06 Tue Feb 2024	510.50	518.55	525.20	508.00	0.676 times
05 Mon Feb 2024	516.85	534.40	538.00	512.85	0.827 times
02 Fri Feb 2024	531.80	545.00	545.00	530.05	0.538 times
01 Thu Feb 2024	540.10	542.60	551.95	530.00	1.138 times
31 Wed Jan 2024	539.95	545.00	545.00	532.20	1.295 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 bearish for shortterm, and stock might move down till 513.8 or till 488.3. Use a stoploss of 535.1 and if the stock hits stoploss, then it can shoot up till 556.36

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	470.05
Downside Target	492.65
Upside Target	530.00
Upside Target	551.40
Upside Target	582.00
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	469.97
Downside Intraday Target	414.03
Upside Intraday Target	581.92
Upside Intraday Target	637.93
Upside Intraday Target	525.98

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	525.90	506.45	582.00	470.05	2.824 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	525.90	542.60	582.00	470.05	1.18 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 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 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 Strong and stock is losing 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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 522.85 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.