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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 2024-02-14 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 52744

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	520.40	514.20	535.05	510.95	0.489 times
13 Tue Feb 2024	525.90	485.45	582.00	470.05	5.864 times
12 Mon Feb 2024	485.55	506.45	517.60	482.55	0.492 times
09 Fri Feb 2024	501.45	522.30	528.45	492.65	0.515 times
08 Thu Feb 2024	519.70	520.20	535.00	507.95	0.597 times
07 Wed Feb 2024	517.65	510.55	528.25	510.55	0.434 times
06 Tue Feb 2024	510.50	518.55	525.20	508.00	0.317 times
05 Mon Feb 2024	516.85	534.40	538.00	512.85	0.388 times
02 Fri Feb 2024	531.80	545.00	545.00	530.05	0.252 times
01 Thu Feb 2024	540.10	542.60	551.95	530.00	0.534 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 512.7 as stoploss in an intra day buy trade for a target of 532.7. However, stock will show a bearish move below 512.7.

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	466.3
Downside Intraday Target	412.2
Upside Intraday Target	578.25
Upside Intraday Target	636.1
Upside Intraday Target	524.15

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	520.40	506.45	582.00	470.05	3.041 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
14 Wed Feb 2024	520.40	542.60	582.00	470.05	1.241 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Medicamen Biotech in short term but SELL signal is weak.

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 521.68 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.