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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 2024-04-08 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 66868

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	435.85	448.05	454.65	432.00	0.123 times
05 Fri Apr 2024	447.50	437.85	453.95	422.55	0.437 times
04 Thu Apr 2024	431.55	423.20	435.50	421.20	0.256 times
03 Wed Apr 2024	420.95	407.90	425.00	407.60	0.393 times
02 Tue Apr 2024	405.85	398.75	409.90	398.75	0.204 times
01 Mon Apr 2024	398.70	385.80	407.70	385.80	0.611 times
28 Thu Mar 2024	383.90	384.50	399.70	383.00	0.773 times
27 Wed Mar 2024	382.60	397.60	409.95	376.60	1.198 times
26 Tue Mar 2024	401.00	415.00	419.95	399.00	0.789 times
22 Fri Mar 2024	413.50	408.10	435.90	407.25	4.136 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 434.5, but if it comes below 434.5, then a intra day sell could be more profitable.
If you take a sell trade below 434.5, then use 434.5 as stoploss and 410.48 as target. However if you take a buy trade in stock , then use 434.5 as stoploss and 463.3 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	376.60
Downside Target	385.80
Downside Target	419.95
Downside Target	432.00
Upside Target	453.95
Upside Target	470.05
Upside Target	507.00
Upside Target	530.20
Upside Target	552.00
Upside Target	582.00
Upside Target	618.85
Upside Target	644.95

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	427.02
Downside Intraday Target	418.18
Upside Intraday Target	449.67
Upside Intraday Target	463.48
Upside Intraday Target	440.83

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	435.85	448.05	454.65	432.00	0.065 times
05 Fri Apr 2024	447.50	385.80	453.95	385.80	0.689 times
28 Thu Mar 2024	383.90	415.00	419.95	376.60	0.296 times
22 Fri Mar 2024	413.50	399.90	440.00	389.80	1.384 times
15 Fri Mar 2024	399.90	464.40	472.40	355.45	4.827 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
08 Mon Apr 2024	435.85	385.80	454.65	385.80	0.098 times
28 Thu Mar 2024	383.90	491.50	507.00	355.45	1.864 times
29 Thu Feb 2024	486.70	542.60	582.00	470.05	1.76 times
31 Wed Jan 2024	539.95	609.15	618.85	530.20	0.752 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Medicamen Biotech ( (MEDICAMEQ) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 407.31 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 is giving positive 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.