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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 2024-04-22 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 12731

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	413.65	419.05	423.20	407.00	0.807 times
19 Fri Apr 2024	417.20	418.95	424.00	408.05	0.665 times
18 Thu Apr 2024	414.90	420.00	427.95	412.05	1.079 times
16 Tue Apr 2024	417.85	417.40	422.00	415.00	0.482 times
15 Mon Apr 2024	415.85	425.00	426.20	408.95	1.053 times
12 Fri Apr 2024	428.85	438.40	438.40	424.70	0.744 times
10 Wed Apr 2024	436.10	439.35	439.35	429.05	0.945 times
09 Tue Apr 2024	430.65	444.50	444.50	426.60	0.741 times
08 Mon Apr 2024	435.85	448.05	454.65	432.00	0.647 times
05 Fri Apr 2024	447.50	437.85	453.95	422.55	2.297 times

My analysis of stock is bearish for shortterm, and stock might move down till 398.5 or till 378.6. Use a stoploss of 415.18 and if the stock hits stoploss, then it can shoot up till 431.82

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	376.60
Downside Target	385.80
Downside Target	407.00
Upside Target	419.95
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	406.03
Downside Intraday Target	398.42
Upside Intraday Target	422.23
Upside Intraday Target	430.82
Upside Intraday Target	414.62

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	413.65	419.05	423.20	407.00	0.246 times
19 Fri Apr 2024	417.20	425.00	427.95	408.05	1.066 times
12 Fri Apr 2024	428.85	448.05	454.65	424.70	0.308 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

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
22 Mon Apr 2024	413.65	385.80	454.65	385.80	0.158 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 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 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 SELL. Signal strength is Weak 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 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 429.01 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.