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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 2024-05-16 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 18918

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	521.80	491.90	535.00	491.90	1.81 times
15 Wed May 2024	494.45	496.80	505.80	492.05	0.707 times
14 Tue May 2024	496.40	489.60	504.95	489.60	0.397 times
13 Mon May 2024	494.55	508.40	515.80	486.40	0.449 times
10 Fri May 2024	505.85	499.00	512.95	495.15	0.453 times
09 Thu May 2024	499.85	521.00	534.95	493.00	1.118 times
08 Wed May 2024	519.50	525.80	530.00	512.80	0.466 times
07 Tue May 2024	517.25	550.00	554.15	511.20	1.042 times
06 Mon May 2024	541.85	560.00	568.95	519.00	1.082 times
03 Fri May 2024	541.20	559.05	569.70	532.40	1.094 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 547.3 as stoploss in an intra day sell trade for a target of 493.58. However, stock will show a bullish move above 547.3.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	385.80
Downside Target	407.00
Downside Target	427.95
Downside Target	470.05
Downside Target	486.40
Upside Target	530.20
Upside Target	568.95
Upside Target	582.00
Upside Target	585.00
Upside Target	618.85
Upside Target	628.40

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	493.8
Downside Intraday Target	465.8
Upside Intraday Target	542.4
Upside Intraday Target	563
Downside Intraday Target	514.4

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	521.80	508.40	535.00	486.40	0.808 times
10 Fri May 2024	505.85	560.00	568.95	493.00	0.087 times
03 Fri May 2024	541.20	507.90	628.40	498.05	4.548 times
26 Fri Apr 2024	485.85	419.05	495.40	407.00	4.785 times
19 Fri Apr 2024	417.20	425.00	427.95	408.05	1.066 times

Price has moved up 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
16 Thu May 2024	521.80	550.00	585.00	486.40	0.181 times
30 Tue Apr 2024	579.60	385.80	628.40	385.80	0.897 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

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 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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Medicamen Biotech in short term but the sell 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 517.59 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.