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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 2024-05-31 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 9254

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	500.15	485.00	539.65	485.00	8.6 times
30 Thu May 2024	482.70	506.00	506.00	475.00	1.763 times
29 Wed May 2024	506.95	522.10	522.10	505.00	1.316 times
28 Tue May 2024	517.70	523.70	538.85	514.05	1.051 times
27 Mon May 2024	523.65	531.00	545.45	519.35	1.136 times
24 Fri May 2024	520.40	520.05	525.70	512.80	0.63 times
23 Thu May 2024	524.80	538.00	545.00	513.05	0.902 times
22 Wed May 2024	520.15	513.45	521.90	512.85	0.584 times
21 Tue May 2024	513.45	536.10	536.10	510.00	0.973 times
18 Sat May 2024	536.10	544.90	555.00	530.55	0.479 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, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 498.4 as stoploss in an intra day buy trade for a target of 513.35. However, stock will show a bearish move below 498.4.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	385.80
Downside Target	470.05
Downside Target	486.40
Upside Target	530.20
Upside Target	545.00
Upside Target	555.00
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	468.28
Downside Intraday Target	436.42
Upside Intraday Target	538.73
Upside Intraday Target	577.32
Upside Intraday Target	506.87

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	500.15	531.00	545.45	475.00	4.489 times
24 Fri May 2024	520.40	536.10	545.00	510.00	0.363 times
18 Sat May 2024	536.10	508.40	555.00	486.40	1.001 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

Price has moved down 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
31 Fri May 2024	500.15	550.00	585.00	475.00	0.32 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 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 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 mid to longer 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.

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.

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 green color and prices are in or below 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

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 505.9 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 positive

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