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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 2024-06-07 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 29368

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	489.95	480.25	508.40	470.65	1.643 times
06 Thu Jun 2024	483.85	475.00	488.90	460.90	1.993 times
05 Wed Jun 2024	465.05	453.00	469.90	443.15	1.478 times
04 Tue Jun 2024	451.95	499.00	499.00	428.00	0.858 times
03 Mon Jun 2024	496.30	505.00	519.90	493.00	1.103 times
31 Fri May 2024	500.15	485.00	539.65	485.00	2.71 times
30 Thu May 2024	482.70	506.00	506.00	475.00	0.555 times
29 Wed May 2024	506.95	522.10	522.10	505.00	0.415 times
28 Tue May 2024	517.70	523.70	538.85	514.05	0.331 times
27 Mon May 2024	523.65	531.00	545.45	519.35	0.358 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 482 as stoploss in an intra day buy trade for a target of 503.49. However, stock will show a bearish move below 482.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	385.80
Downside Target	428.00
Downside Target	470.05
Downside Target	486.40
Upside Target	507.00
Upside Target	545.00
Upside Target	545.45
Upside Target	555.00
Upside Target	568.95
Upside Target	582.00
Upside Target	585.00
Upside Target	628.40

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	438.67
Downside Intraday Target	387.38
Upside Intraday Target	530.57
Upside Intraday Target	571.18
Downside Intraday Target	479.28

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	489.95	505.00	519.90	428.00	1.619 times
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

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
07 Fri Jun 2024	489.95	505.00	519.90	428.00	0.525 times
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

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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Medicamen Biotech in short term and the sell signal is strong.

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 in or above the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 487.97 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.