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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 2024-06-18 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 28853

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	470.55	480.00	480.85	467.05	0.441 times
14 Fri Jun 2024	479.35	476.95	482.20	471.75	0.416 times
13 Thu Jun 2024	475.55	482.00	487.75	471.25	0.465 times
12 Wed Jun 2024	479.50	482.10	486.80	476.25	0.463 times
11 Tue Jun 2024	482.10	484.95	489.00	476.35	0.369 times
10 Mon Jun 2024	475.20	495.00	510.00	472.20	1.085 times
07 Fri Jun 2024	489.95	480.25	508.40	470.65	1.672 times
06 Thu Jun 2024	483.85	475.00	488.90	460.90	2.029 times
05 Wed Jun 2024	465.05	453.00	469.90	443.15	1.505 times
04 Tue Jun 2024	451.95	499.00	499.00	428.00	0.873 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 471.8, but if it comes above 471.8, then a intra day buy could be more profitable.
If you take a sell trade below 471.8, then use 471.8 as stoploss and 446.3 as target. However if you take a buy trade in stock , then use 471.8 as stoploss and 492.97 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	355.45
Downside Target	385.80
Downside Target	428.00
Downside Target	467.05
Upside Target	507.00
Upside Target	519.90
Upside Target	545.00
Upside Target	545.45
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	464.78
Downside Intraday Target	459.02
Upside Intraday Target	478.58
Upside Intraday Target	486.62
Upside Intraday Target	472.82

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	470.55	480.00	480.85	467.05	0.158 times
14 Fri Jun 2024	479.35	495.00	510.00	471.25	0.389 times
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

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
18 Tue Jun 2024	470.55	505.00	519.90	428.00	0.762 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bulls 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 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 476.38 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.