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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 2024-08-14 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 21568

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	385.85	375.05	389.50	375.05	1.061 times
13 Tue Aug 2024	388.30	407.70	420.85	380.00	1.51 times
12 Mon Aug 2024	405.60	406.40	422.50	400.80	1.105 times
09 Fri Aug 2024	404.60	409.60	419.45	401.05	0.893 times
08 Thu Aug 2024	407.50	410.80	412.95	400.40	0.921 times
07 Wed Aug 2024	409.25	406.00	412.50	399.35	0.781 times
06 Tue Aug 2024	402.00	406.00	418.80	400.00	0.848 times
05 Mon Aug 2024	402.65	427.50	427.50	401.00	1.466 times
02 Fri Aug 2024	427.60	435.45	440.90	425.00	0.81 times
01 Thu Aug 2024	432.40	435.00	441.95	428.20	0.792 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 403.6, but if it comes above 403.6, then a intra day buy could be more profitable.
If you take a sell trade below 403.6, then use 403.6 as stoploss and 373.8 as target. However if you take a buy trade in stock , then use 403.6 as stoploss and 428.45 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	375.05
Downside Target	385.80
Upside Target	399.35
Upside Target	422.50
Upside Target	441.95
Upside Target	468.00
Upside Target	475.00
Upside Target	491.50
Upside Target	519.90
Upside Target	535.00
Upside Target	585.00
Upside Target	628.40

Intraday share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Intraday Target	366.43
Downside Intraday Target	347.02
Upside Intraday Target	413.88
Upside Intraday Target	441.92
Upside Intraday Target	394.47

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	385.85	406.40	422.50	375.05	0.749 times
09 Fri Aug 2024	404.60	427.50	427.50	399.35	1.014 times
02 Fri Aug 2024	427.60	450.00	455.30	425.00	1.31 times
26 Fri Jul 2024	449.75	453.50	468.00	444.55	1.067 times
19 Fri Jul 2024	453.10	491.50	491.50	452.00	0.45 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
14 Wed Aug 2024	385.85	435.00	441.95	375.05	0.273 times
31 Wed Jul 2024	434.00	469.40	535.00	430.00	1.573 times
28 Fri Jun 2024	454.65	505.00	519.90	428.00	1.293 times
31 Fri May 2024	500.15	550.00	585.00	475.00	0.32 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 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 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 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 Strong 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 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 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 BUY signal in short term and the buying is gaining 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 404.45 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.