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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 2024-08-19 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 21490

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	390.45	393.35	406.50	385.00	0.985 times
16 Fri Aug 2024	389.30	389.90	394.30	385.00	0.571 times
14 Wed Aug 2024	385.85	375.05	389.50	375.05	1.065 times
13 Tue Aug 2024	388.30	407.70	420.85	380.00	1.515 times
12 Mon Aug 2024	405.60	406.40	422.50	400.80	1.109 times
09 Fri Aug 2024	404.60	409.60	419.45	401.05	0.896 times
08 Thu Aug 2024	407.50	410.80	412.95	400.40	0.924 times
07 Wed Aug 2024	409.25	406.00	412.50	399.35	0.784 times
06 Tue Aug 2024	402.00	406.00	418.80	400.00	0.851 times
05 Mon Aug 2024	402.65	427.50	427.50	401.00	1.471 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 396.8, but if it comes above 396.8, then a intra day buy could be more profitable.
If you take a sell trade below 396.8, then use 396.8 as stoploss and 367.2 as target. However if you take a buy trade in stock , then use 396.8 as stoploss and 421.38 as target.

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	375.05
Downside Target	385.00
Upside Target	399.35
Upside Target	422.50
Upside Target	441.95
Upside Target	455.30
Upside Target	468.00
Upside Target	475.00
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	381.47
Downside Intraday Target	372.48
Upside Intraday Target	402.97
Upside Intraday Target	415.48
Upside Intraday Target	393.98

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	390.45	393.35	406.50	385.00	0.231 times
16 Fri Aug 2024	389.30	406.40	422.50	375.05	0.865 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

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
19 Mon Aug 2024	390.45	435.00	441.95	375.05	0.315 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 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 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 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 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 but buying 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 398.21 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.