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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 2024-08-21 View latest technical analysis

10 day averaged volume of Medicamen Biotech is 21602

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	414.65	417.40	418.85	410.35	0.679 times
20 Tue Aug 2024	410.40	390.00	414.70	383.00	1.345 times
19 Mon Aug 2024	390.45	393.35	406.50	385.00	0.98 times
16 Fri Aug 2024	389.30	389.90	394.30	385.00	0.568 times
14 Wed Aug 2024	385.85	375.05	389.50	375.05	1.06 times
13 Tue Aug 2024	388.30	407.70	420.85	380.00	1.507 times
12 Mon Aug 2024	405.60	406.40	422.50	400.80	1.103 times
09 Fri Aug 2024	404.60	409.60	419.45	401.05	0.892 times
08 Thu Aug 2024	407.50	410.80	412.95	400.40	0.919 times
07 Wed Aug 2024	409.25	406.00	412.50	399.35	0.78 times

My analysis of stock is bearish for shortterm, and stock might move down till 395.2 or till 368.8. Use a stoploss of 417.1 and if the stock hits stoploss, then it can shoot up till 439.03

Share price targets for Medicamen Biotech (MEDICAMEQ)

Target Type	Value
Downside Target	375.05
Downside Target	383.00
Downside Target	399.35
Upside Target	418.85
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	392.15
Downside Intraday Target	369.65
Upside Intraday Target	428
Upside Intraday Target	441.35
Downside Intraday Target	405.5

Weekly technical analysis of Medicamen Biotech (MEDICAMEQ)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	414.65	393.35	418.85	383.00	0.709 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
21 Wed Aug 2024	414.65	435.00	441.95	375.05	0.369 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Medicamen Biotech in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 400.03 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 rising upwards.

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 is giving positive 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.