Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(MEDICO_BE) Medico Remedies complete technical analysis [charts+indicators] | Buy/Sell Medico Remedies | (MEDICO_BE) share price targets

Complete technical analysis of Medico Remedies (MEDICO_BE) by charts plus indicators, forecast predictions and share price targets for Medico Remedies (MEDICO_BE)

10 day averaged volume of Medico Remedies is 237289

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	45.55	46.00	46.90	45.15	0.382 times
02 Thu May 2024	46.60	45.40	47.20	44.35	0.894 times
30 Tue Apr 2024	45.40	45.70	46.30	44.90	0.294 times
29 Mon Apr 2024	45.70	46.25	46.95	45.00	0.534 times
26 Fri Apr 2024	46.25	46.75	47.30	46.00	0.338 times
25 Thu Apr 2024	46.75	47.80	47.80	46.40	0.251 times
24 Wed Apr 2024	47.85	46.40	48.10	45.80	1.78 times
23 Tue Apr 2024	46.80	47.00	47.70	46.50	0.356 times
22 Mon Apr 2024	48.35	48.20	48.70	45.80	1.332 times
19 Fri Apr 2024	48.20	47.95	49.00	46.15	0.423 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 45.2, for a target of 46.3 or 47.18

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	44.35
Upside Target	45.70
Upside Target	47.20
Upside Target	49.10
Upside Target	50.10
Upside Target	50.80
Upside Target	293.50
Upside Target	297.65
Upside Target	345.00
Upside Target	346.85

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	44.2
Downside Intraday Target	42.85
Upside Intraday Target	47.05
Upside Intraday Target	48.55
Upside Intraday Target	45.7

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	45.55	46.25	47.20	44.35	0.519 times
26 Fri Apr 2024	46.25	48.20	48.70	45.80	0.517 times
19 Fri Apr 2024	48.20	47.45	49.10	44.50	1.639 times
12 Fri Apr 2024	46.80	48.15	48.50	45.70	0.82 times
05 Fri Apr 2024	47.55	47.20	50.10	46.20	4.098 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 Medico Remedies (MEDICO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	45.55	45.40	47.20	44.35	0.055 times
30 Tue Apr 2024	45.40	47.20	50.10	44.50	20.98 times
28 Thu Mar 2024	48.10	50.80	50.80	47.80	0.402 times
27 Mon Feb 2023	340.10	320.90	345.00	297.65	0.903 times

Scroll below to view daily charts

Price has moved up 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 Medico Remedies (MEDICO_BE)

Price action analysis of Medico Remedies ( (MEDICO_BE) ) 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 Medico Remedies ( (MEDICO_BE) ) 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 Medico Remedies ( (MEDICO_BE) ) 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 Medico Remedies ( (MEDICO_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Medico Remedies stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Medico Remedies 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.

Medico Remedies Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 Medico Remedies 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Medico Remedies is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.21 and Medico Remedies (MEDICO_BE) 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 Medico Remedies (MEDICO_BE) stock. Volume based technical analysis of Medico Remedies (MEDICO_BE) stock is negative.

Medico Remedies 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.