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)

Showing technical analysis as on 2024-08-19 View latest technical analysis

10 day averaged volume of Medico Remedies is 51094

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	37.99	37.39	38.08	37.01	0.909 times
16 Fri Aug 2024	37.39	36.68	37.48	36.50	0.579 times
14 Wed Aug 2024	36.68	37.90	37.90	36.55	0.481 times
13 Tue Aug 2024	37.16	37.63	38.45	37.00	0.782 times
12 Mon Aug 2024	38.00	38.30	39.50	37.06	0.861 times
09 Fri Aug 2024	38.30	37.84	38.70	37.02	0.664 times
08 Thu Aug 2024	37.36	37.53	38.25	37.00	0.98 times
07 Wed Aug 2024	37.53	37.30	38.06	35.91	0.739 times
06 Tue Aug 2024	36.79	36.97	38.34	35.90	1.306 times
05 Mon Aug 2024	36.97	38.48	38.48	36.75	1.006 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.7 or till 39.6. Use a stoploss of 37.9 and if this stock hits its stoploss, then it can fall down till 37.14

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	34.80
Downside Target	35.67
Upside Target	38.08
Upside Target	39.50
Upside Target	39.80
Upside Target	39.90
Upside Target	41.75
Upside Target	43.80
Upside Target	44.50
Upside Target	47.20
Upside Target	50.10

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	37.31
Downside Intraday Target	36.62
Upside Intraday Target	38.38
Upside Intraday Target	38.76
Downside Intraday Target	37.69

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	37.99	37.39	38.08	37.01	0.336 times
16 Fri Aug 2024	37.39	38.30	39.50	36.50	0.576 times
09 Fri Aug 2024	38.30	38.48	38.70	35.90	0.387 times
02 Fri Aug 2024	37.81	38.89	39.90	37.00	1.958 times
26 Fri Jul 2024	38.24	36.71	39.80	35.67	0.868 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 Medico Remedies (MEDICO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	37.99	38.89	39.50	35.90	0.386 times
31 Wed Jul 2024	38.36	41.75	41.75	35.67	1.072 times
28 Fri Jun 2024	40.78	37.95	43.80	34.80	0.612 times
31 Fri May 2024	37.00	45.40	47.20	35.90	0.477 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 Medico Remedies (MEDICO_BE)

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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Medico Remedies stock for short term is SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 Medico Remedies 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 Medico Remedies is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 37.39 and Medico Remedies (MEDICO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.