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(MGEL) Mangalam Global complete technical analysis [charts+indicators] | Buy/Sell Mangalam Global | (MGEL) share price targets

Complete technical analysis of Mangalam Global (MGEL) by charts plus indicators, forecast predictions and share price targets for Mangalam Global (MGEL)

Showing technical analysis as on 2021-03-31 View latest technical analysis

10 day averaged volume of Mangalam Global is 3989

Date Daily Closing Price Open High Low Volume
31 Wed Mar 2021 45.80 45.90 46.00 45.75 0.688 times
30 Tue Mar 2021 46.10 46.00 46.45 44.50 1.71 times
26 Fri Mar 2021 45.65 46.80 46.80 44.00 0.599 times
25 Thu Mar 2021 45.05 44.95 45.85 44.95 0.125 times
24 Wed Mar 2021 45.10 45.10 45.80 44.95 0.748 times
23 Tue Mar 2021 46.90 45.95 47.00 45.25 1.071 times
22 Mon Mar 2021 46.10 48.70 48.70 38.25 1.384 times
19 Fri Mar 2021 46.75 46.05 47.15 45.90 0.794 times
18 Thu Mar 2021 46.30 45.65 48.70 44.55 2.022 times
17 Wed Mar 2021 44.25 44.10 45.95 44.05 0.715 times

My analysis of stock is bearish for shortterm, and stock might move down till 45.1 or till 44.1. Use a stoploss of 45.94 and if the stock hits stoploss, then it can shoot up till 46.8

Share price targets for Mangalam Global (MGEL)

Target Type Value
Downside Target 35.20
Downside Target 38.05
Downside Target 43.25
Upside Target 46.45
Upside Target 48.70
Upside Target 49.95
Upside Target 50.00
Upside Target 55.55
Upside Target 56.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type Value
Downside Intraday Target 44.72
Downside Intraday Target 43.63
Upside Intraday Target 46.67
Upside Intraday Target 47.53
Downside Intraday Target 45.58

Weekly technical analysis of Mangalam Global (MGEL)

Date Weekly Closing Price Open High Low Volume
31 Wed Mar 2021 45.80 46.00 46.45 44.50 0.61 times
26 Fri Mar 2021 45.65 48.70 48.70 38.25 0.706 times
19 Fri Mar 2021 46.75 45.40 48.70 44.00 1.166 times
12 Fri Mar 2021 45.70 46.95 46.95 44.30 0.109 times
05 Fri Mar 2021 45.95 46.10 50.00 43.80 2.044 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 Mangalam Global (MGEL)

Date Monthly Closing Price Open High Low Volume
31 Wed Mar 2021 45.80 46.10 50.00 38.25 0.861 times
25 Thu Feb 2021 46.25 47.20 49.95 38.05 1.074 times
29 Fri Jan 2021 46.05 50.00 55.55 43.25 2.386 times
31 Thu Dec 2020 46.35 49.95 56.95 35.20 0 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 Mangalam Global (MGEL)

Indicator Name Indicator Value Indicator Signal
ADX 9, 25, 45 Sell
MACD -0, -0Buy
Stochastics 73Buy
CCI 26Buy
RSI 51Buy
OBV 64159Sell
VWAP 46Sell
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mangalam Global ( (MGEL) ) based on a short to mid term time period is

Price action analysis of Mangalam Global ( (MGEL) ) 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 Mangalam Global stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mangalam Global 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.

Mangalam Global Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

CCI has generated a buy signal for Mangalam Global in short term and BUY 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 Mangalam Global is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 46.01 and Mangalam Global (MGEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Mangalam Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.

Mangalam Global 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.

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Daily charts

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Daily chart
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