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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 2024-02-29 View latest technical analysis

10 day averaged volume of Mangalam Global is 364681

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	22.20	20.50	22.20	20.05	2.274 times
28 Wed Feb 2024	20.20	21.40	21.75	19.80	1.114 times
27 Tue Feb 2024	21.25	22.25	22.60	21.00	0.612 times
26 Mon Feb 2024	22.15	23.00	23.20	22.00	0.62 times
23 Fri Feb 2024	22.30	23.10	23.65	22.20	0.669 times
22 Thu Feb 2024	23.05	23.25	23.90	22.75	0.63 times
21 Wed Feb 2024	23.15	24.20	24.85	23.00	1.559 times
20 Tue Feb 2024	23.85	22.95	24.05	22.45	2.665 times
19 Mon Feb 2024	22.55	22.45	22.70	22.05	0.464 times
16 Fri Feb 2024	22.10	22.00	22.95	21.60	1.152 times

Stock of Mangalam Global (MGEL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 22.9 or till 24.1. Use a stoploss of 21.98 and if this stock hits its stoploss, then it can fall down till 21.01

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	15.05
Downside Target	15.80
Downside Target	17.40
Downside Target	18.55
Downside Target	19.60
Downside Target	22.05
Upside Target	22.90
Upside Target	22.95
Upside Target	23.20
Upside Target	24.85
Upside Target	24.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	20.27
Downside Intraday Target	18.33
Upside Intraday Target	23.67
Upside Intraday Target	25.13
Downside Intraday Target	21.73

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	22.20	23.00	23.20	19.80	0.772 times
23 Fri Feb 2024	22.30	22.45	24.85	22.05	1.646 times
16 Fri Feb 2024	22.10	22.45	22.95	20.00	0.413 times
09 Fri Feb 2024	21.95	22.50	24.95	20.20	1.534 times
02 Fri Feb 2024	21.65	20.75	22.90	20.60	1.584 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 Mangalam Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	22.20	22.40	24.95	19.80	0.671 times
31 Wed Jan 2024	21.95	16.90	23.20	16.10	2.515 times
29 Fri Dec 2023	16.55	17.25	19.60	16.05	1.024 times
30 Thu Nov 2023	16.70	16.80	18.55	15.80	2.629 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 Mangalam Global (MGEL)

Price action analysis of Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mangalam Global stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mangalam Global in short term but the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Global in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 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 22.51 and Mangalam Global (MGEL) 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.