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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 2024-03-19 View latest technical analysis

10 day averaged volume of Mangalam Global is 288895

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	20.75	21.40	21.75	20.60	0.399 times
18 Mon Mar 2024	21.40	20.80	22.15	20.70	1.515 times
15 Fri Mar 2024	20.60	19.75	21.25	18.80	1.378 times
14 Thu Mar 2024	19.35	17.95	19.70	17.90	0.737 times
13 Wed Mar 2024	17.95	19.90	20.70	17.90	1.019 times
12 Tue Mar 2024	19.85	20.45	21.20	19.05	0.987 times
11 Mon Mar 2024	20.00	21.00	21.60	19.80	0.969 times
07 Thu Mar 2024	21.05	20.00	21.80	19.90	1.117 times
06 Wed Mar 2024	20.00	20.85	21.10	19.70	1.053 times
05 Tue Mar 2024	20.85	21.00	21.40	20.60	0.413 times

My analysis of stock is bearish for shortterm, and stock might move down till 19.8 or till 18.3. Use a stoploss of 21.01 and if the stock hits stoploss, then it can shoot up till 22.25

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	15.80
Downside Target	17.90
Downside Target	18.55
Downside Target	19.60
Downside Target	20.60
Upside Target	21.60
Upside Target	22.05
Upside Target	22.20
Upside Target	22.90
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	20.18
Downside Intraday Target	19.62
Upside Intraday Target	21.73
Upside Intraday Target	22.72
Upside Intraday Target	21.17

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	20.75	20.80	22.15	20.60	0.376 times
15 Fri Mar 2024	20.60	21.00	21.60	17.90	1.499 times
07 Thu Mar 2024	21.05	22.00	22.20	19.70	0.414 times
02 Sat Mar 2024	22.00	23.00	23.20	19.80	1.085 times
23 Fri Feb 2024	22.30	22.45	24.85	22.05	1.646 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
19 Tue Mar 2024	20.75	22.20	22.90	17.90	0.406 times
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

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)

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 to mid term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a SELL signal for Mangalam Global in short term and the sell signal is strong.

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 SELL signal for Mangalam Global in short term but SELL signal is weak.

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 20.21 and Mangalam Global (MGEL) 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 Mangalam Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.

Mangalam Global 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.