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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 2024-04-08 View latest technical analysis

10 day averaged volume of Mangalam Global is 230096

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	20.35	20.60	21.40	19.80	0.805 times
05 Fri Apr 2024	20.50	19.80	21.20	19.80	2.18 times
04 Thu Apr 2024	19.50	19.80	19.80	19.35	0.652 times
03 Wed Apr 2024	19.55	19.80	19.85	19.50	0.61 times
02 Tue Apr 2024	19.65	19.90	20.00	19.45	0.656 times
01 Mon Apr 2024	19.75	19.95	20.20	19.55	0.732 times
28 Thu Mar 2024	19.65	20.10	20.10	19.45	0.29 times
27 Wed Mar 2024	19.40	19.80	20.60	19.20	0.652 times
26 Tue Mar 2024	20.15	20.40	20.50	19.65	1.384 times
22 Fri Mar 2024	20.15	21.10	21.25	19.80	1.611 times

My analysis of stock is bullish for shortterm, and stock might move up till 20.9 or till 21.8. Use a stoploss of 20.08 and if this stock hits its stoploss, then it can fall down till 19.31

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	16.05
Downside Target	17.90
Downside Target	19.20
Upside Target	20.60
Upside Target	21.20
Upside Target	21.40
Upside Target	21.60
Upside Target	22.30
Upside Target	22.90
Upside Target	23.20
Upside Target	24.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	19.63
Downside Intraday Target	18.92
Upside Intraday Target	21.23
Upside Intraday Target	22.12
Upside Intraday Target	20.52

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	20.35	20.60	21.40	19.80	0.167 times
05 Fri Apr 2024	20.50	19.95	21.20	19.35	2.076 times
28 Thu Mar 2024	19.65	20.40	20.60	19.20	0.333 times
22 Fri Mar 2024	20.15	20.80	22.30	19.80	1.092 times
15 Fri Mar 2024	20.60	21.00	21.60	17.90	1.499 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
08 Mon Apr 2024	20.35	19.95	21.40	19.35	0.246 times
28 Thu Mar 2024	19.65	22.20	22.90	17.90	0.58 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

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 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 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 mid to longer 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.

ADX buy sell signal for Mangalam Global stock for short term is BUY. Signal strength is Strong and stock is gaining 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 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 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 20.03 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.