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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 2024-12-04 View latest technical analysis

10 day averaged volume of Mangalam Global is 169911

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	24.04	23.91	24.85	23.91	0.489 times
03 Tue Dec 2024	23.91	24.00	24.75	23.77	0.539 times
02 Mon Dec 2024	23.95	24.69	24.79	23.61	0.694 times
29 Fri Nov 2024	24.23	24.70	24.70	23.89	0.308 times
28 Thu Nov 2024	24.26	23.65	24.40	23.20	1.024 times
27 Wed Nov 2024	23.29	23.45	23.75	23.06	0.545 times
26 Tue Nov 2024	23.15	22.02	23.50	22.02	1.25 times
25 Mon Nov 2024	22.02	22.00	22.42	21.75	0.61 times
22 Fri Nov 2024	21.62	22.00	22.89	21.32	1.264 times
21 Thu Nov 2024	22.00	22.89	23.22	21.28	2.751 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 24.5 as stoploss in an intra day sell trade for a target of 23.56. However, stock will show a bullish move above 24.5.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	18.50
Downside Target	20.25
Downside Target	21.28
Downside Target	21.75
Downside Target	22.71
Downside Target	23.61
Upside Target	24.70
Upside Target	24.85
Upside Target	25.61
Upside Target	26.10
Upside Target	28.89
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	23.48
Downside Intraday Target	22.93
Upside Intraday Target	24.72
Upside Intraday Target	25.41
Upside Intraday Target	24.17

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	24.04	24.69	24.85	23.61	0.461 times
29 Fri Nov 2024	24.23	22.00	24.70	21.75	0.676 times
22 Fri Nov 2024	21.62	23.39	23.75	21.28	0.831 times
14 Thu Nov 2024	23.04	24.45	26.10	21.80	3 times
08 Fri Nov 2024	24.14	24.56	25.61	24.01	0.765 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
04 Wed Dec 2024	24.04	24.69	24.85	23.61	0.092 times
29 Fri Nov 2024	24.23	24.50	26.10	21.28	1.062 times
31 Thu Oct 2024	24.20	27.45	28.89	22.71	0.094 times
16 Tue Jul 2024	29.14	22.70	32.00	20.25	1.951 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 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.

Price action analysis of Mangalam Global ( (MGEL) ) based on a short to mid 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 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 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 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 moving up

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 but buying is losing 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 22.85 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 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.