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

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

Showing technical analysis as on 2024-08-05 View latest technical analysis

10 day averaged volume of Mangalam Global is 220209

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	25.14	25.01	26.15	24.96	1.317 times
02 Fri Aug 2024	26.20	26.34	26.87	25.02	0.64 times
01 Thu Aug 2024	26.34	27.50	27.50	26.12	0.86 times
31 Wed Jul 2024	27.05	27.48	27.95	26.72	0.653 times
30 Tue Jul 2024	27.06	27.14	27.89	26.00	0.933 times
29 Mon Jul 2024	27.14	27.00	28.69	26.50	0.823 times
26 Fri Jul 2024	27.89	26.51	28.37	26.40	2.73 times
25 Thu Jul 2024	27.04	27.50	27.50	26.11	0.541 times
24 Wed Jul 2024	27.28	26.80	28.00	26.80	0.651 times
23 Tue Jul 2024	27.35	27.50	27.50	26.20	1.028 times

My analysis of stock is bullish for shortterm, and stock might move up till 28.4 or till 34.8. Use a stoploss of 22.99 and if this stock hits its stoploss, then it can fall down till 17.6

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	13.25
Downside Target	14.60
Downside Target	16.95
Downside Target	17.75
Downside Target	21.35
Downside Target	24.96
Upside Target	25.80
Upside Target	26.29
Upside Target	27.50
Upside Target	28.37
Upside Target	28.69
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	24.68
Downside Intraday Target	24.23
Upside Intraday Target	25.87
Upside Intraday Target	26.61
Upside Intraday Target	25.42

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	25.14	25.01	26.15	24.96	0.337 times
02 Fri Aug 2024	26.20	27.00	28.69	25.02	0.641 times
26 Fri Jul 2024	27.89	25.82	28.37	25.80	1.824 times
19 Fri Jul 2024	26.42	28.50	29.84	26.29	1.897 times
20 Fri Oct 2023	15.85	16.80	17.00	14.60	0.461 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	25.14	27.50	27.50	24.96	0.238 times
31 Wed Jul 2024	27.05	28.50	29.84	25.80	1.114 times
20 Fri Oct 2023	15.85	13.60	17.00	12.65	3.532 times
29 Fri Sep 2023	13.25	17.75	17.75	13.25	0.441 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_BE)

Price action analysis of Mangalam Global ( (MGEL_BE) ) 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_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mangalam Global ( (MGEL_BE) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mangalam Global ( (MGEL_BE) ) 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 BUY. Signal strength is Strong and stock is losing momentum.

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

Mangalam Global Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Global in short term and SELL 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 26.97 and Mangalam Global (MGEL_BE) 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_BE) stock. Volume based technical analysis of Mangalam Global (MGEL_BE) stock is negative.

Mangalam Global Stock has given negative 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.