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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 2024-08-27 View latest technical analysis

10 day averaged volume of Mangalam Global is 102710

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	25.03	24.75	26.00	24.53	1.093 times
26 Mon Aug 2024	25.11	26.10	26.10	24.40	1.349 times
23 Fri Aug 2024	25.56	25.80	26.10	25.00	0.996 times
22 Thu Aug 2024	25.64	26.29	26.29	25.35	0.811 times
21 Wed Aug 2024	25.61	25.20	25.91	25.06	1.146 times
20 Tue Aug 2024	25.06	24.56	25.28	24.56	1.043 times
19 Mon Aug 2024	24.79	25.10	25.29	24.20	0.854 times
16 Fri Aug 2024	24.87	24.72	25.50	24.18	0.722 times
14 Wed Aug 2024	24.72	24.11	25.40	23.85	1.142 times
13 Tue Aug 2024	24.87	25.90	25.90	24.80	0.7 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 24.7 as stoploss in an intra day buy trade for a target of 25.42. However, stock will show a bearish move below 24.7.

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	13.25
Downside Target	16.95
Downside Target	17.75
Downside Target	21.35
Downside Target	23.85
Downside Target	25.02
Upside Target	25.80
Upside Target	26.10
Upside Target	26.15
Upside Target	26.29
Upside Target	27.50
Upside Target	28.69
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	24.25
Downside Intraday Target	23.48
Upside Intraday Target	25.95
Upside Intraday Target	26.88
Upside Intraday Target	25.18

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	25.03	26.10	26.10	24.40	0.503 times
23 Fri Aug 2024	25.56	25.10	26.29	24.20	1.277 times
16 Fri Aug 2024	24.87	25.85	25.90	23.85	0.423 times
09 Fri Aug 2024	25.36	25.01	26.15	24.01	1.073 times
02 Fri Aug 2024	26.20	27.00	28.69	25.02	0.641 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
27 Tue Aug 2024	25.03	27.50	27.50	23.85	0.918 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 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 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_BE) ) 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_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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 25.14 and Mangalam Global (MGEL_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.