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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 2024-09-16 View latest technical analysis

10 day averaged volume of Mangalam Global is 130256

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	25.03	25.45	26.19	24.65	0.978 times
13 Fri Sep 2024	24.95	26.70	26.93	24.36	1.321 times
12 Thu Sep 2024	25.65	24.98	26.00	24.40	1.055 times
11 Wed Sep 2024	24.98	24.37	25.00	23.90	1.657 times
10 Tue Sep 2024	24.37	24.46	24.97	24.00	0.682 times
09 Mon Sep 2024	24.46	24.30	25.38	24.30	0.544 times
06 Fri Sep 2024	25.28	24.89	25.39	24.00	2.463 times
05 Thu Sep 2024	24.19	24.15	24.94	24.00	0.786 times
04 Wed Sep 2024	24.15	24.79	24.79	23.85	0.406 times
03 Tue Sep 2024	24.40	25.22	25.22	24.25	0.606 times

My analysis of stock is bullish for shortterm, and stock might move up till 25.4 or till 26. Use a stoploss of 24.98 and if this stock hits its stoploss, then it can fall down till 24.51

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	13.25
Downside Target	17.00
Downside Target	17.75
Downside Target	23.67
Upside Target	25.80
Upside Target	26.10
Upside Target	26.19
Upside Target	26.29
Upside Target	26.93
Upside Target	27.50
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	24.39
Downside Intraday Target	23.75
Upside Intraday Target	25.93
Upside Intraday Target	26.83
Upside Intraday Target	25.29

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	25.03	25.45	26.19	24.65	0.186 times
13 Fri Sep 2024	24.95	24.30	26.93	23.90	1.109 times
06 Fri Sep 2024	25.28	25.00	25.84	23.85	1.021 times
30 Fri Aug 2024	25.47	26.10	26.10	23.67	1.214 times
23 Fri Aug 2024	25.56	25.10	26.29	24.20	1.277 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	25.03	25.00	26.93	23.85	0.52 times
30 Fri Aug 2024	25.47	27.50	27.50	23.67	1.054 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

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 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 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_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 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 moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mangalam Global is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24.93 and Mangalam Global (MGEL_BE) 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_BE) stock. Volume based technical analysis of Mangalam Global (MGEL_BE) 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.