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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 2024-09-19 View latest technical analysis

10 day averaged volume of Mangalam Global is 149975

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	24.49	25.25	25.60	23.75	1.1 times
18 Wed Sep 2024	25.00	24.95	25.46	24.50	0.748 times
17 Tue Sep 2024	24.63	25.30	25.79	24.00	1.014 times
16 Mon Sep 2024	25.03	25.45	26.19	24.65	0.849 times
13 Fri Sep 2024	24.95	26.70	26.93	24.36	1.148 times
12 Thu Sep 2024	25.65	24.98	26.00	24.40	0.917 times
11 Wed Sep 2024	24.98	24.37	25.00	23.90	1.439 times
10 Tue Sep 2024	24.37	24.46	24.97	24.00	0.592 times
09 Mon Sep 2024	24.46	24.30	25.38	24.30	0.472 times
06 Fri Sep 2024	25.28	24.89	25.39	24.00	2.139 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 24.4 as stoploss in an intra day buy trade for a target of 24.87. However, stock will show a bearish move below 24.4.

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	23.43
Downside Intraday Target	22.37
Upside Intraday Target	25.87
Upside Intraday Target	27.25
Upside Intraday Target	24.81

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	24.49	25.45	26.19	23.75	0.812 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 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
19 Thu Sep 2024	24.49	25.00	26.93	23.75	0.677 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 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 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_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 SELL. Signal strength is Weak 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 red color and prices are below the red 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 24.96 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 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.