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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 2024-09-24 View latest technical analysis

10 day averaged volume of Mangalam Global is 145224

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	24.93	25.00	25.80	24.50	1.868 times
23 Mon Sep 2024	25.25	24.46	25.67	24.25	1.21 times
20 Fri Sep 2024	24.45	24.68	25.49	24.00	0.728 times
19 Thu Sep 2024	24.49	25.25	25.60	23.75	1.136 times
18 Wed Sep 2024	25.00	24.95	25.46	24.50	0.772 times
17 Tue Sep 2024	24.63	25.30	25.79	24.00	1.047 times
16 Mon Sep 2024	25.03	25.45	26.19	24.65	0.877 times
13 Fri Sep 2024	24.95	26.70	26.93	24.36	1.185 times
12 Thu Sep 2024	25.65	24.98	26.00	24.40	0.947 times
11 Wed Sep 2024	24.98	24.37	25.00	23.90	1.486 times

My analysis of stock is bullish for shortterm, and stock might move up till 25.2 or till 25.7. Use a stoploss of 24.81 and if this stock hits its stoploss, then it can fall down till 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	25.84
Upside Target	26.10
Upside Target	26.19
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	24.19
Downside Intraday Target	23.44
Upside Intraday Target	25.74
Upside Intraday Target	26.54
Upside Intraday Target	24.99

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	24.93	24.46	25.80	24.25	0.675 times
20 Fri Sep 2024	24.45	25.45	26.19	23.75	0.967 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

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
24 Tue Sep 2024	24.93	25.00	26.93	23.75	0.878 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 and the buying is gaining 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 24.94 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 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.