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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 2024-10-04 View latest technical analysis

10 day averaged volume of Mangalam Global is 202538

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	24.98	25.06	25.89	24.80	0.326 times
03 Thu Oct 2024	25.62	25.70	26.00	25.00	0.86 times
01 Tue Oct 2024	25.70	25.88	26.00	24.75	1.557 times
30 Mon Sep 2024	25.16	25.39	25.39	25.00	0.586 times
27 Fri Sep 2024	25.09	23.90	25.11	23.11	1.806 times
26 Thu Sep 2024	23.92	25.27	25.27	23.58	0.928 times
25 Wed Sep 2024	24.83	24.82	25.50	24.25	0.718 times
24 Tue Sep 2024	24.93	25.00	25.80	24.50	1.339 times
23 Mon Sep 2024	25.25	24.46	25.67	24.25	0.868 times
20 Fri Sep 2024	24.45	24.68	25.49	24.00	0.522 times

My analysis of stock is bullish for shortterm, and stock might move up till 25.4 or till 25.9. Use a stoploss of 24.94 and if this stock hits its stoploss, then it can fall down till 24.49

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	17.00
Downside Target	23.11
Downside Target	23.67
Downside Target	24.75
Upside Target	25.80
Upside Target	26.00
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	24.49
Downside Intraday Target	23.99
Upside Intraday Target	25.74
Upside Intraday Target	26.49
Upside Intraday Target	25.24

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	24.98	25.39	26.00	24.75	0.588 times
27 Fri Sep 2024	25.09	24.46	25.80	23.11	1.731 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

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
04 Fri Oct 2024	24.98	25.88	26.00	24.75	0.172 times
30 Mon Sep 2024	25.16	25.00	26.93	23.11	1.176 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

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 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 gaining momentum.

MACD generated a BUY signal for Mangalam Global in short term and the buy signal is strong.

Mangalam Global Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 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 25.06 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.