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(MGEL_SM) Mangalam Global complete technical analysis [charts+indicators] | Buy/Sell Mangalam Global | (MGEL_SM) share price targets

Complete technical analysis of Mangalam Global (MGEL_SM) by charts plus indicators, forecast predictions and share price targets for Mangalam Global (MGEL_SM)

10 day averaged volume of Mangalam Global is 5400

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Dec 2020	42.00	40.75	42.00	40.75	2.778 times
21 Mon Dec 2020	40.50	40.50	40.50	40.50	0.556 times
18 Fri Dec 2020	41.00	41.00	41.00	41.00	1.111 times
17 Thu Dec 2020	41.50	41.50	41.50	41.50	0.556 times
16 Wed Dec 2020	41.00	41.00	41.00	41.00	1.111 times
14 Mon Dec 2020	41.80	41.75	41.80	41.75	1.667 times
11 Fri Dec 2020	41.65	41.75	41.75	41.65	1.111 times
10 Thu Dec 2020	41.50	41.50	41.50	41.50	0.556 times
08 Tue Dec 2020	41.50	41.50	41.50	41.50	1.111 times
07 Mon Dec 2020	41.50	41.50	41.50	41.50	0.556 times

Stock of Mangalam Global (MGEL_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.7, but if it comes below 41.7, then a intra day sell could be more profitable.
If you take a sell trade below 41.7, then use 41.7 as stoploss and 41.1 as target. However if you take a buy trade in stock , then use 41.7 as stoploss and 42.3 as target.

Share price targets for Mangalam Global (MGEL_SM)

Target Type	Value
Downside Target	38.00
Downside Target	39.00
Downside Target	39.80
Downside Target	41.75
Downside Target	41.80
Downside Target	42.00
Upside Target	43.00
Upside Target	44.30
Upside Target	65.10

Intraday share price targets for Mangalam Global (MGEL_SM)

Target Type	Value
Downside Intraday Target	41
Downside Intraday Target	40
Upside Intraday Target	42.5
Upside Intraday Target	43
Downside Intraday Target	41.5

Weekly technical analysis of Mangalam Global (MGEL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Dec 2020	42.00	40.50	42.00	40.50	0.75 times
18 Fri Dec 2020	41.00	41.75	41.80	41.00	1.333 times
11 Fri Dec 2020	41.65	41.50	41.75	41.50	0.667 times
04 Fri Dec 2020	41.00	40.00	41.00	39.80	1.286 times
27 Fri Nov 2020	40.50	41.50	41.50	40.00	1 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_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Tue Dec 2020	42.00	40.00	42.00	39.80	0.879 times
27 Fri Nov 2020	40.50	39.30	41.50	39.00	1.5 times
30 Fri Oct 2020	40.50	38.00	42.00	38.00	0.611 times
29 Tue Sep 2020	40.70	42.20	43.00	39.00	0.152 times

Scroll below to view daily charts

Price has moved up 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_SM)

Price action analysis of Mangalam Global ( (MGEL_SM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mangalam Global ( (MGEL_SM) ) 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_SM) ) based on a short to mid 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_SM) ) based on a mid to longer 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.

ADX buy sell signal for Mangalam Global stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Global in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 41.54 and Mangalam Global (MGEL_SM) 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_SM) stock. Volume based technical analysis of Mangalam Global (MGEL_SM) stock is negative.

Mangalam Global Stock is giving positive 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.