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(MITCON_BE) Mitcon Con complete technical analysis [charts+indicators] | Buy/Sell Mitcon Con | (MITCON_BE) share price targets

Complete technical analysis of Mitcon Con (MITCON_BE) by charts plus indicators, forecast predictions and share price targets for Mitcon Con (MITCON_BE)

10 day averaged volume of Mitcon Con is 5535

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	115.30	119.95	120.00	114.00	1.38 times
16 Tue Apr 2024	116.35	117.80	117.85	112.05	0.765 times
15 Mon Apr 2024	117.85	118.75	119.00	112.85	1.073 times
12 Fri Apr 2024	118.75	120.00	121.90	117.50	1.344 times
10 Wed Apr 2024	120.90	125.25	126.00	119.15	0.725 times
09 Tue Apr 2024	123.90	123.30	126.50	118.70	1.171 times
08 Mon Apr 2024	123.30	122.60	125.95	120.00	0.855 times
05 Fri Apr 2024	122.60	123.50	125.40	120.00	0.527 times
04 Thu Apr 2024	123.60	127.00	127.00	121.20	0.984 times
03 Wed Apr 2024	127.35	117.60	127.85	117.00	2.149 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 113.9 as stoploss in an intra day buy trade for a target of 118.43. However, stock will show a bearish move below 113.9.

Share price targets for Mitcon Con (MITCON_BE)

Target Type	Value
Downside Target	62.10
Downside Target	65.60
Downside Target	101.45
Downside Target	104.70
Downside Target	108.10
Downside Target	112.05
Upside Target	117.50
Upside Target	120.00
Upside Target	122.75
Upside Target	127.85
Upside Target	134.95
Upside Target	153.50
Upside Target	161.15

Intraday share price targets for Mitcon Con (MITCON_BE)

Target Type	Value
Downside Intraday Target	111.57
Downside Intraday Target	107.83
Upside Intraday Target	119.52
Upside Intraday Target	123.73
Upside Intraday Target	115.78

Weekly technical analysis of Mitcon Con (MITCON_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	115.30	118.75	120.00	112.05	0.786 times
12 Fri Apr 2024	118.75	122.60	126.50	117.50	0.884 times
05 Fri Apr 2024	122.60	112.55	127.85	112.55	0.689 times
28 Thu Mar 2024	112.55	120.90	122.75	108.10	0.857 times
22 Fri Mar 2024	120.90	104.70	124.55	104.70	0.605 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 Mitcon Con (MITCON_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	115.30	112.55	127.85	112.05	0.304 times
28 Thu Mar 2024	112.55	132.05	134.95	101.45	0.491 times
29 Thu Feb 2024	129.45	161.15	161.15	127.00	2.25 times
31 Wed Jan 2024	153.50	131.35	153.50	126.10	3.452 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 Mitcon Con (MITCON_BE)

Price action analysis of Mitcon Con ( (MITCON_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 Mitcon Con ( (MITCON_BE) ) 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 Mitcon Con ( (MITCON_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 Mitcon Con stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mitcon Con in short term and the sell signal is strong.

Mitcon Con 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 buy signal for Mitcon Con in short term but BUY signal is weak.

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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mitcon Con is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 121.41 and Mitcon Con (MITCON_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 Mitcon Con (MITCON_BE) stock. Volume based technical analysis of Mitcon Con (MITCON_BE) stock is negative.

Mitcon Con Stock has given negative 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.