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Stock analysis Medicamen Biotech Limited MEDICAMEQ

More indepth analysis on MunafaSutra.com

Moving Averages for Medicamen Biotech Limited

  • 5Day Average: 500.15
  • 12Day Average: 453.54
  • 20Day Average: 442.48
  • 50Day Average: 452.68
  • 100Day Average: 507.73
  • 150Day Average: 551.82
  • 200Day Average: 600.67

MEDICAMEQ Indicators & signals

Indicator MACD (12,26,9)

474.76, 453.32, 2.19
Indicator MACD is in positive zone

Indicator ADX (14)

66.09, 52.27, 10.67
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 66
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MEDICAMEQ Medicamen Biotech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 579.60 571.45 to 628.40 -0.58% 7.52 times
29 Mon Apr 2024 583.00 498.05 to 583.00 20% 6.04 times
26 Fri Apr 2024 485.85 424.30 to 495.40 15.1% 2.46 times
25 Thu Apr 2024 422.10 418.00 to 433.55 -1.88% 0.12 times
24 Wed Apr 2024 430.20 427.70 to 440.00 -0.75% 0.27 times
23 Tue Apr 2024 433.45 415.75 to 436.95 4.79% 0.26 times
22 Mon Apr 2024 413.65 407.00 to 423.20 -0.85% 0.17 times
19 Fri Apr 2024 417.20 408.05 to 424.00 0.55% 0.14 times
18 Thu Apr 2024 414.90 412.05 to 427.95 -0.71% 0.23 times
16 Tue Apr 2024 417.85 415.00 to 422.00 0.48% 0.1 times
15 Mon Apr 2024 415.85 408.95 to 426.20 -3.03% 0.22 times
12 Fri Apr 2024 428.85 424.70 to 438.40 -1.66% 0.16 times

Technical analysis forecast of Medicamen Biotech Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Medicamen Biotech Limited MEDICAMEQ at this time. Stock is rising and might rise more.

It appears as if Medicamen Biotech Limited MEDICAMEQ gave a large move recently.

Stock of Medicamen Biotech Limited (MEDICAMEQ) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Medicamen Biotech Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 566.2, for a target of 506.9 or 457.44

More indepth analysis on MunafaSutra.com