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(MedicamenBi) Medicamen Bi complete technical analysis [charts+indicators] | Buy/Sell Medicamen Bi | (MedicamenBi) share price targets

Complete technical analysis of Medicamen Bi (MedicamenBi) by charts plus indicators, forecast predictions and share price targets for Medicamen Bi (MedicamenBi)

10 day averaged volume of Medicamen Bi is 15225

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 579.10 618.35 628.40 572.45 3.765 times
29 Mon Apr 2024 589.55 502.10 589.55 500.00 4.439 times
26 Fri Apr 2024 491.30 428.90 496.00 428.90 0.827 times
25 Thu Apr 2024 419.65 430.25 433.25 417.50 0.155 times
24 Wed Apr 2024 434.10 433.45 438.85 427.00 0.056 times

Stock of Medicamen Bi (MedicamenBi) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock 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 554.2, for a target of 493.6 or 443.07

Share price targets for Medicamen Bi (MedicamenBi)

Target Type Value
Downside Target 356.75
Downside Target 390.50
Downside Target 408.00
Downside Target 423.95
Downside Target 455.40
Downside Target 470.30
Downside Target 496.00
Downside Target 525.95
Downside Target 553.40
Upside Target 598.25
Upside Target 614.00
Upside Target 628.40
Upside Target 643.90

Intraday share price targets for Medicamen Bi (MedicamenBi)

Target Type Value
Downside Intraday Target 509.93
Downside Intraday Target 440.77
Upside Intraday Target 638.33
Upside Intraday Target 697.57
Downside Intraday Target 569.17

Weekly technical analysis of Medicamen Bi (MedicamenBi)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 579.10 502.10 628.40 500.00 5.288 times
26 Fri Apr 2024 491.30 410.25 496.00 410.25 3.89 times
19 Fri Apr 2024 416.80 422.00 425.05 408.00 1.085 times
12 Fri Apr 2024 425.00 454.95 456.20 423.95 0.541 times
05 Fri Apr 2024 448.80 395.25 455.40 390.50 0.453 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Medicamen Bi (MedicamenBi)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 579.10 395.25 628.40 390.50 1.362 times
28 Thu Mar 2024 383.10 485.00 509.40 356.75 1.3 times
29 Thu Feb 2024 486.90 550.00 598.25 470.30 1.85 times
31 Wed Jan 2024 542.40 614.00 614.00 525.95 0.601 times

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 Medicamen Bi (MedicamenBi)

Indicator Name Indicator Value Indicator Signal
ADX 60, 8, 76 Buy
MACD 28, -1Buy
Stochastics 91Buy
CCI 180Buy
RSI 67Buy
OBV 26901Sell
VWAP 561Buy
ADL 0Sell
ROC 39Buy
Force Index 0Sell

Price action analysis of Medicamen Bi ( (MedicamenBi) ) 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 Medicamen Bi ( (MedicamenBi) ) 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 Medicamen Bi ( (MedicamenBi) ) based on a short to mid 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 Medicamen Bi ( (MedicamenBi) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Medicamen Bi stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Medicamen Bi in short term and the buy signal is strong.

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

Medicamen Bi Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 buy signal for Medicamen Bi 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 negative zone. This is the SELL zone

Stock of Medicamen Bi is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 561.48 and Medicamen Bi (MedicamenBi) 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 Medicamen Bi (MedicamenBi) stock. Volume based technical analysis of Medicamen Bi (MedicamenBi) stock is negative.

Medicamen Bi 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.

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