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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 16395

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 519.60 518.70 530.15 513.95 0.066 times
07 Tue May 2024 515.20 550.00 550.00 513.20 0.064 times
06 Mon May 2024 541.65 551.20 563.65 519.00 0.266 times
03 Fri May 2024 538.80 559.95 567.00 531.05 0.532 times
02 Thu May 2024 559.00 573.95 584.75 550.95 0.489 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 532.4 as stoploss in an intra day sell trade for a target of 471.37. However, stock will show a bullish move above 532.4.

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 456.20
Downside Target 470.30
Downside Target 496.00
Upside Target 525.95
Upside Target 563.65
Upside Target 584.75
Upside Target 598.25
Upside Target 614.00
Upside Target 628.40

Intraday share price targets for Medicamen Bi (MedicamenBi)

Target Type Value
Downside Intraday Target 500.65
Downside Intraday Target 481.7
Upside Intraday Target 551.1
Upside Intraday Target 582.6
Upside Intraday Target 532.15

Weekly technical analysis of Medicamen Bi (MedicamenBi)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 519.60 551.20 563.65 513.20 0.046 times
03 Fri May 2024 538.80 502.10 628.40 500.00 5.997 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

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 Medicamen Bi (MedicamenBi)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 519.60 573.95 584.75 513.20 0.136 times
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

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 Medicamen Bi (MedicamenBi)

Indicator Name Indicator Value Indicator Signal
ADX 36, 18, 33 Buy
MACD 40, 31Buy
Stochastics 52None
CCI 5Sell
RSI 58Buy
OBV 11541Sell
VWAP 569Sell
ADL 0Sell
ROC 20Buy
Force Index 0Sell

Price action analysis of Medicamen Bi ( (MedicamenBi) ) 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 Medicamen Bi ( (MedicamenBi) ) based on a short 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 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

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

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

Medicamen Bi 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. 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 moving up

CCI has generated a SELL signal for Medicamen Bi 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 positive zone. This is a BUY zone

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 568.69 and Medicamen Bi (MedicamenBi) 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 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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