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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 2324

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 525.50 495.00 534.40 490.00 0.84 times
15 Wed May 2024 494.85 498.30 504.80 491.00 0.919 times
14 Tue May 2024 499.55 499.05 508.70 491.15 0.324 times
13 Mon May 2024 492.80 497.95 505.10 489.15 0.17 times
10 Fri May 2024 504.10 520.90 520.90 493.80 0.614 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 548.3 as stoploss in an intra day sell trade for a target of 494.33. However, stock will show a bullish move above 548.3.

Share price targets for Medicamen Bi (MedicamenBi)

Target Type Value
Downside Target 356.75
Downside Target 390.50
Downside Target 408.00
Downside Target 425.05
Downside Target 470.30
Downside Target 489.15
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 498.3
Downside Intraday Target 471.1
Upside Intraday Target 543.55
Upside Intraday Target 561.6
Downside Intraday Target 516.35

Weekly technical analysis of Medicamen Bi (MedicamenBi)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 525.50 497.95 534.40 489.15 0.564 times
10 Fri May 2024 504.10 551.20 563.65 493.80 0.066 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

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 Medicamen Bi (MedicamenBi)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 525.50 573.95 584.75 489.15 0.183 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 32, 16, 34 Buy
MACD 26, 29Sell
Stochastics 20Sell
CCI 4Buy
RSI 57Buy
OBV 16023Sell
VWAP 526Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Medicamen Bi ( (MedicamenBi) ) based on a short 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 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Medicamen Bi in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 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 positive zone. This is a BUY 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 525.77 and Medicamen Bi (MedicamenBi) 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 Medicamen Bi (MedicamenBi) stock. Volume based technical analysis of Medicamen Bi (MedicamenBi) stock is negative.

Medicamen Bi Stock has given negative 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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