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

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

10 day averaged volume of Medico is 69475

Date Daily Closing Price Open High Low Volume
20 Mon May 2024 39.04 39.68 39.98 39.00 0.097 times
17 Fri May 2024 39.67 40.50 40.65 39.01 0.119 times
16 Thu May 2024 40.44 39.98 41.40 39.15 0.369 times
15 Wed May 2024 40.26 38.20 40.27 36.45 1.936 times
14 Tue May 2024 38.36 40.34 40.34 38.36 1.478 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.6, but if it comes above 40.6, then a intra day buy could be more profitable.
If you take a sell trade below 40.6, then use 40.6 as stoploss and 37 as target. However if you take a buy trade in stock , then use 40.6 as stoploss and 43.64 as target.

Share price targets for Medico (Medico)

Target Type Value
Downside Target 36.45
Downside Target 39.00
Upside Target 39.98
Upside Target 41.47
Upside Target 43.30
Upside Target 44.21
Upside Target 47.20
Upside Target 48.60
Upside Target 49.70
Upside Target 78.00
Upside Target 79.65
Upside Target 90.00
Upside Target 90.80
Upside Target 91.97

Intraday share price targets for Medico (Medico)

Target Type Value
Downside Intraday Target 38.7
Downside Intraday Target 38.36
Upside Intraday Target 39.68
Upside Intraday Target 40.32
Upside Intraday Target 39.34

Weekly technical analysis of Medico (Medico)

Date Weekly Closing Price Open High Low Volume
20 Mon May 2024 39.04 39.68 39.98 39.00 0.021 times
17 Fri May 2024 39.67 43.30 43.30 36.45 0.824 times
10 Fri May 2024 42.49 46.05 46.05 41.47 8.272 times
03 Fri May 2024 46.00 47.00 47.20 44.21 0.886 times
26 Fri Apr 2024 46.55 48.60 48.60 45.60 0.555 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 Medico (Medico)

Date Monthly Closing Price Open High Low Volume
20 Mon May 2024 39.04 45.50 47.20 36.45 2.049 times
30 Tue Apr 2024 45.52 49.70 49.70 44.53 0.078 times
28 Thu Mar 2024 49.28 87.00 90.00 44.95 14.795 times
29 Thu Feb 2024 86.92 82.19 90.80 78.00 0.816 times

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Medico (Medico)

Indicator Name Indicator Value Indicator Signal
ADX 11, 33, 52 Sell
MACD -9, -9Buy
Stochastics 33None
CCI -73Sell
RSI 46Sell
OBV -139372Sell
VWAP 41Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

Price action analysis of Medico ( (Medico) ) based on a short 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.

Price action analysis of Medico ( (Medico) ) 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 Medico ( (Medico) ) based on a short to mid 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 Medico ( (Medico) ) 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 Medico stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Medico in short term but the buy signal is initial and weak.

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

Medico 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. Bears 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 SELL signal for Medico in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Medico is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.14 and Medico (Medico) 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 Medico (Medico) stock. Volume based technical analysis of Medico (Medico) stock is negative.

Medico 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.

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