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

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

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Morepen Lab is 753227

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	49.55	49.01	49.73	48.00	0.74 times
28 Wed Feb 2024	49.05	51.73	51.79	48.81	1.131 times
27 Tue Feb 2024	51.55	51.87	52.44	51.19	0.932 times
26 Mon Feb 2024	51.83	53.78	53.78	51.65	1.199 times
23 Fri Feb 2024	53.40	53.97	54.94	52.80	0.827 times
22 Thu Feb 2024	53.10	53.41	53.41	52.00	0.678 times
21 Wed Feb 2024	53.20	54.45	54.47	52.60	1.115 times
20 Tue Feb 2024	54.18	54.62	56.35	53.62	0.975 times
19 Mon Feb 2024	54.06	53.47	54.78	53.00	0.888 times
16 Fri Feb 2024	52.77	50.28	53.88	50.28	1.717 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.4, but if it comes above 50.4, then a intra day buy could be more profitable.
If you take a sell trade below 50.4, then use 50.4 as stoploss and 48.2 as target. However if you take a buy trade in stock , then use 50.4 as stoploss and 52.19 as target.

Share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Target	31.31
Downside Target	33.25
Downside Target	38.06
Downside Target	42.01
Downside Target	43.42
Downside Target	45.50
Downside Target	47.17
Upside Target	50.77
Upside Target	52.00
Upside Target	53.88
Upside Target	56.19
Upside Target	56.33
Upside Target	56.35

Intraday share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Intraday Target	47.11
Downside Intraday Target	44.66
Upside Intraday Target	52.89
Upside Intraday Target	56.22
Upside Intraday Target	50.44

Weekly technical analysis of Morepen Lab (MorepenLab)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	49.55	53.78	53.78	48.00	0.893 times
23 Fri Feb 2024	53.40	53.47	56.35	52.00	0.89 times
16 Fri Feb 2024	52.77	52.03	53.88	47.17	0.839 times
09 Fri Feb 2024	51.99	53.38	56.33	50.77	0.444 times
02 Fri Feb 2024	52.85	45.94	56.19	45.50	3.539 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 Morepen Lab (MorepenLab)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	49.55	53.82	56.35	47.17	1.073 times
31 Wed Jan 2024	52.81	49.51	53.58	43.42	0.95 times
29 Fri Dec 2023	48.53	46.01	52.94	42.01	0.847 times
30 Thu Nov 2023	45.76	33.49	48.00	33.25	4.952 times

Scroll below to view daily charts

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 Morepen Lab (MorepenLab)

Price action analysis of Morepen Lab ( (MorepenLab) ) 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 Morepen Lab ( (MorepenLab) ) 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 Morepen Lab ( (MorepenLab) ) based on a mid to longer 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.

ADX buy sell signal for Morepen Lab stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Morepen Lab in short term but the sell signal is initial and weak.

Morepen Lab Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Morepen Lab in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Morepen Lab is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.27 and Morepen Lab (MorepenLab) 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 Morepen Lab (MorepenLab) stock. Volume based technical analysis of Morepen Lab (MorepenLab) stock is negative.

Morepen Lab 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.