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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 2024-03-20 View latest technical analysis

10 day averaged volume of Morepen Lab is 692201

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	41.13	41.87	42.00	40.23	0.322 times
19 Tue Mar 2024	41.05	42.32	42.44	40.87	0.384 times
18 Mon Mar 2024	42.08	42.78	42.95	41.61	0.595 times
15 Fri Mar 2024	41.96	43.36	43.65	41.21	0.795 times
14 Thu Mar 2024	42.63	38.63	43.12	38.63	1.495 times
13 Wed Mar 2024	39.42	42.99	43.54	38.56	1.952 times
12 Tue Mar 2024	42.90	44.10	44.85	42.31	1.498 times
11 Mon Mar 2024	44.35	47.03	47.03	44.08	1.316 times
07 Thu Mar 2024	46.61	45.72	47.48	45.72	0.713 times
06 Wed Mar 2024	46.52	48.41	48.64	45.97	0.688 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.4, but if it comes above 42.4, then a intra day buy could be more profitable.
If you take a sell trade below 42.4, then use 42.4 as stoploss and 37.2 as target. However if you take a buy trade in stock , then use 42.4 as stoploss and 46.74 as target.

Share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Target	33.25
Downside Target	38.56
Downside Target	40.23
Upside Target	42.01
Upside Target	42.95
Upside Target	45.72
Upside Target	47.03
Upside Target	51.00
Upside Target	52.00
Upside Target	52.94
Upside Target	53.58
Upside Target	53.78
Upside Target	56.35

Intraday share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Intraday Target	39.92
Downside Intraday Target	38.72
Upside Intraday Target	42.64
Upside Intraday Target	44.16
Upside Intraday Target	41.44

Weekly technical analysis of Morepen Lab (MorepenLab)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	41.13	42.78	42.95	40.23	0.184 times
15 Fri Mar 2024	41.96	47.03	47.03	38.56	2.893 times
07 Thu Mar 2024	46.61	50.99	51.00	45.72	0.488 times
02 Sat Mar 2024	50.77	53.78	53.78	48.00	1.025 times
23 Fri Feb 2024	53.40	53.47	56.35	52.00	0.89 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
20 Wed Mar 2024	41.13	49.69	51.55	38.56	0.387 times
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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Morepen Lab ( (MorepenLab) ) 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 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 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 Morepen Lab stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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

Stock of Morepen Lab is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.63 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.