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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 2024-10-16 View latest technical analysis

10 day averaged volume of Morepen Lab is 1184706

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	90.79	89.71	92.67	89.08	0.804 times
15 Tue Oct 2024	89.24	88.61	91.60	88.60	0.932 times
14 Mon Oct 2024	88.55	88.44	89.75	87.31	0.528 times
11 Fri Oct 2024	87.56	89.24	92.74	87.25	1.617 times
10 Thu Oct 2024	88.99	87.58	90.70	86.51	0.74 times
09 Wed Oct 2024	86.92	84.84	89.50	84.08	1.087 times
08 Tue Oct 2024	83.89	78.01	84.51	77.50	0.69 times
07 Mon Oct 2024	78.39	84.56	85.40	77.42	1.888 times
03 Thu Oct 2024	84.80	85.94	86.99	83.85	0.622 times
01 Tue Oct 2024	87.72	85.51	88.44	85.51	1.657 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 89.4, but if it comes below 89.4, then a intra day sell could be more profitable.
If you take a sell trade below 89.4, then use 89.4 as stoploss and 86.78 as target. However if you take a buy trade in stock , then use 89.4 as stoploss and 92.6 as target.

Share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Target	42.01
Downside Target	51.96
Downside Target	55.50
Downside Target	59.81
Downside Target	62.09
Downside Target	77.42
Downside Target	79.30
Downside Target	82.73
Upside Target	91.60
Upside Target	92.67
Upside Target	92.74
Upside Target	94.05
Upside Target	100.80

Intraday share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Intraday Target	87.84
Downside Intraday Target	84.9
Upside Intraday Target	93.2
Upside Intraday Target	95.62
Downside Intraday Target	90.26

Weekly technical analysis of Morepen Lab (MorepenLab)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	90.79	88.44	92.67	87.31	0.376 times
11 Fri Oct 2024	87.56	84.56	92.74	77.42	2.393 times
03 Thu Oct 2024	84.80	85.30	88.44	83.85	0.736 times
27 Fri Sep 2024	86.63	86.71	91.60	84.90	0.851 times
20 Fri Sep 2024	86.35	93.69	94.05	82.73	0.464 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 Morepen Lab (MorepenLab)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	90.79	85.51	92.74	77.42	0.38 times
30 Mon Sep 2024	85.54	80.10	100.80	79.30	0.556 times
30 Fri Aug 2024	79.70	60.00	86.00	55.50	3.822 times
31 Wed Jul 2024	59.78	55.69	62.09	51.96	0.977 times

Scroll below to view daily charts

Price has moved up 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 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 Morepen Lab ( (MorepenLab) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Morepen Lab 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.

Morepen Lab Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Morepen Lab in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 86.02 and Morepen Lab (MorepenLab) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 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.