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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 2024-10-29 View latest technical analysis

10 day averaged volume of Morepen Lab is 1246063

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	77.40	79.09	79.09	75.60	0.311 times
28 Mon Oct 2024	77.68	75.11	78.30	73.70	0.521 times
25 Fri Oct 2024	74.56	76.93	76.93	72.73	0.603 times
24 Thu Oct 2024	76.16	80.37	81.20	75.65	0.822 times
23 Wed Oct 2024	80.25	76.51	81.30	76.51	1.443 times
22 Tue Oct 2024	77.55	82.00	82.00	77.00	1.244 times
21 Mon Oct 2024	82.10	85.61	86.85	80.76	0.622 times
18 Fri Oct 2024	85.51	85.90	86.47	83.50	1.235 times
17 Thu Oct 2024	86.25	90.81	94.48	85.80	1.859 times
16 Wed Oct 2024	90.79	89.71	92.67	89.08	0.765 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 78.6, but if it comes above 78.6, then a intra day buy could be more profitable.
If you take a sell trade below 78.6, then use 78.6 as stoploss and 72.7 as target. However if you take a buy trade in stock , then use 78.6 as stoploss and 83.49 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	72.73
Upside Target	77.42
Upside Target	79.09
Upside Target	83.50
Upside Target	86.00
Upside Target	88.44
Upside Target	92.74
Upside Target	94.48
Upside Target	100.80

Intraday share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Intraday Target	74.37
Downside Intraday Target	71.34
Upside Intraday Target	79.76
Upside Intraday Target	82.12
Downside Intraday Target	76.73

Weekly technical analysis of Morepen Lab (MorepenLab)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	77.40	75.11	79.09	73.70	0.176 times
25 Fri Oct 2024	74.56	85.61	86.85	72.73	0.902 times
18 Fri Oct 2024	85.51	88.44	94.48	83.50	0.916 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

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
29 Tue Oct 2024	77.40	85.51	94.48	72.73	0.707 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 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 Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Morepen Lab in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 81.79 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.