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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)

10 day averaged volume of Morepen Lab is 414520

Date Daily Closing Price Open High Low Volume
17 Fri Sep 2021 60.15 57.75 60.95 57.25 0.721 times
16 Thu Sep 2021 57.80 59.45 59.70 57.60 0.823 times
15 Wed Sep 2021 59.25 60.65 61.75 58.95 1.105 times
14 Tue Sep 2021 60.65 58.95 61.80 58.95 1.817 times
13 Mon Sep 2021 58.85 55.70 60.00 55.70 1.29 times
09 Thu Sep 2021 55.70 54.00 56.85 54.00 0.948 times
08 Wed Sep 2021 54.30 53.50 54.75 53.45 0.321 times
07 Tue Sep 2021 53.40 55.35 55.35 53.00 0.675 times
06 Mon Sep 2021 54.85 55.05 56.25 54.60 0.573 times
03 Fri Sep 2021 55.10 56.00 56.60 54.90 0.827 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.8, but if it comes below 57.8, then a intra day sell could be more profitable.
If you take a sell trade below 57.8, then use 57.8 as stoploss and 54.54 as target. However if you take a buy trade in stock , then use 57.8 as stoploss and 61.7 as target.

Share price targets for Morepen Lab (MorepenLab)

Target Type Value
Downside Target 46.90
Downside Target 51.15
Downside Target 54.70
Downside Target 56.95
Upside Target 61.80
Upside Target 63.00
Upside Target 66.20
Upside Target 72.05
Upside Target 72.40
Upside Target 75.00

Intraday share price targets for Morepen Lab (MorepenLab)

Target Type Value
Downside Intraday Target 56.63
Downside Intraday Target 53.12
Upside Intraday Target 62.73
Upside Intraday Target 65.32
Downside Intraday Target 59.22

Weekly technical analysis of Morepen Lab (MorepenLab)

Date Weekly Closing Price Open High Low Volume
17 Fri Sep 2021 60.15 55.70 61.80 55.70 2.287 times
09 Thu Sep 2021 55.70 55.05 56.85 53.00 0.635 times
03 Fri Sep 2021 55.10 52.65 56.95 51.15 0.975 times
27 Fri Aug 2021 52.15 52.15 53.60 46.90 1.889 times
20 Fri Aug 2021 52.20 55.80 55.80 51.95 0.327 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Morepen Lab (MorepenLab)

Date Monthly Closing Price Open High Low Volume
17 Fri Sep 2021 60.15 52.40 61.80 51.15 0.606 times
31 Tue Aug 2021 52.60 65.50 66.20 46.90 0.633 times
30 Fri Jul 2021 65.35 63.40 75.00 63.00 0.674 times
30 Wed Jun 2021 62.75 55.20 72.40 52.55 1.119 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)

Indicator Name Indicator Value Indicator Signal
ADX 29, 17, 27 Buy
MACD -0, -1Buy
Stochastics 72Buy
CCI 71Buy
RSI 57Buy
OBV 1531553Sell
VWAP 58Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Morepen Lab 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.

Morepen Lab Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 and the buying is gaining 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 57.78 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 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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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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