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

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

10 day averaged volume of Meglon is 3399

Date Daily Closing Price Open High Low Volume
05 Mon Sep 2022 2.29 2.19 2.29 2.19 0.109 times
29 Mon Aug 2022 2.19 1.99 2.19 1.99 0.153 times
22 Mon Aug 2022 2.09 2.13 2.13 2.09 0.015 times
16 Tue Aug 2022 2.09 2.20 2.31 2.09 3.605 times
08 Mon Aug 2022 2.20 2.31 2.42 2.20 0.194 times
01 Mon Aug 2022 2.31 2.31 2.31 2.31 0.542 times
25 Mon Jul 2022 2.43 2.40 2.64 2.40 2.701 times
18 Mon Jul 2022 2.52 2.52 2.52 2.52 1.19 times
11 Mon Jul 2022 2.65 2.65 2.65 2.65 0.404 times
04 Mon Jul 2022 2.78 2.78 2.78 2.78 0.386 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.2 as stoploss in an intra day buy trade for a target of 3.02. However, stock will show a bearish move below 2.2.

Share price targets for Meglon (Meglon)

Target Type Value
Downside Target 1.99
Downside Target 2.09
Downside Target 2.19
Downside Target 2.29
Upside Target 2.40
Upside Target 2.42
Upside Target 2.78
Upside Target 2.92
Upside Target 3.39
Upside Target 3.56
Upside Target 4.78

Intraday share price targets for Meglon (Meglon)

Target Type Value
Downside Intraday Target 2.22
Downside Intraday Target 2.16
Upside Intraday Target 2.32
Upside Intraday Target 2.36
Downside Intraday Target 2.26

Weekly technical analysis of Meglon (Meglon)

Date Weekly Closing Price Open High Low Volume
05 Mon Sep 2022 2.29 2.19 2.29 2.19 0.717 times
29 Mon Aug 2022 2.19 1.99 2.19 1.99 10.38 times
22 Mon Aug 2022 2.09 2.13 2.13 2.09 0.004 times
16 Tue Aug 2022 2.09 2.31 2.42 2.09 7.014 times
01 Mon Aug 2022 2.31 2.31 2.31 2.31 0.201 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 Meglon (Meglon)

Date Monthly Closing Price Open High Low Volume
05 Mon Sep 2022 2.29 2.19 2.29 2.19 0.024 times
29 Mon Aug 2022 2.19 2.31 2.42 1.99 0.963 times
25 Mon Jul 2022 2.43 2.78 2.78 2.40 3.269 times
27 Mon Jun 2022 2.92 3.39 3.39 2.92 2.082 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 Meglon (Meglon)

Price action analysis of Meglon ( (Meglon) ) 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 Meglon ( (Meglon) ) 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 Meglon ( (Meglon) ) 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 Meglon ( (Meglon) ) 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 Meglon stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Meglon in short term

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Meglon 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 moving up

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

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 Meglon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.32 and Meglon (Meglon) 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 Meglon (Meglon) stock. Volume based technical analysis of Meglon (Meglon) stock is negative.

Meglon 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.

Price action analysis of Meglon ( (Meglon) ) 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 Meglon ( (Meglon) ) 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 Meglon ( (Meglon) ) 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 Meglon ( (Meglon) ) 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 Meglon stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Meglon in short term

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Meglon 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 moving up

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

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 Meglon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.32 and Meglon (Meglon) 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 Meglon (Meglon) stock. Volume based technical analysis of Meglon (Meglon) stock is negative.

Meglon 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.

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Daily charts

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Daily chart
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