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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 26

Date Daily Closing Price Open High Low Volume
24 Fri Sep 2021 3.57 3.59 3.59 3.57 17.462 times
22 Wed Sep 2021 3.42 3.42 3.42 3.42 3.846 times
20 Mon Sep 2021 3.42 3.42 3.42 3.42 3.846 times
16 Mon Aug 2021 3.42 3.42 3.42 3.42 0.038 times
03 Tue Aug 2021 3.60 3.60 3.60 3.60 0.038 times
02 Mon Aug 2021 3.60 3.60 3.60 3.60 0.769 times
30 Fri Jul 2021 3.60 3.60 3.60 3.60 0.115 times
26 Mon Jul 2021 3.60 3.60 3.60 3.60 0.385 times
12 Mon Jul 2021 3.60 3.60 3.60 3.60 0.423 times
09 Fri Jul 2021 3.60 3.60 3.60 3.60 0.385 times

Stock of Meglon (Meglon) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 3.5 or till 3.4. Use a stoploss of 3.58 and if the stock hits stoploss, then it can shoot up till 3.68

Share price targets for Meglon (Meglon)

Target Type Value
Downside Target 3.42
Downside Target 3.50
Upside Target 3.59
Upside Target 3.60
Upside Target 3.96

Intraday share price targets for Meglon (Meglon)

Target Type Value
Downside Intraday Target 3.46
Downside Intraday Target 3.36
Upside Intraday Target 3.63
Upside Intraday Target 3.7
Downside Intraday Target 3.53

Weekly technical analysis of Meglon (Meglon)

Date Weekly Closing Price Open High Low Volume
24 Fri Sep 2021 3.57 3.42 3.59 3.42 654 times
16 Mon Aug 2021 3.42 3.42 3.42 3.42 0.048 times
03 Tue Aug 2021 3.60 3.60 3.60 3.60 1.615 times
30 Fri Jul 2021 3.60 3.60 3.60 3.60 1.182 times
12 Mon Jul 2021 3.60 3.60 3.60 3.60 0.093 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 Meglon (Meglon)

Date Monthly Closing Price Open High Low Volume
24 Fri Sep 2021 3.57 3.42 3.59 3.42 29.727 times
16 Mon Aug 2021 3.42 3.60 3.60 3.42 0.629 times
30 Fri Jul 2021 3.60 3.60 3.60 3.60 0.023 times
21 Mon Jun 2021 3.60 3.67 3.96 3.60 1517 times

Scroll below to view daily charts

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

Indicators analysis of Meglon (Meglon)

Indicator Name Indicator Value Indicator Signal
ADX 100, 83, 9 Buy
MACD -0, -0Buy
Stochastics 28Sell
CCI 30Buy
RSI 39Sell
OBV 456Sell
VWAP 4Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Meglon ( (Meglon) ) based on a short term time period is

Price action analysis of Meglon ( (Meglon) ) based on a short term time period is

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

ADX buy sell signal for Meglon stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Meglon 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.

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 in or above the red cloud Prices appear to be moving up

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

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

MRSI is in negative zone. This is the SELL zone

Stock of Meglon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3.53 and Meglon (Meglon) 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 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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