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

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

10 day averaged volume of Mrcexim is 36871

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	13.77	13.77	13.99	13.77	1.069 times
28 Thu Sep 2023	14.05	13.93	14.21	13.93	1.799 times
27 Wed Sep 2023	14.21	14.21	14.21	14.21	2.126 times
26 Tue Sep 2023	14.50	14.04	14.50	14.04	3.122 times
25 Mon Sep 2023	14.32	14.60	14.60	14.32	0.37 times
22 Fri Sep 2023	14.61	14.61	14.61	14.61	0.231 times
21 Thu Sep 2023	14.90	15.20	15.20	14.90	0.571 times
20 Wed Sep 2023	15.20	15.20	15.20	15.20	0.212 times
18 Mon Sep 2023	15.51	15.51	15.70	15.51	0.418 times
15 Fri Sep 2023	15.82	15.82	15.82	15.82	0.373 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.4, but if it comes above 14.4, then a intra day buy could be more profitable.
If you take a sell trade below 14.4, then use 14.4 as stoploss and 13.2 as target. However if you take a buy trade in stock , then use 14.4 as stoploss and 15.47 as target.

Share price targets for Mrcexim (Mrcexim)

Target Type	Value
Downside Target	13.77
Upside Target	14.60
Upside Target	14.91
Upside Target	15.70
Upside Target	16.15
Upside Target	17.14
Upside Target	18.29
Upside Target	21.75
Upside Target	32.43
Upside Target	36.67
Upside Target	38.60
Upside Target	43.96
Upside Target	64.95

Intraday share price targets for Mrcexim (Mrcexim)

Target Type	Value
Downside Intraday Target	13.49
Downside Intraday Target	13.22
Upside Intraday Target	14.32
Upside Intraday Target	14.88
Upside Intraday Target	14.05

Weekly technical analysis of Mrcexim (Mrcexim)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	13.77	14.60	14.60	13.77	5.926 times
22 Fri Sep 2023	14.61	15.51	15.70	14.61	0.416 times
15 Fri Sep 2023	15.82	15.83	15.83	14.91	0.365 times
08 Fri Sep 2023	16.15	16.81	17.14	16.15	1.205 times
01 Fri Sep 2023	17.15	18.57	18.57	17.15	0.625 times

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

Monthly technical analysis of Mrcexim (Mrcexim)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	13.77	17.15	17.15	13.77	0.184 times
31 Thu Aug 2023	17.49	20.75	21.75	13.85	3.725 times
31 Mon Jul 2023	20.77	36.67	36.67	18.29	0.461 times
30 Fri Jun 2023	38.60	44.90	64.95	38.60	3.369 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 Mrcexim (Mrcexim)

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

MACD generated a BUY signal for Mrcexim 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.

Mrcexim Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Mrcexim in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mrcexim is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14.41 and Mrcexim (Mrcexim) 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 Mrcexim (Mrcexim) stock. Volume based technical analysis of Mrcexim (Mrcexim) stock is negative.

Mrcexim 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.