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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)

Showing technical analysis as on 2023-03-16 View latest technical analysis

10 day averaged volume of Mrcexim is 42337

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	53.46	55.10	55.10	52.60	1.344 times
15 Wed Mar 2023	54.11	58.00	58.00	53.14	2.172 times
14 Tue Mar 2023	55.93	58.00	58.00	55.00	0.119 times
13 Mon Mar 2023	57.00	58.00	58.10	56.20	0.075 times
10 Fri Mar 2023	57.32	57.00	57.60	54.02	1.135 times
09 Thu Mar 2023	55.10	56.42	56.42	52.75	1.569 times
08 Wed Mar 2023	53.74	56.70	56.80	53.50	0.457 times
06 Mon Mar 2023	55.96	58.00	58.00	54.55	0.991 times
03 Fri Mar 2023	55.72	59.00	59.00	55.25	0.495 times
02 Thu Mar 2023	58.03	59.00	59.00	56.90	0.492 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 52.6, for a target of 55 or 57.02

Share price targets for Mrcexim (Mrcexim)

Target Type	Value
Downside Target	40.45
Downside Target	50.50
Downside Target	52.60
Upside Target	54.70
Upside Target	56.00
Upside Target	58.00
Upside Target	60.50
Upside Target	61.50
Upside Target	62.70
Upside Target	68.75
Upside Target	72.75
Upside Target	78.00

Intraday share price targets for Mrcexim (Mrcexim)

Target Type	Value
Downside Intraday Target	51.34
Downside Intraday Target	49.22
Upside Intraday Target	56.84
Upside Intraday Target	60.22
Upside Intraday Target	54.72

Weekly technical analysis of Mrcexim (Mrcexim)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	53.46	58.00	58.10	52.60	0.894 times
10 Fri Mar 2023	57.32	58.00	58.00	52.75	0.534 times
03 Fri Mar 2023	55.72	55.75	60.50	54.70	1.205 times
24 Fri Feb 2023	57.50	60.00	62.70	56.25	0.597 times
17 Fri Feb 2023	60.00	51.50	61.50	40.45	1.406 times

Price has moved down 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 Mrcexim (Mrcexim)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	53.46	59.00	59.00	52.60	0.377 times
28 Tue Feb 2023	57.45	56.00	62.70	40.45	2.542 times
31 Tue Jan 2023	53.00	65.25	68.75	50.50	0.604 times
30 Fri Dec 2022	65.05	67.80	72.75	56.00	0.93 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mrcexim ( (Mrcexim) ) 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 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 gaining momentum.

MACD generated a SELL signal for Mrcexim in short term and the sell signal is strong.

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 green color and prices are in or below the green 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.14 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.