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

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

Showing technical analysis as on 2023-09-20 View latest technical analysis

10 day averaged volume of Medico is 23833

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	70.52	70.73	71.33	69.80	0.109 times
18 Mon Sep 2023	69.96	71.49	71.49	69.50	0.209 times
15 Fri Sep 2023	69.80	70.96	70.97	68.93	0.068 times
14 Thu Sep 2023	69.72	73.95	73.95	69.70	3.38 times
13 Wed Sep 2023	72.20	73.68	75.41	72.20	1.188 times
12 Tue Sep 2023	74.69	74.44	74.90	71.44	0.548 times
11 Mon Sep 2023	75.19	74.95	75.86	73.16	0.296 times
08 Fri Sep 2023	73.16	72.90	73.20	72.90	1.229 times
07 Thu Sep 2023	72.93	75.06	75.50	72.20	2.383 times
06 Wed Sep 2023	75.50	78.00	78.30	74.85	0.179 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 72, but if it comes above 72, then a intra day buy could be more profitable.
If you take a sell trade below 72, then use 72 as stoploss and 67.3 as target. However if you take a buy trade in stock , then use 72 as stoploss and 75.88 as target.

Share price targets for Medico (Medico)

Target Type	Value
Downside Target	64.60
Downside Target	67.93
Upside Target	71.49
Upside Target	75.65
Upside Target	77.90
Upside Target	80.00
Upside Target	81.10
Upside Target	81.99
Upside Target	83.49
Upside Target	90.55
Upside Target	100.79

Intraday share price targets for Medico (Medico)

Target Type	Value
Downside Intraday Target	69.52
Downside Intraday Target	68.51
Upside Intraday Target	71.51
Upside Intraday Target	72.49
Downside Intraday Target	70.5

Weekly technical analysis of Medico (Medico)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	70.52	71.49	71.49	69.50	0.058 times
15 Fri Sep 2023	69.80	74.95	75.86	68.93	1.057 times
08 Fri Sep 2023	73.16	78.40	80.00	72.20	0.697 times
01 Fri Sep 2023	78.44	81.10	81.10	77.90	10.702 times
25 Fri Aug 2023	80.91	82.20	83.49	78.50	0.908 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 Medico (Medico)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	70.52	78.51	80.00	68.93	0.998 times
31 Thu Aug 2023	79.61	79.65	83.49	75.65	1.517 times
31 Mon Jul 2023	79.20	76.23	81.99	67.93	0.45 times
30 Fri Jun 2023	76.22	88.35	90.55	64.60	1.297 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 Medico (Medico)

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

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

Medico 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 Medico in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.84 and Medico (Medico) 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 Medico (Medico) stock. Volume based technical analysis of Medico (Medico) stock is negative.

Medico 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.