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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 2024-05-16 View latest technical analysis

10 day averaged volume of Medico is 70451

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 40.44 39.98 41.40 39.15 0.364 times
15 Wed May 2024 40.26 38.20 40.27 36.45 1.91 times
14 Tue May 2024 38.36 40.34 40.34 38.36 1.458 times
13 Mon May 2024 40.37 43.30 43.30 40.37 0.694 times
10 Fri May 2024 42.49 44.10 44.10 41.90 2.298 times
09 Thu May 2024 42.00 42.90 43.13 41.55 1.853 times
08 Wed May 2024 42.95 43.70 44.80 41.47 0.696 times
07 Tue May 2024 43.64 45.50 45.50 43.01 0.376 times
06 Mon May 2024 45.27 46.05 46.05 44.62 0.293 times
03 Fri May 2024 46.00 47.20 47.20 45.26 0.032 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.6, but if it comes above 41.6, then a intra day buy could be more profitable.
If you take a sell trade below 41.6, then use 41.6 as stoploss and 38.1 as target. However if you take a buy trade in stock , then use 41.6 as stoploss and 44.52 as target.

Share price targets for Medico (Medico)

Target Type Value
Downside Target 36.45
Upside Target 41.47
Upside Target 43.30
Upside Target 44.21
Upside Target 47.20
Upside Target 48.60
Upside Target 49.00
Upside Target 49.70
Upside Target 78.00
Upside Target 79.65
Upside Target 90.00
Upside Target 90.80
Upside Target 91.97

Intraday share price targets for Medico (Medico)

Target Type Value
Downside Intraday Target 36.83
Downside Intraday Target 33.21
Upside Intraday Target 43.68
Upside Intraday Target 46.91
Downside Intraday Target 40.06

Weekly technical analysis of Medico (Medico)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 40.44 43.30 43.30 36.45 0.802 times
10 Fri May 2024 42.49 46.05 46.05 41.47 8.272 times
03 Fri May 2024 46.00 47.00 47.20 44.21 0.886 times
26 Fri Apr 2024 46.55 48.60 48.60 45.60 0.555 times
19 Fri Apr 2024 47.91 45.01 49.00 44.53 0.877 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 Medico (Medico)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 40.44 45.50 47.20 36.45 2.007 times
30 Tue Apr 2024 45.52 49.70 49.70 44.53 0.078 times
28 Thu Mar 2024 49.28 87.00 90.00 44.95 14.795 times
29 Thu Feb 2024 86.92 82.19 90.80 78.00 0.816 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 losing momentum.

MACD generated a BUY signal for Medico 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.

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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.31 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.

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 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 losing momentum.

MACD generated a BUY signal for Medico 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.

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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.31 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.

Click here for Medico charts

Click here for further forecast and predictions for tomorrow

Daily charts

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