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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 2024-05-23 View latest technical analysis

10 day averaged volume of Medico is 65628

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	38.23	38.82	38.82	37.80	0.07 times
22 Wed May 2024	38.06	38.55	39.25	38.00	0.236 times
21 Tue May 2024	38.54	39.49	39.49	38.20	0.329 times
18 Sat May 2024	39.04	39.68	39.98	39.00	0.102 times
17 Fri May 2024	39.67	40.50	40.65	39.01	0.126 times
16 Thu May 2024	40.44	39.98	41.40	39.15	0.391 times
15 Wed May 2024	40.26	38.20	40.27	36.45	2.05 times
14 Tue May 2024	38.36	40.34	40.34	38.36	1.565 times
13 Mon May 2024	40.37	43.30	43.30	40.37	0.745 times
10 Fri May 2024	42.49	44.10	44.10	41.90	2.467 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.2, but if it comes above 39.2, then a intra day buy could be more profitable.
If you take a sell trade below 39.2, then use 39.2 as stoploss and 35.5 as target. However if you take a buy trade in stock , then use 39.2 as stoploss and 42.27 as target.

Share price targets for Medico (Medico)

Target Type	Value
Downside Target	36.45
Downside Target	37.80
Upside Target	39.49
Upside Target	41.47
Upside Target	43.30
Upside Target	44.21
Upside Target	47.20
Upside Target	48.60
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	37.52
Downside Intraday Target	36.82
Upside Intraday Target	39.21
Upside Intraday Target	40.2
Upside Intraday Target	38.51

Weekly technical analysis of Medico (Medico)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	38.23	39.49	39.49	37.80	0.127 times
18 Sat May 2024	39.04	43.30	43.30	36.45	0.841 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

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
23 Thu May 2024	38.23	45.50	47.20	36.45	2.163 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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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 40.42 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.