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

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

Madrigal Pharmaceuticals trades in USA in Health Care sector.

Showing technical analysis as on 2024-06-06 View latest technical analysis

10 day averaged volume of Madrigal Pharmaceuticals is 660640

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	241.35	236.84	241.50	219.65	0.963 times
05 Wed Jun 2024	235.97	213.00	236.84	208.60	3.109 times
04 Tue Jun 2024	244.35	240.00	251.59	238.14	1.361 times
03 Mon Jun 2024	245.49	237.73	245.55	235.78	0.498 times
31 Fri May 2024	236.16	226.29	236.72	221.88	0.527 times
30 Thu May 2024	225.49	225.89	228.88	223.72	0.355 times
29 Wed May 2024	222.51	220.50	224.55	219.39	0.399 times
28 Tue May 2024	223.29	233.55	233.55	222.72	1.223 times
23 Thu May 2024	234.85	235.19	239.03	226.78	0.677 times
22 Wed May 2024	235.06	241.00	250.34	232.40	1.241 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 238.8, but if it comes below 238.8, then a intra day sell could be more profitable.
If you take a sell trade below 238.8, then use 238.8 as stoploss and 225.53 as target. However if you take a buy trade in stock , then use 238.8 as stoploss and 254.7 as target.

Share price targets for Madrigal Pharmaceuticals (MDGL)

Target Type	Value
Downside Target	168.25
Downside Target	189.00
Downside Target	200.08
Downside Target	205.99
Downside Target	218.90
Downside Target	236.62
Upside Target	250.34
Upside Target	251.59
Upside Target	261.99
Upside Target	268.04
Upside Target	299.98

Intraday share price targets for Madrigal Pharmaceuticals (MDGL)

Target Type	Value
Downside Intraday Target	216.1
Downside Intraday Target	190.86
Upside Intraday Target	259.09
Upside Intraday Target	276.84
Downside Intraday Target	233.85

Weekly technical analysis of Madrigal Pharmaceuticals (MDGL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	241.35	237.73	251.59	208.60	2.369 times
31 Fri May 2024	236.16	233.55	236.72	219.39	0.834 times
23 Thu May 2024	234.85	221.69	250.34	218.90	1.42 times
17 Fri May 2024	220.06	208.78	221.52	205.99	0.561 times
10 Fri May 2024	205.25	231.95	236.65	200.08	1.177 times

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

Monthly technical analysis of Madrigal Pharmaceuticals (MDGL)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	241.35	237.73	251.59	208.60	0.443 times
31 Fri May 2024	236.16	203.36	250.34	200.08	0.983 times
30 Tue Apr 2024	204.02	267.28	268.04	189.00	0.623 times
28 Thu Mar 2024	267.04	237.38	299.98	236.62	1.022 times

Scroll below to view daily charts

Price has moved up 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 Madrigal Pharmaceuticals (MDGL)

Price action analysis of Madrigal Pharmaceuticals ( (MDGL) ) 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 Madrigal Pharmaceuticals ( (MDGL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Madrigal Pharmaceuticals ( (MDGL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Madrigal Pharmaceuticals ( (MDGL) ) 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 Madrigal Pharmaceuticals stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Madrigal Pharmaceuticals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Madrigal Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Madrigal Pharmaceuticals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Madrigal Pharmaceuticals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 235.48 and Madrigal Pharmaceuticals (MDGL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Madrigal Pharmaceuticals (MDGL) stock. Volume based technical analysis of Madrigal Pharmaceuticals (MDGL) stock is negative.

Madrigal Pharmaceuticals 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.