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

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

Showing technical analysis as on 2024-03-11 View latest technical analysis

10 day averaged volume of is 216660

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	41.33	37.99	41.77	37.80	1.999 times
08 Fri Mar 2024	37.47	37.72	38.09	36.98	0.696 times
07 Thu Mar 2024	37.03	36.61	37.41	36.61	0.872 times
06 Wed Mar 2024	36.09	36.60	37.03	36.01	0.707 times
05 Tue Mar 2024	36.10	37.30	37.64	36.08	0.647 times
04 Mon Mar 2024	37.82	38.45	38.61	37.80	0.997 times
01 Fri Mar 2024	38.02	42.44	42.72	37.55	1.575 times
29 Thu Feb 2024	41.38	37.75	42.15	36.53	2.941 times
28 Wed Feb 2024	33.01	32.54	33.46	32.54	0.584 times
27 Tue Feb 2024	33.05	32.83	33.33	32.73	0.559 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 41.4, for a target of 38 or 35.12

Share price targets for (MEG)

Target Type	Value
Downside Target	22.22
Downside Target	25.98
Downside Target	28.92
Downside Target	29.56
Downside Target	31.41
Downside Target	32.75
Downside Target	33.74
Downside Target	35.50
Downside Target	37.80
Downside Target	38.61
Upside Target	41.77
Upside Target	42.15
Upside Target	42.72

Intraday share price targets for (MEG)

Target Type	Value
Downside Intraday Target	38.83
Downside Intraday Target	36.33
Upside Intraday Target	42.8
Upside Intraday Target	44.27
Downside Intraday Target	40.3

Weekly technical analysis of (MEG)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	41.33	37.99	41.77	37.80	0.51 times
08 Fri Mar 2024	37.47	38.45	38.61	36.01	0.645 times
01 Fri Mar 2024	38.02	32.09	42.72	31.78	2.839 times
23 Fri Feb 2024	32.29	32.97	33.74	31.75	0.641 times
16 Fri Feb 2024	33.68	33.65	35.50	31.41	0.949 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 (MEG)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	41.33	42.44	42.72	36.01	0.507 times
29 Thu Feb 2024	41.38	29.56	42.15	29.56	0.747 times
31 Wed Jan 2024	29.21	31.76	32.75	25.98	0.974 times
29 Fri Dec 2023	32.13	31.10	33.95	28.92	0.996 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 (MEG)

Price action analysis of ( (MEG) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of ( (MEG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of ( (MEG) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of ( (MEG) ) based on a mid to longer 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.

ADX buy sell signal for stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for 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.

Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.6 and (MEG) 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 (MEG) stock. Volume based technical analysis of (MEG) stock is negative.

Stock is giving positive 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.