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

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

Mei Pharma trades in USA in Health Care sector.

Showing technical analysis as on 2024-10-14 View latest technical analysis

10 day averaged volume of Mei Pharma is 14470

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	2.67	2.67	2.70	2.63	1.693 times
11 Fri Oct 2024	2.70	2.72	2.74	2.65	3.573 times
10 Thu Oct 2024	2.70	2.70	2.73	2.67	0.553 times
09 Wed Oct 2024	2.68	2.70	2.73	2.61	1.368 times
08 Tue Oct 2024	2.71	2.79	2.82	2.71	0.712 times
07 Mon Oct 2024	2.77	2.83	2.86	2.77	0.518 times
04 Fri Oct 2024	2.81	2.79	2.85	2.79	0.504 times
03 Thu Oct 2024	2.75	2.76	2.79	2.75	0.719 times
02 Wed Oct 2024	2.75	2.79	2.84	2.75	0.947 times
01 Tue Oct 2024	2.80	2.89	2.89	2.80	0.318 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.7, but if it comes above 2.7, then a intra day buy could be more profitable.
If you take a sell trade below 2.7, then use 2.7 as stoploss and 2.6 as target. However if you take a buy trade in stock , then use 2.7 as stoploss and 2.84 as target.

Share price targets for Mei Pharma (MEIP)

Target Type	Value
Downside Target	2.61
Upside Target	2.70
Upside Target	2.90
Upside Target	2.99
Upside Target	3.00
Upside Target	3.03
Upside Target	3.25
Upside Target	3.33
Upside Target	3.67
Upside Target	4.10

Intraday share price targets for Mei Pharma (MEIP)

Target Type	Value
Downside Intraday Target	2.63
Downside Intraday Target	2.6
Upside Intraday Target	2.7
Upside Intraday Target	2.74
Downside Intraday Target	2.67

Weekly technical analysis of Mei Pharma (MEIP)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	2.67	2.67	2.70	2.63	0.252 times
11 Fri Oct 2024	2.70	2.83	2.86	2.61	2.053 times
04 Fri Oct 2024	2.81	2.90	2.90	2.75	0.497 times
27 Fri Sep 2024	2.90	2.94	3.00	2.83	0.68 times
20 Fri Sep 2024	2.98	3.03	3.25	2.90	1.987 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 Mei Pharma (MEIP)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	2.67	2.89	2.89	2.61	0.45 times
30 Mon Sep 2024	2.85	3.13	3.33	2.81	0.964 times
30 Fri Aug 2024	3.10	3.67	3.67	3.03	0.064 times
31 Wed Jul 2024	3.71	2.84	4.10	2.78	13.655 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 Mei Pharma (MEIP)

Price action analysis of Mei Pharma ( (MEIP) ) 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 Mei Pharma ( (MEIP) ) 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 Mei Pharma ( (MEIP) ) 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 Mei Pharma stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Mei Pharma 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mei Pharma is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.71 and Mei Pharma (MEIP) 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 Mei Pharma (MEIP) stock. Volume based technical analysis of Mei Pharma (MEIP) stock is negative.

Mei Pharma 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.