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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 2024-12-16 View latest technical analysis

10 day averaged volume of Mei Pharma is 12351

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	2.63	2.61	2.68	2.54	4.652 times
13 Fri Dec 2024	2.70	2.65	2.70	2.62	1.14 times
12 Thu Dec 2024	2.70	2.70	2.73	2.66	0.94 times
11 Wed Dec 2024	2.70	2.79	2.79	2.65	0.845 times
10 Tue Dec 2024	2.80	2.77	2.89	2.76	0.628 times
09 Mon Dec 2024	2.80	2.71	2.82	2.71	0.795 times
26 Tue Nov 2024	2.84	2.77	2.87	2.77	0.785 times
26 Tue Nov 2024	2.84	2.77	2.87	2.77	0.785 times
25 Mon Nov 2024	2.76	2.78	2.84	2.75	1.538 times
22 Fri Nov 2024	2.78	2.79	2.83	2.77	1.004 times

Stock of Mei Pharma (MEIP) has showed a significant fall. This could be a good time to exit from this stock.

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 2.5 as target. However if you take a buy trade in stock , then use 2.7 as stoploss and 2.86 as target.

Share price targets for Mei Pharma (MEIP)

Target Type	Value
Downside Target	2.54
Downside Target	2.61
Upside Target	2.68
Upside Target	2.75
Upside Target	2.87
Upside Target	2.89
Upside Target	3.00
Upside Target	3.03
Upside Target	3.15
Upside Target	3.29
Upside Target	3.33
Upside Target	3.67

Intraday share price targets for Mei Pharma (MEIP)

Target Type	Value
Downside Intraday Target	2.55
Downside Intraday Target	2.48
Upside Intraday Target	2.69
Upside Intraday Target	2.76
Downside Intraday Target	2.62

Weekly technical analysis of Mei Pharma (MEIP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	2.63	2.61	2.68	2.54	1.07 times
13 Fri Dec 2024	2.70	2.71	2.89	2.62	5.537 times
26 Tue Nov 2024	2.84	2.77	2.87	2.77	0.338 times
26 Tue Nov 2024	2.84	2.78	2.87	2.75	0.282 times
22 Fri Nov 2024	2.78	2.92	3.00	2.76	1.185 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
16 Mon Dec 2024	2.63	2.71	2.89	2.54	0.309 times
26 Tue Nov 2024	2.84	3.00	3.15	2.75	0.176 times
31 Thu Oct 2024	3.10	2.89	3.29	2.61	5.847 times
30 Mon Sep 2024	2.85	3.13	3.33	2.81	0.964 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 but buying is losing 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 Mei Pharma is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.72 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.