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

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

10 day averaged volume of is 89710

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	13.55	13.58	13.78	13.49	0.498 times
17 Wed Apr 2024	13.39	13.89	13.93	13.29	0.806 times
16 Tue Apr 2024	13.85	13.60	14.00	13.43	0.444 times
15 Mon Apr 2024	13.62	13.55	13.86	13.30	0.395 times
12 Fri Apr 2024	13.57	13.83	13.83	13.35	0.509 times
11 Thu Apr 2024	13.87	13.70	14.00	13.70	0.516 times
10 Wed Apr 2024	13.72	13.76	14.23	13.60	0.999 times
09 Tue Apr 2024	14.09	13.95	14.20	13.80	0.897 times
08 Mon Apr 2024	13.89	13.92	14.07	13.47	2.105 times
05 Fri Apr 2024	13.72	13.55	13.93	13.21	1.133 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 13.6, but if it comes above 13.6, then a intra day buy could be more profitable.
If you take a sell trade below 13.6, then use 13.6 as stoploss and 13.3 as target. However if you take a buy trade in stock , then use 13.6 as stoploss and 13.91 as target.

Share price targets for (MEC)

Target Type	Value
Downside Target	11.07
Downside Target	11.86
Downside Target	12.10
Downside Target	12.60
Downside Target	13.16
Upside Target	13.70
Upside Target	14.00
Upside Target	14.50
Upside Target	14.82
Upside Target	14.90

Intraday share price targets for (MEC)

Target Type	Value
Downside Intraday Target	13.23
Downside Intraday Target	12.9
Upside Intraday Target	13.94
Upside Intraday Target	14.32
Upside Intraday Target	13.61

Weekly technical analysis of (MEC)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	13.55	13.55	14.00	13.29	0.426 times
12 Fri Apr 2024	13.57	13.92	14.23	13.35	0.931 times
05 Fri Apr 2024	13.72	14.50	14.50	13.16	2.457 times
28 Thu Mar 2024	14.33	14.26	14.50	13.70	0.897 times
22 Fri Mar 2024	14.19	12.76	14.82	12.70	0.744 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 (MEC)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	13.55	14.50	14.50	13.16	1.126 times
28 Thu Mar 2024	14.33	12.26	14.82	12.10	1.192 times
29 Thu Feb 2024	12.24	12.68	13.24	11.07	1.021 times
31 Wed Jan 2024	12.69	14.22	14.50	12.60	0.706 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 (MEC)

Price action analysis of ( (MEC) ) 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 ( (MEC) ) 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 ( (MEC) ) 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 ( (MEC) ) 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.76 and (MEC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the (MEC) stock. Volume based technical analysis of (MEC) 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.