(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 2024-01-24 View latest technical analysis
10 day averaged volume of is 242080
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Jan 2024 | 30.22 | 31.22 | 31.65 | 30.21 | 0.639 times |
| 23 Tue Jan 2024 | 30.58 | 31.53 | 31.53 | 30.06 | 0.793 times |
| 22 Mon Jan 2024 | 30.88 | 28.80 | 30.94 | 28.80 | 1.042 times |
| 19 Fri Jan 2024 | 28.26 | 27.71 | 28.34 | 27.14 | 2.061 times |
| 18 Thu Jan 2024 | 27.48 | 26.88 | 27.58 | 25.98 | 0.941 times |
| 17 Wed Jan 2024 | 26.65 | 27.10 | 27.66 | 26.56 | 1.112 times |
| 16 Tue Jan 2024 | 27.79 | 27.59 | 27.90 | 27.31 | 0.978 times |
| 12 Fri Jan 2024 | 27.97 | 28.66 | 29.24 | 27.89 | 0.461 times |
| 12 Fri Jan 2024 | 27.97 | 28.66 | 29.24 | 27.89 | 0.461 times |
| 11 Thu Jan 2024 | 28.24 | 28.80 | 28.98 | 27.41 | 0.693 times |
My analysis of stock is bullish for shortterm, and stock might move up till 31.2 or till 33.3. Use a stoploss of 29.48 and if this stock hits its stoploss, then it can fall down till 27.73
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 21.96 |
| Downside Target | 25.98 |
| Downside Target | 27.41 |
| Downside Target | 29.24 |
| Downside Target | 29.78 |
| Upside Target | 31.65 |
| Upside Target | 32.75 |
| Upside Target | 32.99 |
| Upside Target | 33.95 |
| Upside Target | 39.48 |
Intraday share price targets for (MEG)
| Target Type | Value |
| Downside Intraday Target | 28.8 |
| Downside Intraday Target | 27.37 |
| Upside Intraday Target | 31.65 |
| Upside Intraday Target | 33.07 |
| Upside Intraday Target | 30.22 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Jan 2024 | 30.22 | 28.80 | 31.65 | 28.80 | 0.486 times |
| 19 Fri Jan 2024 | 28.26 | 27.59 | 28.34 | 25.98 | 11.047 times |
| 12 Fri Jan 2024 | 27.97 | 28.66 | 29.24 | 27.89 | 0.121 times |
| 12 Fri Jan 2024 | 27.97 | 28.64 | 29.78 | 27.41 | 1.156 times |
| 05 Fri Jan 2024 | 28.64 | 31.76 | 32.75 | 28.51 | 3.806 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 |
| 24 Wed Jan 2024 | 30.22 | 31.76 | 32.75 | 25.98 | 0.832 times |
| 29 Fri Dec 2023 | 32.13 | 31.10 | 33.95 | 28.92 | 0.996 times |
| 30 Thu Nov 2023 | 31.27 | 22.99 | 32.99 | 22.22 | 1.021 times |
| 31 Tue Oct 2023 | 23.12 | 28.99 | 29.13 | 21.96 | 0.82 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 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 ( (MEG) ) 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 ( (MEG) ) based on a short to mid 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 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for in short term but SELL signal is weak.
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
Although the stock is in the BUY zone, but buying 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 28.54 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.
Price action analysis of ( (MEG) ) 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 ( (MEG) ) 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 ( (MEG) ) based on a short to mid 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 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for in short term but SELL signal is weak.
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
Although the stock is in the BUY zone, but buying 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 28.54 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.