(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 2024-01-26 View latest technical analysis
10 day averaged volume of is 217010
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Jan 2024 | 30.50 | 31.15 | 31.64 | 30.15 | 0.511 times |
| 25 Thu Jan 2024 | 30.75 | 30.91 | 31.25 | 30.25 | 0.53 times |
| 24 Wed Jan 2024 | 30.22 | 31.22 | 31.65 | 30.21 | 0.713 times |
| 23 Tue Jan 2024 | 30.58 | 31.53 | 31.53 | 30.06 | 0.885 times |
| 22 Mon Jan 2024 | 30.88 | 28.80 | 30.94 | 28.80 | 1.162 times |
| 19 Fri Jan 2024 | 28.26 | 27.71 | 28.34 | 27.14 | 2.299 times |
| 18 Thu Jan 2024 | 27.48 | 26.88 | 27.58 | 25.98 | 1.05 times |
| 17 Wed Jan 2024 | 26.65 | 27.10 | 27.66 | 26.56 | 1.241 times |
| 16 Tue Jan 2024 | 27.79 | 27.59 | 27.90 | 27.31 | 1.091 times |
| 12 Fri Jan 2024 | 27.97 | 28.66 | 29.24 | 27.89 | 0.514 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 30.8 as stoploss in an intra day sell trade for a target of 29.3. However, stock will show a bullish move above 30.8.
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 | 28.98 |
| Downside Intraday Target | 27.47 |
| Upside Intraday Target | 31.83 |
| Upside Intraday Target | 33.17 |
| Downside Intraday Target | 30.32 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Fri Jan 2024 | 30.50 | 28.80 | 31.65 | 28.80 | 0.669 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 |
| 26 Fri Jan 2024 | 30.50 | 31.76 | 32.75 | 25.98 | 0.884 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 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 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 tired and bears are picking up momentum.
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 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 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 28.81 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 negative.
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 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 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 tired and bears are picking up momentum.
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 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 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 28.81 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.