(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 2024-04-18 View latest technical analysis
10 day averaged volume of is 238320
Date | Daily Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 41.92 | 39.05 | 42.16 | 38.00 | 8.493 times |
17 Wed Apr 2024 | 37.15 | 40.44 | 40.55 | 35.60 | 3.048 times |
16 Tue Apr 2024 | 41.95 | 42.35 | 42.64 | 41.56 | 0.351 times |
15 Mon Apr 2024 | 42.65 | 44.60 | 45.02 | 42.47 | 0.833 times |
12 Fri Apr 2024 | 44.66 | 44.88 | 45.65 | 44.51 | 0.876 times |
11 Thu Apr 2024 | 45.11 | 44.64 | 45.31 | 43.32 | 0.771 times |
10 Wed Apr 2024 | 44.64 | 43.48 | 44.97 | 43.48 | 1.1 times |
09 Tue Apr 2024 | 45.14 | 45.28 | 45.28 | 44.01 | 0.55 times |
08 Mon Apr 2024 | 45.27 | 44.68 | 45.54 | 44.13 | 0.694 times |
05 Fri Apr 2024 | 44.36 | 43.66 | 45.04 | 43.46 | 0.658 times |
Stock of (MEG) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, and stock might move up till 44.7 or till 48.2. Use a stoploss of 41.7 and if this stock hits its stoploss, then it can fall down till 38.74
Share price targets for (MEG)
Target Type | Value |
Downside Target | 25.98 |
Downside Target | 28.92 |
Downside Target | 29.56 |
Downside Target | 32.75 |
Downside Target | 33.95 |
Downside Target | 35.60 |
Downside Target | 37.08 |
Downside Target | 38.57 |
Downside Target | 39.61 |
Upside Target | 42.15 |
Upside Target | 43.32 |
Upside Target | 45.02 |
Upside Target | 45.16 |
Upside Target | 45.65 |
Intraday share price targets for (MEG)
Target Type | Value |
Downside Intraday Target | 36.67 |
Downside Intraday Target | 31.43 |
Upside Intraday Target | 46.09 |
Upside Intraday Target | 50.27 |
Downside Intraday Target | 40.85 |
Weekly technical analysis of (MEG)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 41.92 | 44.60 | 45.02 | 35.60 | 3.189 times |
12 Fri Apr 2024 | 44.66 | 44.68 | 45.65 | 43.32 | 0.676 times |
05 Fri Apr 2024 | 44.36 | 39.26 | 45.16 | 38.57 | 1.887 times |
28 Thu Mar 2024 | 39.17 | 38.11 | 39.61 | 37.08 | 0.812 times |
22 Fri Mar 2024 | 38.11 | 37.54 | 40.00 | 36.20 | 0.433 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of (MEG)
Date | Monthly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 41.92 | 39.26 | 45.65 | 35.60 | 1.083 times |
28 Thu Mar 2024 | 39.17 | 42.44 | 42.72 | 36.01 | 1.553 times |
29 Thu Feb 2024 | 41.38 | 29.56 | 42.15 | 29.56 | 0.747 times |
31 Wed Jan 2024 | 29.21 | 31.76 | 32.75 | 25.98 | 0.974 times |
Scroll below to view daily charts
Price has moved up 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 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 ( (MEG) ) 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 ( (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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for in short term but the sell signal is initial and weak.
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 green color and prices are above 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 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 41.9 and (MEG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the (MEG) stock. Volume based technical analysis of (MEG) stock is negative.
Stock has given negative 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 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 ( (MEG) ) 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 ( (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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for in short term but the sell signal is initial and weak.
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 green color and prices are above 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 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 41.9 and (MEG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the (MEG) stock. Volume based technical analysis of (MEG) stock is negative.
Stock has given negative 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.