(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 2024-06-17 View latest technical analysis
10 day averaged volume of is 187620
Date | Daily Closing Price | Open | High | Low | Volume |
17 Mon Jun 2024 | 46.24 | 47.39 | 47.99 | 46.01 | 1.145 times |
14 Fri Jun 2024 | 47.95 | 46.67 | 48.29 | 46.57 | 1.628 times |
13 Thu Jun 2024 | 47.37 | 47.00 | 47.80 | 46.32 | 0.866 times |
12 Wed Jun 2024 | 47.01 | 46.54 | 48.45 | 46.20 | 1.04 times |
11 Tue Jun 2024 | 44.71 | 44.05 | 44.78 | 43.84 | 0.754 times |
10 Mon Jun 2024 | 44.69 | 43.42 | 45.48 | 43.07 | 1.042 times |
07 Fri Jun 2024 | 43.89 | 44.21 | 44.85 | 43.75 | 0.919 times |
06 Thu Jun 2024 | 44.80 | 46.97 | 47.28 | 44.75 | 0.851 times |
05 Wed Jun 2024 | 47.15 | 44.57 | 47.24 | 44.48 | 1.189 times |
04 Tue Jun 2024 | 43.97 | 46.35 | 46.38 | 43.81 | 0.887 times |
My analysis of stock is bearish for shortterm, and stock might move down till 45.1 or till 43.2. Use a stoploss of 46.67 and if the stock hits stoploss, then it can shoot up till 48.25
Share price targets for (MEG)
Target Type | Value |
Downside Target | 29.56 |
Downside Target | 35.60 |
Downside Target | 40.48 |
Downside Target | 42.15 |
Downside Target | 45.40 |
Upside Target | 47.99 |
Upside Target | 48.33 |
Upside Target | 48.45 |
Upside Target | 49.17 |
Upside Target | 49.97 |
Intraday share price targets for (MEG)
Target Type | Value |
Downside Intraday Target | 45.5 |
Downside Intraday Target | 44.77 |
Upside Intraday Target | 47.48 |
Upside Intraday Target | 48.73 |
Upside Intraday Target | 46.75 |
Weekly technical analysis of (MEG)
Date | Weekly Closing Price | Open | High | Low | Volume |
17 Mon Jun 2024 | 46.24 | 47.39 | 47.99 | 46.01 | 0.215 times |
14 Fri Jun 2024 | 47.95 | 43.42 | 48.45 | 43.07 | 1.141 times |
07 Fri Jun 2024 | 43.89 | 47.57 | 48.33 | 43.75 | 0.717 times |
31 Fri May 2024 | 47.01 | 49.08 | 49.17 | 45.40 | 1.205 times |
24 Fri May 2024 | 48.56 | 47.96 | 49.97 | 45.85 | 0.794 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 (MEG)
Date | Monthly Closing Price | Open | High | Low | Volume |
17 Mon Jun 2024 | 46.24 | 47.57 | 48.45 | 43.07 | 0.3 times |
31 Fri May 2024 | 47.01 | 43.34 | 49.97 | 40.48 | 0.883 times |
30 Tue Apr 2024 | 43.42 | 39.26 | 45.65 | 35.60 | 1.584 times |
28 Thu Mar 2024 | 39.17 | 42.44 | 42.72 | 36.01 | 1.553 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of ( (MEG) ) 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 ( (MEG) ) 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 ( (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 Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 46 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of ( (MEG) ) 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 ( (MEG) ) 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 ( (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 Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 46 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.