(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 2024-07-26 View latest technical analysis
10 day averaged volume of is 692256
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 31.67 | 31.57 | 32.25 | 30.84 | 0.692 times |
| 25 Thu Jul 2024 | 31.02 | 30.43 | 31.31 | 29.14 | 1.623 times |
| 24 Wed Jul 2024 | 30.55 | 31.00 | 31.64 | 29.77 | 1.129 times |
| 23 Tue Jul 2024 | 31.09 | 33.43 | 34.09 | 30.82 | 2.472 times |
| 22 Mon Jul 2024 | 33.43 | 34.29 | 35.30 | 33.27 | 0.966 times |
| 19 Fri Jul 2024 | 33.95 | 37.09 | 37.11 | 33.82 | 1.148 times |
| 18 Thu Jul 2024 | 37.22 | 38.59 | 40.84 | 37.19 | 0.37 times |
| 17 Wed Jul 2024 | 39.14 | 38.93 | 40.72 | 38.67 | 0.585 times |
| 16 Tue Jul 2024 | 39.52 | 38.55 | 39.53 | 37.73 | 0.732 times |
| 15 Mon Jul 2024 | 38.34 | 38.00 | 39.99 | 37.33 | 0.518 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.4, but if it comes above 33.4, then a intra day buy could be more profitable.
If you take a sell trade below 33.4, then use 33.4 as stoploss and 29.1 as target. However if you take a buy trade in stock , then use 33.4 as stoploss and 36.99 as target.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 29.14 |
| Upside Target | 33.82 |
| Upside Target | 35.30 |
| Upside Target | 36.80 |
| Upside Target | 39.75 |
| Upside Target | 42.72 |
| Upside Target | 43.07 |
| Upside Target | 45.13 |
| Upside Target | 45.65 |
| Upside Target | 49.66 |
| Upside Target | 49.97 |
Intraday share price targets for (MEG)
| Target Type | Value |
| Downside Intraday Target | 28.77 |
| Downside Intraday Target | 25.88 |
| Upside Intraday Target | 34.93 |
| Upside Intraday Target | 38.2 |
| Upside Intraday Target | 32.04 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 31.67 | 34.29 | 35.30 | 29.14 | 2.052 times |
| 19 Fri Jul 2024 | 33.95 | 38.00 | 40.84 | 33.82 | 1.204 times |
| 12 Fri Jul 2024 | 37.46 | 40.76 | 41.00 | 36.80 | 2.993 times |
| 05 Fri Jul 2024 | 40.29 | 40.82 | 41.35 | 39.75 | 0.652 times |
| 03 Wed Jul 2024 | 40.14 | 44.70 | 45.13 | 39.95 | 0.496 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 |
| 26 Fri Jul 2024 | 31.67 | 44.70 | 45.13 | 29.14 | 2.025 times |
| 28 Fri Jun 2024 | 44.56 | 47.57 | 49.66 | 43.07 | 0.755 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 |
Scroll below to view daily charts
Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.
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 red color and prices are below the red 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 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 33.25 and (MEG) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.
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 red color and prices are below the red 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 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 33.25 and (MEG) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.