(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 2024-07-30 View latest technical analysis
10 day averaged volume of is 715844
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 30.56 | 30.96 | 31.40 | 29.58 | 0.517 times |
| 29 Mon Jul 2024 | 30.78 | 31.78 | 32.03 | 30.49 | 0.604 times |
| 26 Fri Jul 2024 | 31.67 | 31.57 | 32.25 | 30.84 | 0.669 times |
| 25 Thu Jul 2024 | 31.02 | 30.43 | 31.31 | 29.14 | 1.569 times |
| 24 Wed Jul 2024 | 30.55 | 31.00 | 31.64 | 29.77 | 1.092 times |
| 23 Tue Jul 2024 | 31.09 | 33.43 | 34.09 | 30.82 | 2.391 times |
| 22 Mon Jul 2024 | 33.43 | 34.29 | 35.30 | 33.27 | 0.934 times |
| 19 Fri Jul 2024 | 33.95 | 37.09 | 37.11 | 33.82 | 1.11 times |
| 18 Thu Jul 2024 | 37.22 | 38.59 | 40.84 | 37.19 | 0.358 times |
| 17 Wed Jul 2024 | 39.14 | 38.93 | 40.72 | 38.67 | 0.566 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 32.2, but if it comes above 32.2, then a intra day buy could be more profitable.
If you take a sell trade below 32.2, then use 32.2 as stoploss and 27.8 as target. However if you take a buy trade in stock , then use 32.2 as stoploss and 35.91 as target.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 29.14 |
| Upside Target | 32.03 |
| Upside Target | 33.82 |
| Upside Target | 35.30 |
| Upside Target | 36.80 |
| Upside Target | 39.75 |
| Upside Target | 41.35 |
| 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 | 29.42 |
| Downside Intraday Target | 28.27 |
| Upside Intraday Target | 31.87 |
| Upside Intraday Target | 33.17 |
| Upside Intraday Target | 30.72 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 30.56 | 31.78 | 32.03 | 29.58 | 0.168 times |
| 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 |
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 |
| 30 Tue Jul 2024 | 30.56 | 44.70 | 45.13 | 29.14 | 2.178 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 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 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 gaining 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing 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 32.25 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 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 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 gaining 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing 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 32.25 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.