(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 2024-07-31 View latest technical analysis
10 day averaged volume of is 702204
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Wed Jul 2024 | 31.89 | 31.16 | 32.90 | 30.39 | 0.748 times |
| 30 Tue Jul 2024 | 30.56 | 30.96 | 31.40 | 29.58 | 0.527 times |
| 29 Mon Jul 2024 | 30.78 | 31.78 | 32.03 | 30.49 | 0.615 times |
| 26 Fri Jul 2024 | 31.67 | 31.57 | 32.25 | 30.84 | 0.682 times |
| 25 Thu Jul 2024 | 31.02 | 30.43 | 31.31 | 29.14 | 1.6 times |
| 24 Wed Jul 2024 | 30.55 | 31.00 | 31.64 | 29.77 | 1.113 times |
| 23 Tue Jul 2024 | 31.09 | 33.43 | 34.09 | 30.82 | 2.437 times |
| 22 Mon Jul 2024 | 33.43 | 34.29 | 35.30 | 33.27 | 0.952 times |
| 19 Fri Jul 2024 | 33.95 | 37.09 | 37.11 | 33.82 | 1.131 times |
| 18 Thu Jul 2024 | 37.22 | 38.59 | 40.84 | 37.19 | 0.365 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 31.8 as stoploss in an intra day buy trade for a target of 35.49. However, stock will show a bearish move below 31.8.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 29.14 |
| Upside Target | 32.90 |
| 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 | 30.01 |
| Downside Intraday Target | 28.14 |
| Upside Intraday Target | 33.33 |
| Upside Intraday Target | 34.78 |
| Downside Intraday Target | 31.46 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Wed Jul 2024 | 31.89 | 31.78 | 32.90 | 29.58 | 0.279 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 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 |
| 31 Wed Jul 2024 | 31.89 | 44.70 | 45.13 | 29.14 | 2.278 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 but selling is losing 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 31.83 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 but selling is losing 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 31.83 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.