(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 2024-08-01 View latest technical analysis
10 day averaged volume of is 714224
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 30.43 | 31.64 | 31.75 | 29.75 | 0.525 times |
| 31 Wed Jul 2024 | 31.89 | 31.16 | 32.90 | 30.39 | 0.735 times |
| 30 Tue Jul 2024 | 30.56 | 30.96 | 31.40 | 29.58 | 0.518 times |
| 29 Mon Jul 2024 | 30.78 | 31.78 | 32.03 | 30.49 | 0.605 times |
| 26 Fri Jul 2024 | 31.67 | 31.57 | 32.25 | 30.84 | 0.67 times |
| 25 Thu Jul 2024 | 31.02 | 30.43 | 31.31 | 29.14 | 1.573 times |
| 24 Wed Jul 2024 | 30.55 | 31.00 | 31.64 | 29.77 | 1.094 times |
| 23 Tue Jul 2024 | 31.09 | 33.43 | 34.09 | 30.82 | 2.396 times |
| 22 Mon Jul 2024 | 33.43 | 34.29 | 35.30 | 33.27 | 0.936 times |
| 19 Fri Jul 2024 | 33.95 | 37.09 | 37.11 | 33.82 | 1.112 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.4, but if it comes above 31.4, then a intra day buy could be more profitable.
If you take a sell trade below 31.4, then use 31.4 as stoploss and 27 as target. However if you take a buy trade in stock , then use 31.4 as stoploss and 35.01 as target.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 29.14 |
| Upside Target | 31.75 |
| 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 | 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 | 29.04 |
| Downside Intraday Target | 27.65 |
| Upside Intraday Target | 32.36 |
| Upside Intraday Target | 34.29 |
| Upside Intraday Target | 30.97 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 30.43 | 31.78 | 32.90 | 29.58 | 0.357 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 |
| 01 Thu Aug 2024 | 30.43 | 31.64 | 31.75 | 29.75 | 0.031 times |
| 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 |
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 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 weakening, and bulls are picking up momentum!
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 and selling is picking up 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 31.57 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 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 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 weakening, and bulls are picking up momentum!
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 and selling is picking up 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 31.57 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.