(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 2024-08-06 View latest technical analysis
10 day averaged volume of is 661989
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 29.27 | 27.00 | 29.82 | 26.97 | 0.961 times |
| 05 Mon Aug 2024 | 26.98 | 27.07 | 27.75 | 26.50 | 0.546 times |
| 02 Fri Aug 2024 | 29.15 | 28.87 | 29.85 | 28.38 | 0.696 times |
| 01 Thu Aug 2024 | 30.43 | 31.64 | 31.75 | 29.75 | 0.566 times |
| 31 Wed Jul 2024 | 31.89 | 31.16 | 32.90 | 30.39 | 0.794 times |
| 30 Tue Jul 2024 | 30.56 | 30.96 | 31.40 | 29.58 | 0.559 times |
| 29 Mon Jul 2024 | 30.78 | 31.78 | 32.03 | 30.49 | 0.653 times |
| 26 Fri Jul 2024 | 31.67 | 31.57 | 32.25 | 30.84 | 0.723 times |
| 25 Thu Jul 2024 | 31.02 | 30.43 | 31.31 | 29.14 | 1.697 times |
| 24 Wed Jul 2024 | 30.55 | 31.00 | 31.64 | 29.77 | 1.181 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29.6, but if it comes above 29.6, then a intra day buy could be more profitable.
If you take a sell trade below 29.6, then use 29.6 as stoploss and 25 as target. However if you take a buy trade in stock , then use 29.6 as stoploss and 33.41 as target.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 26.50 |
| Downside Target | 28.38 |
| Downside Target | 29.14 |
| Upside Target | 29.82 |
| Upside Target | 31.75 |
| Upside Target | 32.90 |
| Upside Target | 33.82 |
| Upside Target | 35.30 |
| Upside Target | 36.80 |
| Upside Target | 40.48 |
| 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 | 27.24 |
| Downside Intraday Target | 25.21 |
| Upside Intraday Target | 30.56 |
| Upside Intraday Target | 31.85 |
| Downside Intraday Target | 28.53 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 29.27 | 27.07 | 29.82 | 26.50 | 0.461 times |
| 02 Fri Aug 2024 | 29.15 | 31.78 | 32.90 | 28.38 | 0.454 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 |
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 |
| 06 Tue Aug 2024 | 29.27 | 31.64 | 31.75 | 26.50 | 0.153 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 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.
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 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 30.38 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.
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 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 30.38 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.