(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 2024-08-26 View latest technical analysis
10 day averaged volume of is 306612
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 34.36 | 32.58 | 34.56 | 32.15 | 1.333 times |
| 23 Fri Aug 2024 | 32.32 | 32.17 | 33.11 | 32.08 | 1.039 times |
| 22 Thu Aug 2024 | 31.91 | 34.17 | 34.26 | 31.76 | 1.213 times |
| 21 Wed Aug 2024 | 34.09 | 33.34 | 34.12 | 32.95 | 0.735 times |
| 20 Tue Aug 2024 | 33.09 | 33.15 | 33.37 | 32.13 | 0.909 times |
| 19 Mon Aug 2024 | 33.20 | 32.93 | 33.39 | 32.37 | 0.834 times |
| 16 Fri Aug 2024 | 32.97 | 32.25 | 33.04 | 32.00 | 0.793 times |
| 15 Thu Aug 2024 | 32.48 | 33.32 | 33.71 | 32.35 | 0.809 times |
| 14 Wed Aug 2024 | 32.47 | 34.00 | 34.30 | 32.08 | 1.365 times |
| 13 Tue Aug 2024 | 32.45 | 32.55 | 32.96 | 31.72 | 1.044 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 33.5, but if it comes below 33.5, then a intra day sell could be more profitable.
If you take a sell trade below 33.5, then use 33.5 as stoploss and 31.68 as target. However if you take a buy trade in stock , then use 33.5 as stoploss and 35.6 as target.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 26.50 |
| Downside Target | 28.38 |
| Downside Target | 29.14 |
| Downside Target | 31.72 |
| Downside Target | 32.90 |
| Downside Target | 34.26 |
| Upside Target | 35.60 |
| 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 | 32.82 |
| Downside Intraday Target | 31.28 |
| Upside Intraday Target | 35.23 |
| Upside Intraday Target | 36.1 |
| Downside Intraday Target | 33.69 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 34.36 | 32.58 | 34.56 | 32.15 | 0.282 times |
| 23 Fri Aug 2024 | 32.32 | 32.93 | 34.26 | 31.76 | 0.898 times |
| 16 Fri Aug 2024 | 32.97 | 32.23 | 34.30 | 31.72 | 0.525 times |
| 09 Fri Aug 2024 | 32.46 | 27.07 | 33.21 | 26.50 | 1.422 times |
| 02 Fri Aug 2024 | 29.15 | 31.78 | 32.90 | 28.38 | 0.454 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 |
| 26 Mon Aug 2024 | 34.36 | 31.64 | 34.56 | 26.50 | 0.617 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 up 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (MEG) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of ( (MEG) ) based on a short to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for in short term and BUY signal is strong.
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 32.91 and (MEG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the (MEG) stock. Volume based technical analysis of (MEG) stock is negative.
Stock is giving positive 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (MEG) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of ( (MEG) ) based on a short to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for in short term and BUY signal is strong.
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 32.91 and (MEG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the (MEG) stock. Volume based technical analysis of (MEG) stock is negative.
Stock is giving positive 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.