(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 2024-09-20 View latest technical analysis
10 day averaged volume of is 523700
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Sep 2024 | 28.82 | 29.16 | 29.46 | 28.52 | 2.224 times |
| 19 Thu Sep 2024 | 29.57 | 30.02 | 30.09 | 29.15 | 0.913 times |
| 18 Wed Sep 2024 | 29.11 | 29.74 | 30.21 | 28.75 | 0.501 times |
| 17 Tue Sep 2024 | 29.76 | 29.25 | 30.00 | 28.61 | 0.714 times |
| 16 Mon Sep 2024 | 28.82 | 29.66 | 29.99 | 28.15 | 1.213 times |
| 13 Fri Sep 2024 | 29.16 | 28.43 | 29.85 | 28.06 | 1.136 times |
| 12 Thu Sep 2024 | 28.00 | 27.36 | 28.61 | 27.36 | 1.05 times |
| 11 Wed Sep 2024 | 27.46 | 26.81 | 27.75 | 26.00 | 0.825 times |
| 10 Tue Sep 2024 | 27.05 | 27.55 | 28.28 | 26.48 | 1.558 times |
| 09 Mon Sep 2024 | 27.27 | 29.18 | 29.64 | 27.05 | 1.166 times |
Stock of (MEG) has showed a significant fall. This could be a good time to exit from this stock.
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 28.2 as stoploss in an intra day buy trade for a target of 30.32. However, stock will show a bearish move below 28.2.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 26.00 |
| Downside Target | 28.15 |
| Upside Target | 28.84 |
| Upside Target | 29.85 |
| Upside Target | 31.39 |
| Upside Target | 32.36 |
| Upside Target | 33.04 |
| Upside Target | 34.09 |
| Upside Target | 34.56 |
| Upside Target | 40.48 |
| Upside Target | 43.07 |
| Upside Target | 45.13 |
| Upside Target | 49.66 |
| Upside Target | 49.97 |
Intraday share price targets for (MEG)
| Target Type | Value |
| Downside Intraday Target | 27.91 |
| Downside Intraday Target | 27 |
| Upside Intraday Target | 29.97 |
| Upside Intraday Target | 31.12 |
| Upside Intraday Target | 29.06 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Sep 2024 | 28.82 | 29.66 | 30.21 | 28.15 | 0.971 times |
| 13 Fri Sep 2024 | 29.16 | 29.18 | 29.85 | 26.00 | 2.352 times |
| 06 Fri Sep 2024 | 28.96 | 31.99 | 33.04 | 28.84 | 6.167 times |
| 30 Fri Aug 2024 | 32.90 | 32.94 | 34.09 | 32.36 | 0.166 times |
| 30 Fri Aug 2024 | 32.90 | 32.58 | 34.56 | 31.39 | 0.861 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 |
| 20 Fri Sep 2024 | 28.82 | 31.99 | 33.04 | 26.00 | 0.853 times |
| 30 Fri Aug 2024 | 32.90 | 31.64 | 34.56 | 26.50 | 0.704 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 |
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 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 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 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. Bulls 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 but SELL 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
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 28.41 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 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 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 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 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. Bulls 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 but SELL 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
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 28.41 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 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.