(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 2024-09-24 View latest technical analysis
10 day averaged volume of is 580270
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Tue Sep 2024 | 27.96 | 29.04 | 29.50 | 27.82 | 1.216 times |
| 23 Mon Sep 2024 | 28.77 | 28.96 | 29.01 | 27.77 | 0.854 times |
| 20 Fri Sep 2024 | 28.82 | 29.16 | 29.46 | 28.52 | 2.007 times |
| 19 Thu Sep 2024 | 29.57 | 30.02 | 30.09 | 29.15 | 0.824 times |
| 18 Wed Sep 2024 | 29.11 | 29.74 | 30.21 | 28.75 | 0.452 times |
| 17 Tue Sep 2024 | 29.76 | 29.25 | 30.00 | 28.61 | 0.644 times |
| 16 Mon Sep 2024 | 28.82 | 29.66 | 29.99 | 28.15 | 1.095 times |
| 13 Fri Sep 2024 | 29.16 | 28.43 | 29.85 | 28.06 | 1.025 times |
| 12 Thu Sep 2024 | 28.00 | 27.36 | 28.61 | 27.36 | 0.948 times |
| 11 Wed Sep 2024 | 27.46 | 26.81 | 27.75 | 26.00 | 0.745 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 27.9 as stoploss in an intra day buy trade for a target of 29.8. However, stock will show a bearish move below 27.9.
Share price targets for (MEG)
| Target Type | Value |
| Downside Target | 26.00 |
| Downside Target | 27.77 |
| Upside Target | 28.84 |
| 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 | 27.32 |
| Downside Intraday Target | 26.68 |
| Upside Intraday Target | 29.05 |
| Upside Intraday Target | 30.14 |
| Upside Intraday Target | 28.41 |
Weekly technical analysis of (MEG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Tue Sep 2024 | 27.96 | 28.96 | 29.50 | 27.77 | 0.412 times |
| 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 |
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 |
| 24 Tue Sep 2024 | 27.96 | 31.99 | 33.04 | 26.00 | 0.996 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 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 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 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 losing momentum.
MACD generated a BUY signal for in short term but the buy signal is initial and weak.
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 tired and bears 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 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 28.7 and (MEG) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 losing momentum.
MACD generated a BUY signal for in short term but the buy signal is initial and weak.
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 tired and bears 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 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 28.7 and (MEG) stock is trading below this level. This means that stock is falling with high volumes. 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.