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(MedicamenBi) Medicamen Bi complete technical analysis [charts+indicators] | Buy/Sell Medicamen Bi | (MedicamenBi) share price targets

Complete technical analysis of Medicamen Bi (MedicamenBi) by charts plus indicators, forecast predictions and share price targets for Medicamen Bi (MedicamenBi)

Showing technical analysis as on 2024-10-28 View latest technical analysis

10 day averaged volume of Medicamen Bi is 6736

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	495.15	492.00	505.55	476.55	2.035 times
25 Fri Oct 2024	498.75	488.95	559.95	482.00	6.347 times
24 Thu Oct 2024	481.55	493.60	500.10	475.30	0.164 times
23 Wed Oct 2024	496.20	510.85	510.85	484.90	0.257 times
22 Tue Oct 2024	486.80	513.00	515.00	476.05	0.856 times
21 Mon Oct 2024	516.45	559.90	559.90	510.00	0.635 times
18 Fri Oct 2024	543.85	527.00	551.40	508.35	0.609 times
17 Thu Oct 2024	514.10	532.70	533.75	510.00	0.252 times
16 Wed Oct 2024	534.00	545.00	571.75	526.30	0.578 times
15 Tue Oct 2024	550.15	554.05	555.00	544.50	0.132 times

Stock of Medicamen Bi (MedicamenBi) 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 trade for tomorrow is selective. Take a sell trade only if stock stays below 506.1, but if it comes above 506.1, then a intra day buy could be more profitable.
If you take a sell trade below 506.1, then use 506.1 as stoploss and 466.5 as target. However if you take a buy trade in stock , then use 506.1 as stoploss and 539.11 as target.

Share price targets for Medicamen Bi (MedicamenBi)

Target Type	Value
Downside Target	377.00
Downside Target	403.00
Downside Target	430.95
Downside Target	442.25
Downside Target	475.30
Upside Target	505.55
Upside Target	520.10
Upside Target	535.45
Upside Target	556.70
Upside Target	571.75
Upside Target	584.10
Upside Target	589.90
Upside Target	600.95

Intraday share price targets for Medicamen Bi (MedicamenBi)

Target Type	Value
Downside Intraday Target	479.28
Downside Intraday Target	463.42
Upside Intraday Target	508.28
Upside Intraday Target	521.42
Downside Intraday Target	492.42

Weekly technical analysis of Medicamen Bi (MedicamenBi)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	495.15	492.00	505.55	476.55	0.246 times
25 Fri Oct 2024	498.75	559.90	559.95	475.30	4.738 times
18 Fri Oct 2024	543.85	569.00	571.75	508.35	1.227 times
11 Fri Oct 2024	566.25	574.45	584.10	520.10	0.171 times
03 Thu Oct 2024	578.15	581.20	600.95	556.70	0.329 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 Medicamen Bi (MedicamenBi)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	495.15	570.00	600.95	475.30	0.442 times
30 Mon Sep 2024	568.65	412.45	589.90	403.00	6.488 times
30 Fri Aug 2024	410.85	440.00	442.25	377.00	0.572 times
31 Wed Jul 2024	436.65	467.65	535.45	432.00	1.476 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 Medicamen Bi (MedicamenBi)

Price action analysis of Medicamen Bi ( (MedicamenBi) ) 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 Medicamen Bi ( (MedicamenBi) ) 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 Medicamen Bi ( (MedicamenBi) ) 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 Medicamen Bi ( (MedicamenBi) ) based on a mid to longer 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.

ADX buy sell signal for Medicamen Bi stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Medicamen Bi in short term but the sell signal is initial and weak.

Medicamen Bi 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Medicamen Bi in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Medicamen Bi is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 502.85 and Medicamen Bi (MedicamenBi) 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 Medicamen Bi (MedicamenBi) stock. Volume based technical analysis of Medicamen Bi (MedicamenBi) stock is negative.

Medicamen Bi Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.