(MENONBE) Menon Bearings complete technical analysis [charts+indicators] | Buy/Sell Menon Bearings | (MENONBE) share price targets
Complete technical analysis of Menon Bearings (MENONBE) by charts plus indicators, forecast predictions and share price targets for Menon Bearings (MENONBE)
10 day averaged volume of Menon Bearings is 82116
Date | Daily Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 126.55 | 126.40 | 127.80 | 125.60 | 0.419 times |
21 Tue May 2024 | 126.05 | 126.80 | 128.90 | 124.75 | 0.627 times |
20 Mon May 2024 | 127.95 | 128.65 | 130.30 | 127.10 | 0.185 times |
17 Fri May 2024 | 128.65 | 127.65 | 130.95 | 126.80 | 0.84 times |
16 Thu May 2024 | 127.65 | 121.05 | 133.15 | 120.50 | 3.926 times |
My analysis of stock is bullish for shortterm, and stock might move up till 130.3 or till 134.8. Use a stoploss of 126.52 and if this stock hits its stoploss, then it can fall down till 122.77
Share price targets for Menon Bearings (MENONBE)
Target Type | Value |
Downside Target | 108.10 |
Downside Target | 113.50 |
Downside Target | 116.10 |
Downside Target | 124.75 |
Upside Target | 127.55 |
Upside Target | 133.50 |
Upside Target | 135.00 |
Upside Target | 138.00 |
Upside Target | 147.00 |
Upside Target | 153.15 |
Intraday share price targets for Menon Bearings (MENONBE)
Target Type | Value |
Downside Intraday Target | 124.1 |
Downside Intraday Target | 121.65 |
Upside Intraday Target | 129.65 |
Upside Intraday Target | 132.75 |
Upside Intraday Target | 127.2 |
Weekly technical analysis of Menon Bearings (MENONBE)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 126.55 | 128.65 | 130.30 | 124.75 | 0.195 times |
17 Fri May 2024 | 128.65 | 120.00 | 133.15 | 116.10 | 1.624 times |
10 Fri May 2024 | 121.15 | 132.00 | 132.00 | 116.80 | 1.913 times |
03 Fri May 2024 | 130.70 | 128.35 | 133.50 | 127.95 | 0.497 times |
26 Fri Apr 2024 | 129.05 | 125.05 | 135.00 | 124.85 | 2.047 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 Menon Bearings (MENONBE)
Date | Monthly Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 126.55 | 130.10 | 133.50 | 116.10 | 0.881 times |
30 Tue Apr 2024 | 130.05 | 113.60 | 135.00 | 113.50 | 0.758 times |
28 Thu Mar 2024 | 112.15 | 130.95 | 138.00 | 108.10 | 0.537 times |
29 Thu Feb 2024 | 130.95 | 145.20 | 153.15 | 127.55 | 0.984 times |
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 Menon Bearings (MENONBE)
Indicator Name | Indicator Value | Indicator Signal |
ADX | 23, 20, 7 | Buy |
MACD | -0, -1 | Buy |
Stochastics | 63 | None |
CCI | 50 | Buy |
RSI | 53 | Buy |
OBV | 34611 | Sell |
VWAP | 125 | Buy |
ADL | 0 | Sell |
ROC | -1 | Sell |
Force Index | 0 | Sell |
Price action analysis of Menon Bearings ( (MENONBE) ) based on a short term time period is
Price action analysis of Menon Bearings ( (MENONBE) ) 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 Menon Bearings ( (MENONBE) ) 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 Menon Bearings ( (MENONBE) ) 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 Menon Bearings stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Menon Bearings 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.
Menon Bearings 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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Menon Bearings in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying 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 Menon Bearings is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 124.78 and Menon Bearings (MENONBE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Menon Bearings (MENONBE) stock. Volume based technical analysis of Menon Bearings (MENONBE) stock is negative.
Menon Bearings 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.
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