(MOREPENLAB) Morepen Lab complete technical analysis [charts+indicators] | Buy/Sell Morepen Lab | (MOREPENLAB) share price targets
Complete technical analysis of Morepen Lab (MOREPENLAB) by charts plus indicators, forecast predictions and share price targets for Morepen Lab (MOREPENLAB)
10 day averaged volume of Morepen Lab is 2101075
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 46.85 | 47.60 | 47.75 | 46.75 | 1.199 times |
| 16 Thu May 2024 | 47.35 | 47.05 | 48.00 | 46.70 | 1.027 times |
| 15 Wed May 2024 | 46.70 | 47.05 | 47.70 | 46.50 | 1.075 times |
| 14 Tue May 2024 | 46.40 | 45.80 | 46.90 | 45.65 | 1.116 times |
| 13 Mon May 2024 | 45.60 | 46.15 | 46.35 | 44.50 | 0.724 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 46.5 as stoploss in an intra day buy trade for a target of 48.58. However, stock will show a bearish move below 46.5.
Share price targets for Morepen Lab (MOREPENLAB)
| Target Type | Value |
| Downside Target | 38.55 |
| Downside Target | 42.65 |
| Upside Target | 47.10 |
| Upside Target | 49.10 |
| Upside Target | 50.00 |
| Upside Target | 50.85 |
| Upside Target | 51.65 |
| Upside Target | 52.45 |
| Upside Target | 53.15 |
| Upside Target | 53.60 |
| Upside Target | 56.40 |
Intraday share price targets for Morepen Lab (MOREPENLAB)
| Target Type | Value |
| Downside Intraday Target | 44.9 |
| Downside Intraday Target | 42.95 |
| Upside Intraday Target | 48.4 |
| Upside Intraday Target | 49.95 |
| Downside Intraday Target | 46.45 |
Weekly technical analysis of Morepen Lab (MOREPENLAB)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 46.85 | 46.15 | 48.00 | 44.50 | 1.058 times |
| 10 Fri May 2024 | 46.15 | 49.95 | 50.00 | 44.25 | 1.008 times |
| 03 Fri May 2024 | 49.65 | 51.40 | 52.45 | 49.10 | 0.401 times |
| 26 Fri Apr 2024 | 51.00 | 51.05 | 53.15 | 49.10 | 1.223 times |
| 19 Fri Apr 2024 | 49.05 | 44.25 | 49.75 | 43.05 | 3.105 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 Morepen Lab (MOREPENLAB)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 46.85 | 50.05 | 50.85 | 44.25 | 0.329 times |
| 30 Tue Apr 2024 | 50.05 | 42.65 | 53.15 | 42.65 | 1.184 times |
| 28 Thu Mar 2024 | 42.05 | 49.65 | 51.65 | 38.55 | 0.369 times |
| 29 Thu Feb 2024 | 49.55 | 53.35 | 56.40 | 47.10 | 1.161 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 Morepen Lab (MOREPENLAB)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 18, 22, 10 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 44 | None |
| CCI | 37 | Sell |
| RSI | 50 | Buy |
| OBV | 12114702 | Sell |
| VWAP | 47 | Buy |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Morepen Lab ( (MOREPENLAB) ) 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 Morepen Lab ( (MOREPENLAB) ) 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 Morepen Lab ( (MOREPENLAB) ) 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 Morepen Lab ( (MOREPENLAB) ) 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 Morepen Lab stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Morepen Lab in short term and the sell signal is strong.
Morepen Lab 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Morepen Lab in short term but SELL signal is weak.
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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Morepen Lab is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 46.69 and Morepen Lab (MOREPENLAB) 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 Morepen Lab (MOREPENLAB) stock. Volume based technical analysis of Morepen Lab (MOREPENLAB) stock is negative.
Morepen Lab 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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