(MGEL) Mangalam Global complete technical analysis [charts+indicators] | Buy/Sell Mangalam Global | (MGEL) share price targets
Complete technical analysis of Mangalam Global (MGEL) by charts plus indicators, forecast predictions and share price targets for Mangalam Global (MGEL)
10 day averaged volume of Mangalam Global is 228623
Date | Daily Closing Price | Open | High | Low | Volume |
17 Fri May 2024 | 22.10 | 22.80 | 22.90 | 21.65 | 0.569 times |
16 Thu May 2024 | 22.60 | 23.45 | 23.60 | 22.50 | 0.62 times |
15 Wed May 2024 | 22.95 | 22.00 | 24.00 | 21.40 | 2.126 times |
14 Tue May 2024 | 21.70 | 22.15 | 22.15 | 21.55 | 0.485 times |
13 Mon May 2024 | 21.90 | 21.90 | 22.65 | 20.60 | 1.1 times |
My analysis of stock is bullish for shortterm, and stock might move up till 23 or till 25. Use a stoploss of 21.39 and if this stock hits its stoploss, then it can fall down till 19.76
Share price targets for Mangalam Global (MGEL)
Target Type | Value |
Downside Target | 16.10 |
Downside Target | 17.50 |
Downside Target | 17.90 |
Downside Target | 18.40 |
Downside Target | 19.50 |
Downside Target | 20.60 |
Downside Target | 21.15 |
Upside Target | 22.90 |
Upside Target | 23.50 |
Upside Target | 24.00 |
Upside Target | 24.95 |
Upside Target | 25.70 |
Upside Target | 26.40 |
Intraday share price targets for Mangalam Global (MGEL)
Target Type | Value |
Downside Intraday Target | 20.47 |
Downside Intraday Target | 18.83 |
Upside Intraday Target | 23.87 |
Upside Intraday Target | 25.63 |
Upside Intraday Target | 22.23 |
Weekly technical analysis of Mangalam Global (MGEL)
Date | Weekly Closing Price | Open | High | Low | Volume |
17 Fri May 2024 | 22.10 | 21.90 | 24.00 | 20.60 | 0.961 times |
10 Fri May 2024 | 21.75 | 23.50 | 23.50 | 19.90 | 0.224 times |
03 Fri May 2024 | 23.05 | 24.00 | 26.40 | 21.15 | 2.689 times |
26 Fri Apr 2024 | 23.25 | 19.10 | 23.25 | 18.40 | 2.846 times |
19 Fri Apr 2024 | 18.75 | 19.50 | 19.50 | 17.50 | 0.869 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 Mangalam Global (MGEL)
Date | Monthly Closing Price | Open | High | Low | Volume |
17 Fri May 2024 | 22.10 | 25.70 | 25.70 | 19.90 | 0.442 times |
30 Tue Apr 2024 | 23.20 | 19.95 | 26.40 | 17.50 | 1.576 times |
28 Thu Mar 2024 | 19.65 | 22.20 | 22.90 | 17.90 | 0.58 times |
29 Thu Feb 2024 | 22.20 | 22.40 | 24.95 | 19.80 | 0.671 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 Mangalam Global (MGEL)
Indicator Name | Indicator Value | Indicator Signal |
ADX | 31, 17, 30 | Buy |
MACD | 1, 1 | Buy |
Stochastics | 57 | None |
CCI | 40 | Sell |
RSI | 66 | Buy |
OBV | -501120 | Sell |
VWAP | 22 | Buy |
ADL | 0 | Sell |
ROC | -4 | Sell |
Force Index | 0 | Sell |
Price action analysis of Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) 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 Mangalam Global ( (MGEL) ) based on a short to mid 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 Mangalam Global ( (MGEL) ) 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 Mangalam Global stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Mangalam Global in short term and the buy signal is strong.
Mangalam Global 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 in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mangalam Global in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mangalam Global is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 21.93 and Mangalam Global (MGEL) 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 Mangalam Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.
Mangalam Global 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.
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