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(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, 1Buy
Stochastics 57None
CCI 40Sell
RSI 66Buy
OBV -501120Sell
VWAP 22Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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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