LEMERITE_SM NEWS why is Le Merite Exports Limited price falling or rising

LEMERITE_SM NEWS reasons for why stock price of Le Merite Exports Limited is falling or rising

LEMERITE_SM Le Merite is falling or rising technical reasons

Technical analysis forecast of Le Merite Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Le Merite LEMERITE_SM at this time. Stock is rising and might rise more.

It appears as if Le Merite LEMERITE_SM gave a large move recently.

Stock of Le Merite (LEMERITE_SM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Le Merite is bullish for shortterm, and stock might move up till 69.5 or till 73.3. Use a stoploss of 66.24 and if this stock hits its stoploss, then it can fall down till 63.01

LEMERITE_SM Le Merite is falling or rising NEWS fundamental reasons

More announcements and NEWS

LEMERITE_SM Le Merite Exports Limited current price & indicator signals

Moving Averages for Le Merite Exports Limited

  • 5Day Average: 66.45
  • 12Day Average: 68.43
  • 20Day Average: 66.65
  • 50Day Average: 62
  • 100Day Average: 53.74
  • 150Day Average: 51.66
  • 200Day Average: 50.91

LEMERITE_SM Indicators & signals

Indicator MACD (12,26,9)

67.2, 65.36, 2.35
Indicator MACD is in positive zone

Indicator ADX (14)

18.57, 14.69, 21.39
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of LEMERITE_SM Le Merite Exports Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 67.50 65.75 to 67.50 0.52% 0.34 times
22 Mon Apr 2024 67.15 60.50 to 67.35 0.6% 0.38 times
19 Fri Apr 2024 66.75 62.75 to 66.75 1.52% 0.77 times
18 Thu Apr 2024 65.75 65.15 to 68.20 1% 0.94 times
16 Tue Apr 2024 65.10 62.00 to 69.30 -6.33% 1.4 times
15 Mon Apr 2024 69.50 65.50 to 70.00 0.29% 1.45 times
12 Fri Apr 2024 69.30 68.65 to 71.45 -2.67% 0.6 times
10 Wed Apr 2024 71.20 69.00 to 71.60 2.45% 1.66 times
09 Tue Apr 2024 69.50 68.70 to 72.00 0.07% 0.98 times
08 Mon Apr 2024 69.45 69.35 to 71.50 -3.14% 0.64 times
05 Fri Apr 2024 71.70 67.75 to 72.00 4.98% 1.19 times
04 Thu Apr 2024 68.30 67.00 to 70.00 1.71% 0.64 times

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LEMERITE_SM NEWS why is Le Merite Exports Limited price falling or rising

 

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