511367 NEWS why is Meglon price falling or rising

511367 NEWS reasons for why stock price of Meglon is falling or rising

511367 Meglon is falling or rising technical reasons

Technical analysis forecast for Meglon Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Meglon 511367 at this time. Stock is falling and might fall more.

It appears as if Meglon 511367 gave a large move recently.

Stock of Meglon (511367) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Meglon is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Meglon stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 1.4 as target. However if you take a buy trade in Meglon, then use 2.3 as stoploss and 3.08 as target.

511367 Meglon is falling or rising NEWS fundamental reasons

More announcements and NEWS

511367 Meglon current price & indicator signals

Moving Averages for Meglon

  • 5Day Average: 2.17
  • 12Day Average: 2.46
  • 20Day Average: 3.02
  • 50Day Average: 5.26
  • 100Day Average: 4.6

511367 Indicators & signals

Indicator MACD (12,26,9)

2.58, 3.41, -0.85
Indicator MACD is in negative zone

Indicator ADX (14)

26.32, 26.92, 46.15
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 511367 Meglon are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
05 Mon Sep 2022 2.29 2.19 to 2.29 4.57% 0.11 times
29 Mon Aug 2022 2.19 1.99 to 2.19 4.78% 0.15 times
22 Mon Aug 2022 2.09 2.09 to 2.13 0% 0.01 times
16 Tue Aug 2022 2.09 2.09 to 2.31 -5% 3.61 times
08 Mon Aug 2022 2.20 2.20 to 2.42 -4.76% 0.19 times
01 Mon Aug 2022 2.31 2.31 to 2.31 -4.94% 0.54 times
25 Mon Jul 2022 2.43 2.40 to 2.64 -3.57% 2.7 times
18 Mon Jul 2022 2.52 2.52 to 2.52 -4.91% 1.19 times
11 Mon Jul 2022 2.65 2.65 to 2.65 -4.68% 0.4 times
04 Mon Jul 2022 2.78 2.78 to 2.78 -4.79% 0.39 times
27 Mon Jun 2022 2.92 2.92 to 2.92 -4.89% 0.81 times
20 Mon Jun 2022 3.07 3.07 to 3.07 -4.95% 0.29 times

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511367 NEWS why is Meglon price falling or rising

 

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