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(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)

Showing technical analysis as on 2024-10-08 View latest technical analysis

10 day averaged volume of Morepen Lab is 986798

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	83.89	78.01	84.51	77.50	0.828 times
07 Mon Oct 2024	78.39	84.56	85.40	77.42	2.267 times
03 Thu Oct 2024	84.80	85.94	86.99	83.85	0.747 times
01 Tue Oct 2024	87.72	85.51	88.44	85.51	1.989 times
30 Mon Sep 2024	85.54	85.30	87.57	85.00	0.286 times
27 Fri Sep 2024	86.63	86.34	88.00	85.23	0.405 times
26 Thu Sep 2024	86.41	89.12	89.60	86.10	0.651 times
25 Wed Sep 2024	89.42	88.39	90.59	85.41	1.146 times
24 Tue Sep 2024	88.58	86.90	91.60	85.48	1.564 times
23 Mon Sep 2024	86.26	86.71	87.38	84.90	0.339 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 84, but if it comes above 84, then a intra day buy could be more profitable.
If you take a sell trade below 84, then use 84 as stoploss and 78.7 as target. However if you take a buy trade in stock , then use 84 as stoploss and 88.41 as target.

Share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Target	42.01
Downside Target	51.96
Downside Target	55.50
Downside Target	59.81
Downside Target	62.09
Downside Target	77.42
Downside Target	79.30
Downside Target	82.73
Upside Target	88.44
Upside Target	91.60
Upside Target	94.05
Upside Target	100.80

Intraday share price targets for Morepen Lab (MorepenLab)

Target Type	Value
Downside Intraday Target	79.07
Downside Intraday Target	74.26
Upside Intraday Target	87.05
Upside Intraday Target	90.22
Downside Intraday Target	82.24

Weekly technical analysis of Morepen Lab (MorepenLab)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	83.89	84.56	85.40	77.42	1.024 times
03 Thu Oct 2024	84.80	85.30	88.44	83.85	0.736 times
27 Fri Sep 2024	86.63	86.71	91.60	84.90	0.851 times
20 Fri Sep 2024	86.35	93.69	94.05	82.73	0.464 times
13 Fri Sep 2024	93.66	89.50	100.80	85.16	0.753 times

Price has moved down 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
08 Tue Oct 2024	83.89	85.51	88.44	77.42	0.174 times
30 Mon Sep 2024	85.54	80.10	100.80	79.30	0.556 times
30 Fri Aug 2024	79.70	60.00	86.00	55.50	3.822 times
31 Wed Jul 2024	59.78	55.69	62.09	51.96	0.977 times

Scroll below to view daily charts

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)

Price action analysis of Morepen Lab ( (MorepenLab) ) based on a short 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 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 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 Morepen Lab stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Morepen Lab in short term but the sell signal is initial and weak.

Morepen Lab Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Morepen Lab in short term but BUY 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 85.21 and Morepen Lab (MorepenLab) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.