(MEC) complete technical analysis [charts+indicators] | Buy/Sell | (MEC) share price targets
Complete technical analysis of (MEC) by charts plus indicators, forecast predictions and share price targets for (MEC)
Showing technical analysis as on 2024-05-30 View latest technical analysis
10 day averaged volume of is 102118
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 15.97 | 16.15 | 16.15 | 15.86 | 0.902 times |
| 29 Wed May 2024 | 15.98 | 15.78 | 16.26 | 15.75 | 0.787 times |
| 28 Tue May 2024 | 16.03 | 15.59 | 16.05 | 15.44 | 0.797 times |
| 24 Fri May 2024 | 15.39 | 15.49 | 15.49 | 15.21 | 0.978 times |
| 23 Thu May 2024 | 15.34 | 15.56 | 15.56 | 15.09 | 1.032 times |
| 22 Wed May 2024 | 15.46 | 15.54 | 15.62 | 15.32 | 1.021 times |
| 21 Tue May 2024 | 15.70 | 15.60 | 15.70 | 15.26 | 1.227 times |
| 20 Mon May 2024 | 15.68 | 15.54 | 15.83 | 15.54 | 1.273 times |
| 17 Fri May 2024 | 15.50 | 15.41 | 15.52 | 15.18 | 1.147 times |
| 16 Thu May 2024 | 15.47 | 16.05 | 16.05 | 15.33 | 0.857 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 16.2 as stoploss in an intra day sell trade for a target of 15.36. However, stock will show a bullish move above 16.2.
Share price targets for (MEC)
| Target Type | Value |
| Downside Target | 11.07 |
| Downside Target | 12.10 |
| Downside Target | 12.60 |
| Downside Target | 13.15 |
| Downside Target | 14.18 |
| Downside Target | 14.50 |
| Downside Target | 14.82 |
| Downside Target | 15.44 |
| Downside Target | 15.83 |
| Upside Target | 16.26 |
| Upside Target | 16.46 |
| Upside Target | 16.54 |
Intraday share price targets for (MEC)
| Target Type | Value |
| Downside Intraday Target | 15.52 |
| Downside Intraday Target | 15.07 |
| Upside Intraday Target | 16.34 |
| Upside Intraday Target | 16.71 |
| Downside Intraday Target | 15.89 |
Weekly technical analysis of (MEC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 15.97 | 15.59 | 16.26 | 15.44 | 0.449 times |
| 24 Fri May 2024 | 15.39 | 15.54 | 15.83 | 15.09 | 1.196 times |
| 17 Fri May 2024 | 15.50 | 16.32 | 16.54 | 15.18 | 0.606 times |
| 10 Fri May 2024 | 16.24 | 13.97 | 16.46 | 13.40 | 3.399 times |
| 03 Fri May 2024 | 13.89 | 14.01 | 14.18 | 13.30 | 0.744 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 (MEC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 15.97 | 13.91 | 16.54 | 13.30 | 1.439 times |
| 30 Tue Apr 2024 | 13.76 | 14.50 | 14.50 | 13.15 | 1.542 times |
| 28 Thu Mar 2024 | 14.33 | 12.26 | 14.82 | 12.10 | 1.192 times |
| 29 Thu Feb 2024 | 12.24 | 12.68 | 13.24 | 11.07 | 1.021 times |
Scroll below to view daily charts
Price has moved up 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 (MEC)
Price action analysis of ( (MEC) ) 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 ( (MEC) ) 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 ( (MEC) ) 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 ( (MEC) ) 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 stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for in short term but the sell signal is initial and weak.
Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for in short term but SELL 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 is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 15.64 and (MEC) 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 (MEC) stock. Volume based technical analysis of (MEC) stock is negative.
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.
Price action analysis of ( (MEC) ) 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 ( (MEC) ) 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 ( (MEC) ) 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 ( (MEC) ) 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 stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for in short term but the sell signal is initial and weak.
Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for in short term but SELL 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 is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 15.64 and (MEC) 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 (MEC) stock. Volume based technical analysis of (MEC) stock is negative.
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.