(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 2024-08-06 View latest technical analysis
10 day averaged volume of is 130357
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 16.75 | 16.72 | 17.20 | 16.66 | 0.402 times |
| 05 Mon Aug 2024 | 16.69 | 16.57 | 16.90 | 15.90 | 0.968 times |
| 02 Fri Aug 2024 | 17.56 | 18.28 | 18.46 | 17.55 | 0.652 times |
| 01 Thu Aug 2024 | 18.83 | 19.14 | 19.29 | 18.42 | 0.953 times |
| 31 Wed Jul 2024 | 19.11 | 19.17 | 19.46 | 18.69 | 1.391 times |
| 30 Tue Jul 2024 | 18.97 | 19.39 | 19.40 | 18.84 | 0.756 times |
| 29 Mon Jul 2024 | 19.36 | 19.40 | 19.46 | 18.88 | 1.357 times |
| 26 Fri Jul 2024 | 19.02 | 19.28 | 19.37 | 18.88 | 1.148 times |
| 25 Thu Jul 2024 | 19.07 | 18.76 | 19.24 | 18.65 | 0.737 times |
| 24 Wed Jul 2024 | 18.68 | 19.03 | 19.50 | 18.43 | 1.212 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.4, but if it comes above 17.4, then a intra day buy could be more profitable.
If you take a sell trade below 17.4, then use 17.4 as stoploss and 16.3 as target. However if you take a buy trade in stock , then use 17.4 as stoploss and 18.27 as target.
Share price targets for (MEC)
| Target Type | Value |
| Downside Target | 13.15 |
| Downside Target | 14.50 |
| Downside Target | 15.41 |
| Downside Target | 15.90 |
| Downside Target | 16.54 |
| Upside Target | 17.00 |
| Upside Target | 17.98 |
| Upside Target | 18.43 |
| Upside Target | 19.14 |
| Upside Target | 19.29 |
| Upside Target | 19.46 |
| Upside Target | 19.50 |
Intraday share price targets for (MEC)
| Target Type | Value |
| Downside Intraday Target | 16.03 |
| Downside Intraday Target | 15.32 |
| Upside Intraday Target | 17.33 |
| Upside Intraday Target | 17.92 |
| Downside Intraday Target | 16.62 |
Weekly technical analysis of (MEC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 16.75 | 16.57 | 17.20 | 15.90 | 0.268 times |
| 02 Fri Aug 2024 | 17.56 | 19.40 | 19.46 | 17.55 | 0.946 times |
| 26 Fri Jul 2024 | 19.02 | 19.03 | 19.50 | 18.43 | 0.925 times |
| 19 Fri Jul 2024 | 18.63 | 17.51 | 19.14 | 17.51 | 1.369 times |
| 12 Fri Jul 2024 | 17.43 | 16.25 | 17.98 | 16.07 | 4.678 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 (MEC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 16.75 | 19.14 | 19.29 | 15.90 | 0.141 times |
| 31 Wed Jul 2024 | 19.11 | 16.64 | 19.50 | 15.98 | 1.123 times |
| 28 Fri Jun 2024 | 16.66 | 16.10 | 17.00 | 15.41 | 1.088 times |
| 31 Fri May 2024 | 16.02 | 13.91 | 16.54 | 13.30 | 1.462 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 (MEC)
Price action analysis of ( (MEC) ) 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 ( (MEC) ) 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 ( (MEC) ) 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 ( (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 SELL. 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 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 in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 18.59 and (MEC) 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 (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 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 ( (MEC) ) 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 ( (MEC) ) 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 ( (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 SELL. 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 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 in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 18.59 and (MEC) 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 (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.