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(NMRD) Nemaura Medical complete technical analysis [charts+indicators] | Buy/Sell Nemaura Medical | (NMRD) share price targets

Complete technical analysis of Nemaura Medical (NMRD) by charts plus indicators, forecast predictions and share price targets for Nemaura Medical (NMRD)

Nemaura Medical trades in USA in Health Care sector.

Showing technical analysis as on 2023-12-08 View latest technical analysis

10 day averaged volume of Nemaura Medical is 108230

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	0.21	0.23	0.23	0.21	0.423 times
07 Thu Dec 2023	0.21	0.23	0.24	0.20	4.036 times
06 Wed Dec 2023	0.22	0.24	0.24	0.21	1.115 times
05 Tue Dec 2023	0.23	0.23	0.24	0.21	0.353 times
04 Mon Dec 2023	0.22	0.24	0.26	0.22	1.063 times
01 Fri Dec 2023	0.22	0.22	0.23	0.22	0.383 times
30 Thu Nov 2023	0.22	0.23	0.23	0.22	0.313 times
29 Wed Nov 2023	0.23	0.22	0.24	0.22	0.324 times
28 Tue Nov 2023	0.23	0.23	0.24	0.21	0.676 times
27 Mon Nov 2023	0.24	0.24	0.27	0.23	0.624 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.2 as stoploss in an intra day buy trade for a target of 0.23. However, stock will show a bearish move below 0.2.

Share price targets for Nemaura Medical (NMRD)

Target Type	Value
Downside Target	0.20
Downside Target	0.21
Upside Target	0.23
Upside Target	0.25
Upside Target	0.26
Upside Target	0.27
Upside Target	0.28
Upside Target	0.30
Upside Target	0.39
Upside Target	0.41
Upside Target	0.59
Upside Target	1.00

Intraday share price targets for Nemaura Medical (NMRD)

Target Type	Value
Downside Intraday Target	0.19
Downside Intraday Target	0.16
Upside Intraday Target	0.25
Upside Intraday Target	0.28
Upside Intraday Target	0.22

Weekly technical analysis of Nemaura Medical (NMRD)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	0.21	0.24	0.26	0.20	3.013 times
01 Fri Dec 2023	0.22	0.24	0.27	0.21	0.197 times
24 Fri Nov 2023	0.24	0.26	0.28	0.23	4.505 times
17 Fri Nov 2023	0.25	0.24	0.28	0.23	1.665 times
10 Fri Nov 2023	0.24	0.27	0.28	0.23	0.761 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nemaura Medical (NMRD)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	0.21	0.22	0.26	0.20	0.386 times
30 Thu Nov 2023	0.22	0.26	0.28	0.21	1.092 times
31 Tue Oct 2023	0.26	0.33	0.39	0.25	0.29 times
29 Fri Sep 2023	0.32	0.46	0.59	0.30	0.984 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 Nemaura Medical (NMRD)

Price action analysis of Nemaura Medical ( (NMRD) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Nemaura Medical ( (NMRD) ) 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 Nemaura Medical ( (NMRD) ) 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 Nemaura Medical ( (NMRD) ) based on a mid to longer 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.

ADX buy sell signal for Nemaura Medical stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Nemaura Medical in short term but the buy signal is initial and weak.

Nemaura Medical 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Nemaura Medical in short term

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Nemaura Medical is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.22 and Nemaura Medical (NMRD) 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 Nemaura Medical (NMRD) stock. Volume based technical analysis of Nemaura Medical (NMRD) stock is negative.

Nemaura Medical Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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