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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 2023-12-21 View latest technical analysis

10 day averaged volume of Nemaura Medical is 243420

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Dec 2023	0.17	0.18	0.18	0.16	0.452 times
20 Wed Dec 2023	0.17	0.16	0.17	0.16	0.248 times
19 Tue Dec 2023	0.17	0.16	0.17	0.16	0.618 times
18 Mon Dec 2023	0.17	0.18	0.18	0.15	1.406 times
15 Fri Dec 2023	0.17	0.17	0.18	0.16	1.027 times
14 Thu Dec 2023	0.15	0.16	0.17	0.15	0.605 times
13 Wed Dec 2023	0.16	0.17	0.17	0.15	0.85 times
12 Tue Dec 2023	0.17	0.17	0.19	0.15	0.687 times
11 Mon Dec 2023	0.16	0.21	0.21	0.15	2.577 times
08 Fri Dec 2023	0.21	0.23	0.23	0.21	0.188 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.2, but if it comes above 0.2, then a intra day buy could be more profitable.
If you take a sell trade below 0.2, then use 0.2 as stoploss and 0.1 as target. However if you take a buy trade in stock , then use 0.2 as stoploss and 0.2 as target.

Share price targets for Nemaura Medical (NMRD)

Target Type	Value
Downside Target	0.15
Upside Target	0.18
Upside Target	0.20
Upside 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	0.15
Downside Intraday Target	0.14
Upside Intraday Target	0.18
Upside Intraday Target	0.2
Downside Intraday Target	0.17

Weekly technical analysis of Nemaura Medical (NMRD)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Dec 2023	0.17	0.18	0.18	0.15	0.474 times
15 Fri Dec 2023	0.17	0.21	0.21	0.15	1.849 times
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

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 Nemaura Medical (NMRD)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Dec 2023	0.17	0.22	0.26	0.15	1.383 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Nemaura Medical ( (NMRD) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Nemaura Medical in short term but BUY signal is weak.

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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.17 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.