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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 2023-12-29 View latest technical analysis

10 day averaged volume of Nemaura Medical is 218660

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Dec 2023	0.22	0.23	0.25	0.22	1.066 times
29 Fri Dec 2023	0.22	0.23	0.25	0.22	1.066 times
28 Thu Dec 2023	0.24	0.22	0.25	0.22	2.283 times
27 Wed Dec 2023	0.20	0.19	0.20	0.18	0.942 times
26 Tue Dec 2023	0.18	0.19	0.19	0.17	1.088 times
22 Fri Dec 2023	0.18	0.17	0.18	0.17	0.445 times
21 Thu Dec 2023	0.17	0.18	0.18	0.16	0.503 times
20 Wed Dec 2023	0.17	0.16	0.17	0.16	0.276 times
19 Tue Dec 2023	0.17	0.16	0.17	0.16	0.688 times
18 Mon Dec 2023	0.17	0.18	0.18	0.15	1.565 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 0.2, but if it comes below 0.2, then a intra day sell could be more profitable.
If you take a sell trade below 0.2, then use 0.2 as stoploss and 0.19 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
Downside Target	0.17
Downside Target	0.18
Downside Target	0.20
Downside Target	0.21
Downside Target	0.22
Upside Target	0.25
Upside Target	0.26
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	0.21
Downside Intraday Target	0.2
Upside Intraday Target	0.24
Upside Intraday Target	0.26
Upside Intraday Target	0.23

Weekly technical analysis of Nemaura Medical (NMRD)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Dec 2023	0.22	0.23	0.25	0.22	0.198 times
29 Fri Dec 2023	0.22	0.19	0.25	0.17	1.547 times
22 Fri Dec 2023	0.18	0.18	0.18	0.15	0.544 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

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
29 Fri Dec 2023	0.22	0.22	0.26	0.15	2.111 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, and volume has increased substantially. This means that the move can 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 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 Nemaura Medical ( (NMRD) ) based on a short to mid 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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 0.2 and Nemaura Medical (NMRD) 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 Nemaura Medical (NMRD) stock. Volume based technical analysis of Nemaura Medical (NMRD) stock is negative.

Nemaura Medical Stock is giving positive 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.