(MEIP) Mei Pharma complete technical analysis [charts+indicators] | Buy/Sell Mei Pharma | (MEIP) share price targets
Complete technical analysis of Mei Pharma (MEIP) by charts plus indicators, forecast predictions and share price targets for Mei Pharma (MEIP)
Mei Pharma trades in USA in Health Care sector.
10 day averaged volume of Mei Pharma is 19785
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 2.93 | 3.08 | 3.31 | 2.87 | 3.124 times |
| 15 Wed May 2024 | 3.11 | 3.16 | 3.24 | 3.07 | 1.467 times |
| 14 Tue May 2024 | 3.16 | 3.11 | 3.24 | 3.08 | 0.748 times |
| 13 Mon May 2024 | 3.12 | 3.00 | 3.12 | 3.00 | 0.5 times |
| 10 Fri May 2024 | 3.02 | 3.07 | 3.07 | 3.01 | 0.425 times |
Stock of Mei Pharma (MEIP) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2.9, for a target of 3 or 3.13
Share price targets for Mei Pharma (MEIP)
| Target Type | Value |
| Downside Target | 2.87 |
| Upside Target | 2.99 |
| Upside Target | 3.20 |
| Upside Target | 3.30 |
| Upside Target | 3.44 |
| Upside Target | 3.46 |
| Upside Target | 4.11 |
| Upside Target | 4.13 |
| Upside Target | 4.33 |
| Upside Target | 4.48 |
| Upside Target | 4.97 |
| Upside Target | 6.26 |
Intraday share price targets for Mei Pharma (MEIP)
| Target Type | Value |
| Downside Intraday Target | 2.76 |
| Downside Intraday Target | 2.6 |
| Upside Intraday Target | 3.2 |
| Upside Intraday Target | 3.48 |
| Upside Intraday Target | 3.04 |
Weekly technical analysis of Mei Pharma (MEIP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 2.93 | 3.00 | 3.31 | 2.87 | 1.772 times |
| 10 Fri May 2024 | 3.02 | 3.06 | 3.30 | 2.99 | 1.219 times |
| 03 Fri May 2024 | 3.06 | 3.02 | 3.20 | 3.01 | 1.23 times |
| 26 Fri Apr 2024 | 3.05 | 3.22 | 3.45 | 3.03 | 0.565 times |
| 19 Fri Apr 2024 | 3.25 | 3.34 | 3.44 | 3.20 | 0.764 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 Mei Pharma (MEIP)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 2.93 | 3.01 | 3.31 | 2.87 | 0.606 times |
| 30 Tue Apr 2024 | 3.05 | 4.00 | 4.11 | 3.02 | 0.677 times |
| 28 Thu Mar 2024 | 4.00 | 4.21 | 4.33 | 3.46 | 1.437 times |
| 29 Thu Feb 2024 | 4.15 | 4.50 | 4.97 | 4.13 | 0.706 times |
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 Mei Pharma (MEIP)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 25, 35, 17 | Sell |
| MACD | -0, -0 | Buy |
| Stochastics | 36 | None |
| CCI | -123 | Sell |
| RSI | 47 | Sell |
| OBV | -117048 | Sell |
| VWAP | 3 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mei Pharma ( (MEIP) ) 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 Mei Pharma ( (MEIP) ) based on a short 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 Mei Pharma ( (MEIP) ) based on a short to mid term time period is
Price action analysis of Mei Pharma ( (MEIP) ) 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 Mei Pharma stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Mei Pharma in short term but the buy signal is initial and weak.
Mei Pharma Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
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 Mei Pharma in short term and SELL signal is strong!
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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mei Pharma is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.06 and Mei Pharma (MEIP) 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 Mei Pharma (MEIP) stock. Volume based technical analysis of Mei Pharma (MEIP) stock is negative.
Mei Pharma 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.
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