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(MDGL) Madrigal Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Madrigal Pharmaceuticals | (MDGL) share price targets

Complete technical analysis of Madrigal Pharmaceuticals (MDGL) by charts plus indicators, forecast predictions and share price targets for Madrigal Pharmaceuticals (MDGL)

Madrigal Pharmaceuticals trades in USA in Health Care sector.

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Madrigal Pharmaceuticals is 679360

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	236.54	249.36	249.98	235.08	0.691 times
22 Thu Feb 2024	248.53	230.47	253.00	230.47	0.872 times
21 Wed Feb 2024	228.24	228.97	235.09	225.02	0.616 times
20 Tue Feb 2024	229.71	232.85	239.00	227.00	0.494 times
16 Fri Feb 2024	233.13	219.35	241.87	219.35	0.894 times
15 Thu Feb 2024	222.22	217.54	223.51	214.00	0.568 times
14 Wed Feb 2024	217.98	208.85	225.00	208.09	0.785 times
13 Tue Feb 2024	204.80	208.68	214.63	203.53	0.997 times
12 Mon Feb 2024	216.33	192.90	218.47	191.30	1.407 times
09 Fri Feb 2024	189.88	172.61	189.98	168.25	1.322 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 235.2, but if it comes below 235.2, then a intra day sell could be more profitable.
If you take a sell trade below 235.2, then use 235.2 as stoploss and 217.45 as target. However if you take a buy trade in stock , then use 235.2 as stoploss and 256.5 as target.

Share price targets for Madrigal Pharmaceuticals (MDGL)

Target Type	Value
Downside Target	119.76
Downside Target	130.78
Downside Target	151.98
Downside Target	168.25
Downside Target	191.30
Downside Target	208.51
Downside Target	215.16
Downside Target	225.02
Upside Target	239.21
Upside Target	241.87
Upside Target	245.17
Upside Target	245.31
Upside Target	253.00

Intraday share price targets for Madrigal Pharmaceuticals (MDGL)

Target Type	Value
Downside Intraday Target	223.37
Downside Intraday Target	210.21
Upside Intraday Target	251.35
Upside Intraday Target	266.17
Upside Intraday Target	238.19

Weekly technical analysis of Madrigal Pharmaceuticals (MDGL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	236.54	232.85	253.00	225.02	0.575 times
16 Fri Feb 2024	233.13	192.90	241.87	191.30	0.481 times
09 Fri Feb 2024	189.88	217.51	227.16	168.25	5.675 times
02 Fri Feb 2024	220.28	226.16	228.23	215.16	0.881 times
26 Fri Jan 2024	225.97	226.00	239.21	216.35	0.968 times

Price has moved up 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 Madrigal Pharmaceuticals (MDGL)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	236.54	218.87	253.00	168.25	1.876 times
31 Wed Jan 2024	216.71	229.65	245.17	208.99	0.763 times
29 Fri Dec 2023	231.38	201.74	245.31	194.88	0.966 times
30 Thu Nov 2023	203.30	132.17	208.51	130.78	0.853 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Madrigal Pharmaceuticals (MDGL)

Price action analysis of Madrigal Pharmaceuticals ( (MDGL) ) 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 Madrigal Pharmaceuticals ( (MDGL) ) based on a short to mid 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 Madrigal Pharmaceuticals ( (MDGL) ) 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 Madrigal Pharmaceuticals stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Madrigal Pharmaceuticals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Madrigal Pharmaceuticals 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Madrigal Pharmaceuticals in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Stock of Madrigal Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 219.7 and Madrigal Pharmaceuticals (MDGL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Madrigal Pharmaceuticals (MDGL) stock. Volume based technical analysis of Madrigal Pharmaceuticals (MDGL) stock is negative.

Madrigal Pharmaceuticals 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.