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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 2023-12-28 View latest technical analysis

10 day averaged volume of Nemaura Medical is 180830

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Dec 2023	0.24	0.22	0.25	0.22	2.761 times
27 Wed Dec 2023	0.20	0.19	0.20	0.18	1.139 times
26 Tue Dec 2023	0.18	0.19	0.19	0.17	1.316 times
22 Fri Dec 2023	0.18	0.17	0.18	0.17	0.538 times
21 Thu Dec 2023	0.17	0.18	0.18	0.16	0.608 times
20 Wed Dec 2023	0.17	0.16	0.17	0.16	0.334 times
19 Tue Dec 2023	0.17	0.16	0.17	0.16	0.832 times
18 Mon Dec 2023	0.17	0.18	0.18	0.15	1.893 times
15 Fri Dec 2023	0.17	0.17	0.18	0.16	1.382 times
14 Thu Dec 2023	0.15	0.16	0.17	0.15	0.814 times

Stock of Nemaura Medical (NMRD) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 0.2, for a target of 0.2 or 0.19

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
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	0.14
Upside Intraday Target	0.27
Upside Intraday Target	0.3
Downside Intraday Target	0.22

Weekly technical analysis of Nemaura Medical (NMRD)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Dec 2023	0.24	0.19	0.25	0.17	1.24 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
01 Fri Dec 2023	0.22	0.24	0.27	0.21	0.197 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 Nemaura Medical (NMRD)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Dec 2023	0.24	0.22	0.26	0.15	1.886 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 up 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 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.

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

Nemaura Medical Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 moving up

CCI has generated a buy signal for Nemaura Medical in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 0.19 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 rising upwards.

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.