(Mel) Mel ForceIndex charts technical analysis
(Mel) Mel ForceIndex charts technical analysis ForceIndex analysis of Mel | Buy/Sell Mel
10 day averaged volume of Mel is 40136
| Date | Closing Price | Open | High | Low | Volume |
| 07 Wed Jun 2023 | 16.75 | 17.60 | 17.60 | 14.50 | 0.003 Mn |
| 06 Tue Jun 2023 | 16.00 | 15.70 | 16.10 | 15.50 | 0.051 Mn |
| 05 Mon Jun 2023 | 15.69 | 16.50 | 17.10 | 15.68 | 0.055 Mn |
| 02 Fri Jun 2023 | 16.50 | 16.00 | 16.50 | 16.00 | 0.055 Mn |
| 01 Thu Jun 2023 | 16.00 | 15.32 | 16.45 | 15.32 | 0.022 Mn |
| 31 Wed May 2023 | 15.71 | 15.75 | 16.50 | 15.71 | 0.052 Mn |
| 30 Tue May 2023 | 16.50 | 15.90 | 16.80 | 15.90 | 0.033 Mn |
| 29 Mon May 2023 | 16.15 | 16.80 | 16.80 | 16.00 | 0.051 Mn |
| 26 Fri May 2023 | 16.26 | 16.65 | 16.80 | 15.81 | 0.005 Mn |
| 25 Thu May 2023 | 16.49 | 16.70 | 16.70 | 15.20 | 0.036 Mn |
Indicators analysis of Mel (Mel)
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
ForceIndex charts
Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Mel ( (Mel) ) based on a short 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 Mel ( (Mel) ) 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 Mel ( (Mel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mel stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mel 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 weakening, and bulls are picking up momentum!
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 Mel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 16.11 and Mel (Mel) 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 Mel (Mel) stock. Volume based technical analysis of Mel (Mel) stock is negative.
Mel 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.
Click here for further forecast and predictions for tomorrow