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(Mel) Mel MACD charts technical analysis

(Mel) Mel MACD charts technical analysis MACD analysis of Mel | Buy/Sell Mel

10 day averaged volume of Mel is 10184

Date Closing Price Open High Low Volume
16 Tue Apr 2024 22.15 21.50 22.45 20.76 0.002 Mn
15 Mon Apr 2024 21.53 20.20 21.75 20.20 0.012 Mn
12 Fri Apr 2024 22.30 22.49 22.49 21.60 0.002 Mn
10 Wed Apr 2024 21.87 24.29 24.29 21.61 0.01 Mn
09 Tue Apr 2024 23.00 24.44 24.44 22.90 0.004 Mn
08 Mon Apr 2024 23.38 23.73 24.44 22.84 0.018 Mn
05 Fri Apr 2024 22.70 21.60 23.45 21.51 0.032 Mn
04 Thu Apr 2024 21.16 21.90 21.90 20.51 0.006 Mn
03 Wed Apr 2024 21.00 21.25 21.90 20.17 0.013 Mn
02 Tue Apr 2024 20.97 20.25 21.22 20.25 0.002 Mn

Indicators analysis of Mel (Mel)

MACD generated a BUY signal for Mel 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.

MACD charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

MACD chart

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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mel ( (Mel) ) 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 Mel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mel 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.

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. 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 moving up

CCI has generated a buy signal for Mel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 Mel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.25 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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.

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