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(Mel) Mel Weekly charts technical analysis

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

10 day averaged volume of Mel is 8063

Date Closing Price Open High Low Volume
19 Tue Oct 2021 9.45 9.25 9.62 8.72 0.062 Mn
14 Thu Oct 2021 9.31 8.83 9.31 8.36 0.017 Mn
08 Fri Oct 2021 8.84 8.57 8.94 8.00 0.042 Mn
01 Fri Oct 2021 8.57 9.40 9.50 8.30 0.078 Mn
24 Fri Sep 2021 9.20 8.52 9.40 8.52 0.06 Mn
17 Fri Sep 2021 8.96 9.55 9.74 8.46 0.025 Mn
09 Thu Sep 2021 9.34 9.10 9.79 8.61 0.027 Mn
03 Fri Sep 2021 9.29 8.50 9.75 7.72 0.047 Mn
27 Fri Aug 2021 8.10 8.01 9.05 7.43 0.085 Mn
20 Fri Aug 2021 7.82 8.70 8.95 7.75 0.023 Mn

Indicators analysis of Mel (Mel)

Price action analysis of Mel ( (Mel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mel ( (Mel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mel ( (Mel) ) 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 Mel ( (Mel) ) 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 Mel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mel 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.

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 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 Mel in short term and BUY signal is strong.

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 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 8.84 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Weekly charts

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

Weekly chart
Indicator Name Indicator Value Indicator Signal
ADX 31, 13, 40 Buy
MACD 2, 2Buy
Stochastics 60None
CCI 94Buy
RSI 55Buy
OBV 257991Sell
VWAP 9Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

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