(Mel) Mel complete technical analysis [charts+indicators] | Buy/Sell Mel | (Mel) share price targets
Complete technical analysis of Mel (Mel) by charts plus indicators, forecast predictions and share price targets for Mel (Mel)
10 day averaged volume of Mel is 32488
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Jun 2023 | 16.50 | 16.00 | 16.50 | 16.00 | 1.691 times |
| 01 Thu Jun 2023 | 16.00 | 15.32 | 16.45 | 15.32 | 0.682 times |
| 31 Wed May 2023 | 15.71 | 15.75 | 16.50 | 15.71 | 1.612 times |
| 30 Tue May 2023 | 16.50 | 15.90 | 16.80 | 15.90 | 1.007 times |
| 29 Mon May 2023 | 16.15 | 16.80 | 16.80 | 16.00 | 1.567 times |
| 26 Fri May 2023 | 16.26 | 16.65 | 16.80 | 15.81 | 0.152 times |
| 25 Thu May 2023 | 16.49 | 16.70 | 16.70 | 15.20 | 1.097 times |
| 24 Wed May 2023 | 15.95 | 17.00 | 17.00 | 15.50 | 1.267 times |
| 23 Tue May 2023 | 16.30 | 17.85 | 17.85 | 16.30 | 0.201 times |
| 22 Mon May 2023 | 17.10 | 17.10 | 18.10 | 17.10 | 1.098 times |
My analysis of stock is bearish for shortterm, and stock might move down till 15.9 or till 15.1. Use a stoploss of 16.6 and if the stock hits stoploss, then it can shoot up till 17.28
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 12.90 |
| Downside Target | 14.26 |
| Downside Target | 14.70 |
| Downside Target | 15.20 |
| Downside Target | 16.00 |
| Upside Target | 17.22 |
| Upside Target | 18.00 |
| Upside Target | 18.10 |
| Upside Target | 18.30 |
| Upside Target | 18.49 |
| Upside Target | 18.69 |
| Upside Target | 26.45 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 15.61 |
| Downside Intraday Target | 14.73 |
| Upside Intraday Target | 17.09 |
| Upside Intraday Target | 17.69 |
| Downside Intraday Target | 16.21 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Jun 2023 | 16.50 | 16.80 | 16.80 | 15.32 | 1.72 times |
| 26 Fri May 2023 | 16.26 | 17.10 | 18.10 | 15.20 | 1.562 times |
| 19 Fri May 2023 | 18.00 | 16.00 | 18.00 | 16.00 | 1.821 times |
| 12 Fri May 2023 | 16.00 | 16.80 | 17.22 | 15.40 | 17.818 times |
| 05 Fri May 2023 | 17.00 | 17.00 | 18.69 | 16.25 | 0.05 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mel (Mel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 02 Fri Jun 2023 | 16.50 | 15.32 | 16.50 | 15.32 | 0.2 times |
| 31 Wed May 2023 | 15.71 | 17.00 | 18.69 | 15.20 | 2.038 times |
| 28 Fri Apr 2023 | 17.10 | 15.76 | 18.30 | 14.26 | 2.358 times |
| 31 Fri Mar 2023 | 15.01 | 16.40 | 18.49 | 14.70 | 0.167 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mel (Mel)
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 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 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 Strong 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 green color and prices are in or below the green 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 16.28 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Mel (Mel) stock. Volume based technical analysis of Mel (Mel) stock is negative.
Mel Stock has given negative 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.
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 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 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 Strong 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 green color and prices are in or below the green 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 16.28 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Mel (Mel) stock. Volume based technical analysis of Mel (Mel) stock is negative.
Mel Stock has given negative 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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