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(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 10336

Date Daily Closing Price Open High Low Volume
12 Fri Apr 2024 22.30 22.49 22.49 21.60 0.155 times
10 Wed Apr 2024 21.87 24.29 24.29 21.61 0.98 times
09 Tue Apr 2024 23.00 24.44 24.44 22.90 0.403 times
08 Mon Apr 2024 23.38 23.73 24.44 22.84 1.778 times
05 Fri Apr 2024 22.70 21.60 23.45 21.51 3.07 times
04 Thu Apr 2024 21.16 21.90 21.90 20.51 0.623 times
03 Wed Apr 2024 21.00 21.25 21.90 20.17 1.3 times
02 Tue Apr 2024 20.97 20.25 21.22 20.25 0.155 times
01 Mon Apr 2024 20.19 19.00 20.49 19.00 0.221 times
28 Thu Mar 2024 19.20 19.82 20.49 19.05 0.995 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 22.2, but if it comes below 22.2, then a intra day sell could be more profitable.
If you take a sell trade below 22.2, then use 22.2 as stoploss and 21.19 as target. However if you take a buy trade in stock , then use 22.2 as stoploss and 23.5 as target.

Share price targets for Mel (Mel)

Target Type Value
Downside Target 18.24
Downside Target 19.00
Downside Target 20.01
Downside Target 21.11
Downside Target 21.60
Upside Target 22.89
Upside Target 23.45
Upside Target 24.44
Upside Target 24.90
Upside Target 25.97
Upside Target 26.67
Upside Target 30.04

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 21.12
Downside Intraday Target 19.94
Upside Intraday Target 23.96
Upside Intraday Target 25.62
Upside Intraday Target 22.78

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
12 Fri Apr 2024 22.30 23.73 24.44 21.60 0.617 times
05 Fri Apr 2024 22.70 19.00 23.45 19.00 1.653 times
28 Thu Mar 2024 19.20 23.30 23.30 19.05 1.115 times
22 Fri Mar 2024 21.56 20.11 22.89 20.01 0.262 times
15 Fri Mar 2024 21.26 23.99 24.90 18.24 3.999 times

Price has moved down 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 Mel (Mel)

Date Monthly Closing Price Open High Low Volume
12 Fri Apr 2024 22.30 19.00 24.44 19.00 0.42 times
28 Thu Mar 2024 19.20 24.01 25.97 18.24 1.335 times
29 Thu Feb 2024 24.61 25.70 26.67 21.81 0.297 times
31 Wed Jan 2024 25.77 24.26 30.04 21.11 1.589 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mel ( (Mel) ) 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 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 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 BUY. 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 SELL signal for Mel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 21.97 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.

Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mel ( (Mel) ) 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 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 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 BUY. 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 SELL signal for Mel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 21.97 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 Mel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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