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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)

Showing technical analysis as on 2021-09-07 View latest technical analysis

10 day averaged volume of Mel is 10586

Date Daily Closing Price Open High Low Volume
07 Tue Sep 2021 9.44 9.45 9.45 8.61 1.975 times
06 Mon Sep 2021 9.00 9.10 9.70 8.83 0.287 times
03 Fri Sep 2021 9.29 8.50 9.29 8.50 0.006 times
02 Thu Sep 2021 8.90 9.30 9.75 8.90 1.132 times
01 Wed Sep 2021 9.32 8.92 9.36 8.48 0.178 times
31 Tue Aug 2021 8.92 8.50 8.92 8.50 1.039 times
30 Mon Aug 2021 8.50 8.50 8.50 7.72 2.129 times
27 Fri Aug 2021 8.10 8.07 8.89 8.05 2.72 times
26 Thu Aug 2021 8.47 8.94 8.96 8.12 1.301 times
25 Wed Aug 2021 8.54 8.62 9.05 8.22 0.242 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 9.6 as stoploss in an intra day sell trade for a target of 8.89. However, stock will show a bullish move above 9.6.

Share price targets for Mel (Mel)

Target Type Value
Downside Target 2.72
Downside Target 2.85
Downside Target 3.00
Downside Target 3.98
Downside Target 5.29
Downside Target 7.43
Downside Target 7.67
Downside Target 8.48
Downside Target 8.95
Upside Target 9.70
Upside Target 9.75
Upside Target 10.87

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 8.8
Downside Intraday Target 8.16
Upside Intraday Target 9.89
Upside Intraday Target 10.34
Downside Intraday Target 9.25

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
07 Tue Sep 2021 9.44 9.10 9.70 8.61 0.505 times
03 Fri Sep 2021 9.29 8.50 9.75 7.72 0.56 times
27 Fri Aug 2021 8.10 8.01 9.05 7.43 3.743 times
20 Fri Aug 2021 7.82 8.70 8.95 7.75 0.259 times
13 Fri Aug 2021 9.15 10.25 10.87 9.15 1.271 times

Price has moved up 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
07 Tue Sep 2021 9.44 8.92 9.75 8.48 0.128 times
31 Tue Aug 2021 8.92 8.05 10.87 7.43 3.547 times
30 Fri Jul 2021 7.67 4.72 7.67 3.98 1.777 times
30 Wed Jun 2021 4.81 2.90 5.29 2.85 4.353 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)

Indicator Name Indicator Value Indicator Signal
ADX 28, 22, 11 Buy
MACD 1, 1Sell
Stochastics 76Buy
CCI 76Sell
RSI 59Buy
OBV 57336Sell
VWAP 9Buy
ADL 0Sell
ROC 10Buy
Force Index 0Sell

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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Mel in short term but the sell 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Mel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 8.67 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.

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Daily charts

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Daily chart

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