(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 2021-09-08 View latest technical analysis
10 day averaged volume of Mel is 11655
|Date||Daily Closing Price||Open||High||Low||Volume|
|08 Wed Sep 2021||9.01||9.79||9.79||8.97||0.148 times|
|07 Tue Sep 2021||9.44||9.45||9.45||8.61||1.794 times|
|06 Mon Sep 2021||9.00||9.10||9.70||8.83||0.261 times|
|03 Fri Sep 2021||9.29||8.50||9.29||8.50||0.005 times|
|02 Thu Sep 2021||8.90||9.30||9.75||8.90||1.028 times|
|01 Wed Sep 2021||9.32||8.92||9.36||8.48||0.162 times|
|31 Tue Aug 2021||8.92||8.50||8.92||8.50||0.943 times|
|30 Mon Aug 2021||8.50||8.50||8.50||7.72||1.934 times|
|27 Fri Aug 2021||8.10||8.07||8.89||8.05||2.471 times|
|26 Thu Aug 2021||8.47||8.94||8.96||8.12||1.182 times|
My analysis of stock is bullish for shortterm, and stock might move up till 9.4 or till 10.1. Use a stoploss of 8.81 and if this stock hits its stoploss, then it can fall down till 8.24
Share price targets for Mel (Mel)
Intraday share price targets for Mel (Mel)
|Downside Intraday Target||8.48|
|Downside Intraday Target||7.96|
|Upside Intraday Target||9.66|
|Upside Intraday Target||10.32|
|Upside Intraday Target||9.14|
Weekly technical analysis of Mel (Mel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|08 Wed Sep 2021||9.01||9.10||9.79||8.61||0.541 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 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|
|08 Wed Sep 2021||9.01||8.92||9.79||8.48||0.133 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||29, 19, 20||Buy|
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 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 gaining momentum.
MACD generated a SELL signal for Mel in short term but the sell signal is initial and weak.
Mel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down
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
Although the stock is in the BUY zone, but buying 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 8.68 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.