(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 2021-09-17 View latest technical analysis
10 day averaged volume of Mel is 5271
|Date||Daily Closing Price||Open||High||Low||Volume|
|17 Fri Sep 2021||8.96||8.69||9.59||8.69||2.11 times|
|16 Thu Sep 2021||9.14||9.50||9.50||9.11||1.038 times|
|15 Wed Sep 2021||9.58||9.34||9.74||8.88||0.747 times|
|14 Tue Sep 2021||9.34||9.33||9.34||8.46||0.256 times|
|13 Mon Sep 2021||8.90||9.55||9.70||8.90||0.542 times|
|09 Thu Sep 2021||9.34||9.01||9.44||9.01||0.261 times|
|08 Wed Sep 2021||9.01||9.79||9.79||8.97||0.327 times|
|07 Tue Sep 2021||9.44||9.45||9.45||8.61||3.967 times|
|06 Mon Sep 2021||9.00||9.10||9.70||8.83||0.577 times|
|03 Fri Sep 2021||9.29||8.50||9.29||8.50||0.011 times|
Stock of Mel (Mel) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, and stock might move up till 9.3 or till 9.9. Use a stoploss of 8.87 and if this stock hits its stoploss, then it can fall down till 8.4
Share price targets for Mel (Mel)
Intraday share price targets for Mel (Mel)
|Downside Intraday Target||8.37|
|Downside Intraday Target||7.77|
|Upside Intraday Target||9.65|
|Upside Intraday Target||10.33|
|Upside Intraday Target||9.05|
Weekly technical analysis of Mel (Mel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|17 Fri Sep 2021||8.96||9.55||9.74||8.46||0.915 times|
|09 Thu Sep 2021||9.34||9.10||9.79||8.61||0.57 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|
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|
|17 Fri Sep 2021||8.96||8.92||9.79||8.46||0.221 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||22, 22, 0||Sell|
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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL. 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.
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 coming down
CCI has generated a SELL signal for Mel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining 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 9.24 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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