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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 118881

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Jul 2025	19.75	19.87	20.20	19.26	0.227 times
15 Tue Jul 2025	19.86	19.80	20.85	18.90	0.439 times
14 Mon Jul 2025	19.87	20.00	20.40	19.14	0.41 times
11 Fri Jul 2025	20.14	19.50	20.59	19.00	1.416 times
10 Thu Jul 2025	37.85	38.90	39.72	36.06	2.593 times
09 Wed Jul 2025	37.95	38.40	40.50	36.80	1.723 times
08 Tue Jul 2025	38.60	38.60	38.60	38.00	1.973 times
07 Mon Jul 2025	36.77	36.68	36.78	35.55	0.792 times
04 Fri Jul 2025	35.03	33.52	35.45	33.52	0.216 times
03 Thu Jul 2025	34.20	34.45	34.99	34.00	0.19 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 18.3, for a target of 26.1 or 32.69

Share price targets for Mel (Mel)

Target Type	Value
Downside Target	18.90
Upside Target	20.85
Upside Target	22.04
Upside Target	22.51
Upside Target	26.62
Upside Target	27.25
Upside Target	28.95
Upside Target	32.50
Upside Target	34.03
Upside Target	35.78
Upside Target	38.80
Upside Target	40.50
Upside Target	41.00

Intraday share price targets for Mel (Mel)

Target Type	Value
Downside Intraday Target	18.82
Downside Intraday Target	17.88
Upside Intraday Target	20.77
Upside Intraday Target	21.78
Upside Intraday Target	19.83

Weekly technical analysis of Mel (Mel)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Jul 2025	19.75	20.00	20.85	18.90	0.127 times
11 Fri Jul 2025	20.14	36.68	40.50	19.00	8.784 times
04 Fri Jul 2025	35.03	34.01	35.78	33.00	0.239 times
27 Fri Jun 2025	34.73	34.99	41.00	34.03	0.591 times
19 Thu Jun 2025	33.30	28.45	38.80	27.25	11.482 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
16 Wed Jul 2025	19.75	35.00	40.50	18.90	0.839 times
30 Mon Jun 2025	34.40	27.46	41.00	26.62	4.233 times
30 Fri May 2025	26.81	27.00	28.95	22.51	0.607 times
30 Wed Apr 2025	27.01	24.95	32.50	22.04	1.557 times

Scroll below to view daily charts

Price has moved down 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Mel in short term and the sell signal is strong.

Mel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term but selling is losing 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 33.34 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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.