(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 11162
Date | Daily Closing Price | Open | High | Low | Volume |
27 Wed Sep 2023 | 19.80 | 19.84 | 19.84 | 19.08 | 0.211 times |
26 Tue Sep 2023 | 19.84 | 19.00 | 19.84 | 18.25 | 2.786 times |
25 Mon Sep 2023 | 18.90 | 19.89 | 19.89 | 18.90 | 0.813 times |
22 Fri Sep 2023 | 19.89 | 20.99 | 20.99 | 19.51 | 0.319 times |
21 Thu Sep 2023 | 20.04 | 21.00 | 21.50 | 20.01 | 1.093 times |
20 Wed Sep 2023 | 21.06 | 20.55 | 22.47 | 20.55 | 0.973 times |
18 Mon Sep 2023 | 21.42 | 22.64 | 22.85 | 21.10 | 0.671 times |
15 Fri Sep 2023 | 22.09 | 21.50 | 22.94 | 21.40 | 0.51 times |
14 Thu Sep 2023 | 21.96 | 21.37 | 22.69 | 20.69 | 1.176 times |
13 Wed Sep 2023 | 21.77 | 21.35 | 22.40 | 21.34 | 1.05 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.3, but if it comes above 20.3, then a intra day buy could be more profitable.
If you take a sell trade below 20.3, then use 20.3 as stoploss and 17.7 as target. However if you take a buy trade in stock , then use 20.3 as stoploss and 22.52 as target.
Share price targets for Mel (Mel)
Target Type | Value |
Downside Target | 12.11 |
Downside Target | 13.18 |
Downside Target | 14.50 |
Downside Target | 15.20 |
Downside Target | 17.25 |
Downside Target | 18.25 |
Downside Target | 19.51 |
Upside Target | 20.69 |
Upside Target | 21.49 |
Upside Target | 22.85 |
Upside Target | 23.80 |
Upside Target | 25.89 |
Upside Target | 27.30 |
Upside Target | 32.26 |
Intraday share price targets for Mel (Mel)
Target Type | Value |
Downside Intraday Target | 18.74 |
Downside Intraday Target | 17.67 |
Upside Intraday Target | 20.38 |
Upside Intraday Target | 20.95 |
Downside Intraday Target | 19.31 |
Weekly technical analysis of Mel (Mel)
Date | Weekly Closing Price | Open | High | Low | Volume |
27 Wed Sep 2023 | 19.80 | 19.89 | 19.89 | 18.25 | 1.247 times |
22 Fri Sep 2023 | 19.89 | 22.64 | 22.85 | 19.51 | 0.54 times |
15 Fri Sep 2023 | 22.09 | 24.00 | 25.89 | 20.69 | 0.571 times |
08 Fri Sep 2023 | 24.88 | 22.61 | 27.30 | 21.49 | 1.115 times |
01 Fri Sep 2023 | 23.80 | 30.90 | 32.26 | 23.80 | 0.295 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 |
27 Wed Sep 2023 | 19.80 | 23.80 | 27.30 | 18.25 | 0.564 times |
31 Thu Aug 2023 | 25.05 | 14.09 | 32.26 | 12.11 | 4.27 times |
31 Mon Jul 2023 | 14.03 | 16.00 | 17.25 | 13.18 | 0.293 times |
30 Fri Jun 2023 | 16.30 | 15.32 | 18.50 | 14.50 | 1.096 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Mel in short term but BUY 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 20.61 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 positive
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 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Mel in short term but BUY 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 20.61 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 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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