(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 14575
Date | Daily Closing Price | Open | High | Low | Volume |
22 Fri Sep 2023 | 19.89 | 20.99 | 20.99 | 19.51 | 0.244 times |
21 Thu Sep 2023 | 20.04 | 21.00 | 21.50 | 20.01 | 0.837 times |
20 Wed Sep 2023 | 21.06 | 20.55 | 22.47 | 20.55 | 0.745 times |
18 Mon Sep 2023 | 21.42 | 22.64 | 22.85 | 21.10 | 0.514 times |
15 Fri Sep 2023 | 22.09 | 21.50 | 22.94 | 21.40 | 0.391 times |
14 Thu Sep 2023 | 21.96 | 21.37 | 22.69 | 20.69 | 0.901 times |
13 Wed Sep 2023 | 21.77 | 21.35 | 22.40 | 21.34 | 0.804 times |
12 Tue Sep 2023 | 22.46 | 22.46 | 23.50 | 22.46 | 0.466 times |
11 Mon Sep 2023 | 23.64 | 24.00 | 25.89 | 23.64 | 1.774 times |
08 Fri Sep 2023 | 24.88 | 27.30 | 27.30 | 24.86 | 1.992 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.1, but if it comes above 21.1, then a intra day buy could be more profitable.
If you take a sell trade below 21.1, then use 21.1 as stoploss and 17.7 as target. However if you take a buy trade in stock , then use 21.1 as stoploss and 23.98 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 | 18.50 |
Downside Target | 19.51 |
Upside Target | 20.01 |
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 | 30.92 |
Upside Target | 32.26 |
Intraday share price targets for Mel (Mel)
Target Type | Value |
Downside Intraday Target | 18.65 |
Downside Intraday Target | 17.41 |
Upside Intraday Target | 21.99 |
Upside Intraday Target | 24.09 |
Upside Intraday Target | 20.75 |
Weekly technical analysis of Mel (Mel)
Date | Weekly Closing Price | Open | High | Low | Volume |
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 |
25 Fri Aug 2023 | 30.73 | 21.30 | 30.92 | 20.01 | 4.258 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 |
22 Fri Sep 2023 | 19.89 | 23.80 | 27.30 | 19.51 | 0.483 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 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 22.64 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 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 22.64 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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