(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 9390
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Tue Apr 2024 | 21.36 | 21.04 | 21.40 | 21.00 | 0.11 times |
| 22 Mon Apr 2024 | 21.04 | 22.48 | 22.49 | 20.90 | 1.169 times |
| 19 Fri Apr 2024 | 21.24 | 22.27 | 22.27 | 20.86 | 0.078 times |
| 18 Thu Apr 2024 | 21.93 | 21.46 | 22.98 | 21.21 | 0.26 times |
| 16 Tue Apr 2024 | 22.15 | 21.50 | 22.45 | 20.76 | 0.18 times |
| 15 Mon Apr 2024 | 21.53 | 20.20 | 21.75 | 20.20 | 1.285 times |
| 12 Fri Apr 2024 | 22.30 | 22.49 | 22.49 | 21.60 | 0.171 times |
| 10 Wed Apr 2024 | 21.87 | 24.29 | 24.29 | 21.61 | 1.078 times |
| 09 Tue Apr 2024 | 23.00 | 24.44 | 24.44 | 22.90 | 0.443 times |
| 08 Mon Apr 2024 | 23.38 | 23.73 | 24.44 | 22.84 | 1.957 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.5 or till 19.3. Use a stoploss of 21.46 and if the stock hits stoploss, then it can shoot up till 22.43
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.24 |
| Downside Target | 19.00 |
| Downside Target | 20.20 |
| Downside Target | 20.90 |
| Upside Target | 21.60 |
| Upside Target | 22.49 |
| Upside Target | 22.98 |
| Upside Target | 23.45 |
| Upside Target | 24.44 |
| Upside Target | 25.97 |
| Upside Target | 26.67 |
| Upside Target | 30.04 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 20.68 |
| Downside Intraday Target | 19.99 |
| Upside Intraday Target | 22.27 |
| Upside Intraday Target | 23.17 |
| Upside Intraday Target | 21.58 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Tue Apr 2024 | 21.36 | 22.48 | 22.49 | 20.90 | 0.71 times |
| 19 Fri Apr 2024 | 21.24 | 20.20 | 22.98 | 20.20 | 0.494 times |
| 12 Fri Apr 2024 | 22.30 | 23.73 | 24.44 | 21.60 | 0.617 times |
| 05 Fri Apr 2024 | 22.70 | 19.00 | 23.45 | 19.00 | 1.653 times |
| 28 Thu Mar 2024 | 19.20 | 23.30 | 23.30 | 19.05 | 1.115 times |
Price has moved up 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 |
| 23 Tue Apr 2024 | 21.36 | 19.00 | 24.44 | 19.00 | 0.556 times |
| 28 Thu Mar 2024 | 19.20 | 24.01 | 25.97 | 18.24 | 1.335 times |
| 29 Thu Feb 2024 | 24.61 | 25.70 | 26.67 | 21.81 | 0.297 times |
| 31 Wed Jan 2024 | 25.77 | 24.26 | 30.04 | 21.11 | 1.589 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)
Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Mel in short term but the buy 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 red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 22.18 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.
Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Mel in short term but the buy 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 red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 22.18 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.
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