(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 5102
Date | Daily Closing Price | Open | High | Low | Volume |
10 Fri May 2024 | 21.42 | 22.87 | 22.87 | 21.01 | 0.381 times |
09 Thu May 2024 | 21.97 | 22.19 | 22.19 | 21.00 | 0.168 times |
08 Wed May 2024 | 21.43 | 21.98 | 21.98 | 21.17 | 0.238 times |
07 Tue May 2024 | 21.80 | 22.99 | 22.99 | 21.16 | 0.72 times |
06 Mon May 2024 | 21.94 | 21.02 | 22.93 | 21.02 | 0.607 times |
03 Fri May 2024 | 21.84 | 22.90 | 22.90 | 21.70 | 0.517 times |
02 Thu May 2024 | 22.48 | 22.70 | 22.70 | 22.11 | 0.677 times |
30 Tue Apr 2024 | 22.30 | 22.00 | 22.90 | 21.74 | 0.279 times |
29 Mon Apr 2024 | 22.44 | 22.55 | 22.99 | 21.62 | 1.157 times |
26 Fri Apr 2024 | 22.44 | 22.98 | 22.98 | 21.36 | 2.423 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.5, but if it comes above 21.5, then a intra day buy could be more profitable.
If you take a sell trade below 21.5, then use 21.5 as stoploss and 21 as target. However if you take a buy trade in stock , then use 21.5 as stoploss and 21.86 as target.
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 | 22.98 |
Upside Target | 22.99 |
Upside Target | 23.69 |
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 | 20.62 |
Downside Intraday Target | 19.81 |
Upside Intraday Target | 22.61 |
Upside Intraday Target | 23.79 |
Upside Intraday Target | 21.8 |
Weekly technical analysis of Mel (Mel)
Date | Weekly Closing Price | Open | High | Low | Volume |
10 Fri May 2024 | 21.42 | 21.02 | 22.99 | 21.00 | 0.804 times |
03 Fri May 2024 | 21.84 | 22.55 | 22.99 | 21.62 | 0.305 times |
26 Fri Apr 2024 | 22.44 | 22.48 | 23.69 | 20.90 | 2.599 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 |
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 |
10 Fri May 2024 | 21.42 | 22.70 | 22.99 | 21.00 | 0.107 times |
30 Tue Apr 2024 | 22.30 | 19.00 | 24.44 | 19.00 | 0.74 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 |
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 22.19 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 22.19 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 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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