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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 6074

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 20.76 20.90 20.90 20.21 0.587 times
20 Thu Jun 2024 20.60 21.80 21.80 20.26 1.877 times
19 Wed Jun 2024 20.77 21.00 21.16 20.03 1.928 times
18 Tue Jun 2024 20.62 20.36 21.24 20.36 0.586 times
14 Fri Jun 2024 21.44 21.07 21.98 21.07 0.492 times
13 Thu Jun 2024 21.44 21.07 21.98 21.07 0.492 times
12 Wed Jun 2024 21.49 20.70 21.98 20.70 0.635 times
11 Tue Jun 2024 21.41 22.40 22.40 21.23 1.146 times
10 Mon Jun 2024 21.41 22.34 22.34 20.24 0.589 times
07 Fri Jun 2024 20.82 22.49 22.49 20.50 0.412 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.8, but if it comes above 20.8, then a intra day buy could be more profitable.
If you take a sell trade below 20.8, then use 20.8 as stoploss and 20 as target. However if you take a buy trade in stock , then use 20.8 as stoploss and 21.45 as target.

Share price targets for Mel (Mel)

Target Type Value
Downside Target 18.24
Downside Target 18.99
Downside Target 20.03
Upside Target 21.00
Upside Target 21.56
Upside Target 22.40
Upside Target 23.10
Upside Target 24.44
Upside Target 24.98
Upside Target 25.10
Upside Target 25.97
Upside Target 26.67

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 19.93
Downside Intraday Target 19.09
Upside Intraday Target 21.7
Upside Intraday Target 22.63
Upside Intraday Target 20.86

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 20.76 20.36 21.80 20.03 1.484 times
14 Fri Jun 2024 21.44 22.34 22.40 20.24 0.383 times
07 Fri Jun 2024 20.82 21.82 23.10 18.99 2.286 times
31 Fri May 2024 21.82 23.48 24.98 21.56 0.552 times
24 Fri May 2024 21.98 22.55 25.10 21.02 1.619 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
21 Fri Jun 2024 20.76 21.82 23.10 18.99 0.958 times
31 Fri May 2024 21.82 22.70 25.10 21.00 0.685 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

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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

Mel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 20.98 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 is giving positive 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 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

Mel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 20.98 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 is giving positive 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.

Click here for Mel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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