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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)

Showing technical analysis as on 2023-03-15 View latest technical analysis

10 day averaged volume of Mel is 6541

Date Daily Closing Price Open High Low Volume
15 Wed Mar 2023 16.01 17.60 17.61 15.96 0.625 times
14 Tue Mar 2023 16.80 16.58 17.39 16.58 3.018 times
13 Mon Mar 2023 16.58 16.58 18.10 16.58 0.518 times
10 Fri Mar 2023 17.45 17.67 17.98 16.79 0.243 times
09 Thu Mar 2023 17.67 17.89 18.49 17.01 0.579 times
08 Wed Mar 2023 17.89 17.20 17.89 16.30 1.947 times
06 Mon Mar 2023 17.04 17.87 17.87 17.03 0.603 times
03 Fri Mar 2023 17.03 17.00 17.03 15.84 0.477 times
02 Thu Mar 2023 16.22 15.45 16.22 14.70 1.178 times
01 Wed Mar 2023 15.45 16.40 16.40 15.35 0.829 times

My analysis of stock is bullish for shortterm, and stock might move up till 17 or till 18.8. Use a stoploss of 15.51 and if this stock hits its stoploss, then it can fall down till 13.99

Share price targets for Mel (Mel)

Target Type Value
Downside Target 12.90
Downside Target 13.55
Downside Target 14.40
Downside Target 14.70
Downside Target 15.25
Downside Target 15.65
Upside Target 16.30
Upside Target 17.03
Upside Target 18.10
Upside Target 18.49
Upside Target 18.50
Upside Target 21.90
Upside Target 25.20
Upside Target 26.45

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 15.28
Downside Intraday Target 14.55
Upside Intraday Target 17.42
Upside Intraday Target 18.83
Upside Intraday Target 16.69

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
15 Wed Mar 2023 16.01 16.58 18.10 15.96 1.234 times
10 Fri Mar 2023 17.45 17.87 18.49 16.30 1.048 times
03 Fri Mar 2023 17.03 15.10 17.03 14.70 0.212 times
24 Fri Feb 2023 14.40 12.90 14.40 12.90 0.562 times
17 Fri Feb 2023 13.55 16.40 16.40 13.55 1.225 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
15 Wed Mar 2023 16.01 16.40 18.49 14.70 0.136 times
28 Tue Feb 2023 15.85 26.45 26.45 12.90 0.772 times
31 Tue Jan 2023 25.20 17.50 25.20 15.90 1.038 times
30 Fri Dec 2022 16.70 16.10 18.50 15.25 2.932 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. 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 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 coming down

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 16.86 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. 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 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 coming down

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 16.86 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.

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Daily charts

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