(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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