(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 10006
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Mon Apr 2024 | 21.53 | 20.20 | 21.75 | 20.20 | 1.206 times |
| 12 Fri Apr 2024 | 22.30 | 22.49 | 22.49 | 21.60 | 0.16 times |
| 10 Wed Apr 2024 | 21.87 | 24.29 | 24.29 | 21.61 | 1.012 times |
| 09 Tue Apr 2024 | 23.00 | 24.44 | 24.44 | 22.90 | 0.416 times |
| 08 Mon Apr 2024 | 23.38 | 23.73 | 24.44 | 22.84 | 1.837 times |
| 05 Fri Apr 2024 | 22.70 | 21.60 | 23.45 | 21.51 | 3.171 times |
| 04 Thu Apr 2024 | 21.16 | 21.90 | 21.90 | 20.51 | 0.644 times |
| 03 Wed Apr 2024 | 21.00 | 21.25 | 21.90 | 20.17 | 1.343 times |
| 02 Tue Apr 2024 | 20.97 | 20.25 | 21.22 | 20.25 | 0.161 times |
| 01 Mon Apr 2024 | 20.19 | 19.00 | 20.49 | 19.00 | 0.229 times |
My analysis of stock is bullish for shortterm, and stock might move up till 22.2 or till 23.5. Use a stoploss of 21.21 and if this stock hits its stoploss, then it can fall down till 20.17
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.24 |
| Downside Target | 19.00 |
| Downside Target | 20.01 |
| Downside Target | 21.11 |
| Upside Target | 21.60 |
| Upside Target | 22.89 |
| Upside Target | 23.40 |
| 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 | 20.57 |
| Downside Intraday Target | 19.61 |
| Upside Intraday Target | 22.12 |
| Upside Intraday Target | 22.71 |
| Downside Intraday Target | 21.16 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Mon Apr 2024 | 21.53 | 20.20 | 21.75 | 20.20 | 0.352 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 |
| 22 Fri Mar 2024 | 21.56 | 20.11 | 22.89 | 20.01 | 0.262 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 Mon Apr 2024 | 21.53 | 19.00 | 24.44 | 19.00 | 0.477 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 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 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 to mid 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 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. Bulls are getting tired and bears are picking up momentum.
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
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 22.2 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 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 to mid 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 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. Bulls are getting tired and bears are picking up momentum.
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
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 22.2 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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