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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 2023-03-17 View latest technical analysis

10 day averaged volume of Mel is 6079

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	16.00	16.75	16.76	16.00	0.09 times
16 Thu Mar 2023	16.00	16.80	16.80	16.00	0.115 times
15 Wed Mar 2023	16.01	17.60	17.61	15.96	0.672 times
14 Tue Mar 2023	16.80	16.58	17.39	16.58	3.247 times
13 Mon Mar 2023	16.58	16.58	18.10	16.58	0.557 times
10 Fri Mar 2023	17.45	17.67	17.98	16.79	0.262 times
09 Thu Mar 2023	17.67	17.89	18.49	17.01	0.623 times
08 Wed Mar 2023	17.89	17.20	17.89	16.30	2.095 times
06 Mon Mar 2023	17.04	17.87	17.87	17.03	0.648 times
03 Fri Mar 2023	17.03	17.00	17.03	15.84	0.513 times

My analysis of stock is bullish for shortterm, and stock might move up till 17.1 or till 18.9. Use a stoploss of 15.66 and if this stock hits its stoploss, then it can fall down till 14.18

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	15.27
Downside Intraday Target	14.55
Upside Intraday Target	17.41
Upside Intraday Target	18.83
Upside Intraday Target	16.69

Weekly technical analysis of Mel (Mel)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	16.00	16.58	18.10	15.96	1.29 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
17 Fri Mar 2023	16.00	16.40	18.49	14.70	0.139 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 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 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 losing momentum.

MACD generated a BUY signal for Mel in short term but the buy signal is initial and weak.

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 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 but selling is losing 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 17.08 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.