(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 2023-03-23 View latest technical analysis
10 day averaged volume of Mel is 3933
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu Mar 2023 | 16.95 | 17.32 | 17.32 | 15.68 | 0.359 times |
| 22 Wed Mar 2023 | 16.50 | 16.10 | 17.56 | 16.10 | 0.269 times |
| 21 Tue Mar 2023 | 16.74 | 16.74 | 16.74 | 16.00 | 0.472 times |
| 20 Mon Mar 2023 | 15.95 | 16.00 | 16.00 | 15.95 | 0.655 times |
| 17 Fri Mar 2023 | 16.00 | 16.75 | 16.76 | 16.00 | 0.139 times |
| 16 Thu Mar 2023 | 16.00 | 16.80 | 16.80 | 16.00 | 0.178 times |
| 15 Wed Mar 2023 | 16.01 | 17.60 | 17.61 | 15.96 | 1.039 times |
| 14 Tue Mar 2023 | 16.80 | 16.58 | 17.39 | 16.58 | 5.019 times |
| 13 Mon Mar 2023 | 16.58 | 16.58 | 18.10 | 16.58 | 0.861 times |
| 10 Fri Mar 2023 | 17.45 | 17.67 | 17.98 | 16.79 | 0.405 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 17.3 as stoploss in an intra day sell trade for a target of 16.27. However, stock will show a bullish move above 17.3.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 12.90 |
| Downside Target | 14.40 |
| Downside Target | 14.70 |
| Downside Target | 15.25 |
| Downside Target | 15.65 |
| Downside Target | 16.30 |
| Upside Target | 17.03 |
| Upside Target | 17.56 |
| 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 | 15.9 |
| Downside Intraday Target | 14.85 |
| Upside Intraday Target | 17.78 |
| Upside Intraday Target | 18.61 |
| Downside Intraday Target | 16.73 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu Mar 2023 | 16.95 | 16.00 | 17.56 | 15.68 | 0.243 times |
| 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 |
Price has moved up 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 |
| 23 Thu Mar 2023 | 16.95 | 16.40 | 18.49 | 14.70 | 0.153 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mel ( (Mel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 16.63 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
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.
Price action analysis of Mel ( (Mel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Mel ( (Mel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 16.63 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
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.
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