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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)

10 day averaged volume of Mel is 12153

Date Daily Closing Price Open High Low Volume
23 Thu Jan 2025 29.23 28.50 29.37 27.03 0.246 times
22 Wed Jan 2025 27.95 28.48 29.76 25.53 1.007 times
21 Tue Jan 2025 27.06 28.98 30.97 26.90 0.989 times
20 Mon Jan 2025 28.60 30.35 30.35 27.60 1.437 times
17 Fri Jan 2025 30.42 28.80 30.75 27.41 2.447 times
16 Thu Jan 2025 27.96 26.97 29.00 26.20 1.511 times
15 Wed Jan 2025 27.22 27.45 27.45 26.16 0.145 times
14 Tue Jan 2025 26.62 28.18 28.18 25.12 0.531 times
13 Mon Jan 2025 26.89 25.80 26.93 25.00 0.327 times
10 Fri Jan 2025 25.80 27.60 27.60 25.62 0.714 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 29.7, for a target of 28.5 or 27.57

Share price targets for Mel (Mel)

Target Type Value
Downside Target 23.44
Downside Target 25.00
Downside Target 28.29
Upside Target 30.00
Upside Target 30.75
Upside Target 30.89
Upside Target 30.97
Upside Target 33.49
Upside Target 34.00
Upside Target 36.82

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 26.18
Downside Intraday Target 23.14
Upside Intraday Target 31.62
Upside Intraday Target 34.02
Downside Intraday Target 28.58

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
23 Thu Jan 2025 29.23 30.35 30.97 25.53 0.741 times
17 Fri Jan 2025 30.42 25.80 30.75 25.00 1.541 times
10 Fri Jan 2025 25.80 28.15 28.39 25.62 1.226 times
03 Fri Jan 2025 27.33 26.39 28.29 26.39 0.768 times
27 Fri Dec 2024 27.27 30.00 30.00 26.69 0.322 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
23 Thu Jan 2025 29.23 27.62 30.97 25.00 0.506 times
31 Tue Dec 2024 27.19 33.49 33.49 25.33 1.735 times
29 Fri Nov 2024 30.49 28.20 34.00 26.10 0.758 times
31 Thu Oct 2024 27.99 30.89 30.89 23.44 0.495 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 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 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 and the buy signal is strong.

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. Bulls are getting stronger in this stock.

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 buy signal for Mel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 28.35 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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 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 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 and the buy signal is strong.

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. Bulls are getting stronger in this stock.

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 buy signal for Mel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 28.35 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Mel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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