(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.
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