(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 2023-09-14 View latest technical analysis
10 day averaged volume of Mel is 20624
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Thu Sep 2023 | 21.96 | 21.37 | 22.69 | 20.69 | 0.637 times |
| 13 Wed Sep 2023 | 21.77 | 21.35 | 22.40 | 21.34 | 0.568 times |
| 12 Tue Sep 2023 | 22.46 | 22.46 | 23.50 | 22.46 | 0.329 times |
| 11 Mon Sep 2023 | 23.64 | 24.00 | 25.89 | 23.64 | 1.254 times |
| 08 Fri Sep 2023 | 24.88 | 27.30 | 27.30 | 24.86 | 1.408 times |
| 07 Thu Sep 2023 | 26.16 | 26.16 | 26.16 | 24.50 | 1.114 times |
| 06 Wed Sep 2023 | 24.92 | 24.90 | 24.92 | 22.65 | 1.124 times |
| 05 Tue Sep 2023 | 23.74 | 21.49 | 23.74 | 21.49 | 1.153 times |
| 04 Mon Sep 2023 | 22.61 | 22.61 | 22.61 | 22.61 | 0.569 times |
| 01 Fri Sep 2023 | 23.80 | 23.80 | 25.05 | 23.80 | 2.306 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 21.9 as stoploss in an intra day buy trade for a target of 24.81. However, stock will show a bearish move below 21.9.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 12.11 |
| Downside Target | 13.18 |
| Downside Target | 14.08 |
| Downside Target | 14.50 |
| Downside Target | 15.20 |
| Downside Target | 17.25 |
| Downside Target | 18.45 |
| Downside Target | 20.01 |
| Downside Target | 20.69 |
| Downside Target | 21.49 |
| Upside Target | 23.80 |
| Upside Target | 25.89 |
| Upside Target | 27.30 |
| Upside Target | 30.92 |
| Upside Target | 32.26 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 19.8 |
| Downside Intraday Target | 17.65 |
| Upside Intraday Target | 25 |
| Upside Intraday Target | 28.05 |
| Upside Intraday Target | 22.85 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Thu Sep 2023 | 21.96 | 24.00 | 25.89 | 20.69 | 0.519 times |
| 08 Fri Sep 2023 | 24.88 | 22.61 | 27.30 | 21.49 | 1.115 times |
| 01 Fri Sep 2023 | 23.80 | 30.90 | 32.26 | 23.80 | 0.295 times |
| 25 Fri Aug 2023 | 30.73 | 21.30 | 30.92 | 20.01 | 4.258 times |
| 18 Fri Aug 2023 | 18.45 | 15.50 | 18.45 | 14.08 | 2.531 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 |
| 14 Thu Sep 2023 | 21.96 | 23.80 | 27.30 | 20.69 | 0.408 times |
| 31 Thu Aug 2023 | 25.05 | 14.09 | 32.26 | 12.11 | 4.27 times |
| 31 Mon Jul 2023 | 14.03 | 16.00 | 17.25 | 13.18 | 0.293 times |
| 30 Fri Jun 2023 | 16.30 | 15.32 | 18.50 | 14.50 | 1.096 times |
Scroll below to view daily charts
Price has moved down 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 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 to mid 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 mid to longer 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.
ADX buy sell signal for Mel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mel in short term but the sell 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 23.96 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 to mid 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 mid to longer 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.
ADX buy sell signal for Mel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mel in short term but the sell 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 23.96 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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 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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