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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 47706

Date Daily Closing Price Open High Low Volume
12 Thu Sep 2024 33.20 33.15 33.20 33.06 0.62 times
11 Wed Sep 2024 31.62 31.63 31.63 31.10 0.651 times
10 Tue Sep 2024 30.13 30.00 30.13 28.70 0.608 times
09 Mon Sep 2024 28.70 28.40 28.71 26.02 0.883 times
06 Fri Sep 2024 27.35 28.99 28.99 27.35 0.499 times
05 Thu Sep 2024 28.78 28.69 29.60 28.69 0.831 times
04 Wed Sep 2024 30.20 31.78 31.78 30.20 0.513 times
03 Tue Sep 2024 31.78 31.78 32.78 31.78 0.595 times
02 Mon Sep 2024 33.45 35.40 36.82 33.41 0.715 times
30 Fri Aug 2024 35.16 36.98 36.98 34.00 2.383 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 34.4 as stoploss in an intra day sell trade for a target of 30.24. However, stock will show a bullish move above 34.4.

Share price targets for Mel (Mel)

Target Type Value
Downside Target 18.81
Downside Target 20.30
Downside Target 21.00
Downside Target 23.10
Downside Target 25.10
Downside Target 25.68
Downside Target 27.35
Downside Target 28.56
Downside Target 29.20
Downside Target 33.20
Upside Target 36.82
Upside Target 39.97

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 28.41
Downside Intraday Target 23.63
Upside Intraday Target 35.59
Upside Intraday Target 37.99
Downside Intraday Target 30.81

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
12 Thu Sep 2024 33.20 28.40 33.20 26.02 0.876 times
06 Fri Sep 2024 27.35 35.40 36.82 27.35 0.107 times
30 Fri Aug 2024 35.16 29.96 39.97 28.56 5.727 times
23 Fri Aug 2024 28.56 24.00 29.20 23.12 0.403 times
16 Fri Aug 2024 24.18 27.81 27.81 23.26 7.474 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
12 Thu Sep 2024 33.20 35.40 36.82 26.02 0.12 times
30 Fri Aug 2024 35.16 20.30 39.97 20.30 9.2 times
31 Wed Jul 2024 20.78 20.65 25.68 18.81 1.872 times
28 Fri Jun 2024 20.18 21.82 23.10 18.99 1.262 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mel in short term but the sell 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 green color and prices are above the green 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 positive zone. This is a BUY 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 31.88 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 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mel in short term but the sell 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 green color and prices are above the green 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 positive zone. This is a BUY 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 31.88 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 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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