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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)

Showing technical analysis as on 2023-09-29 View latest technical analysis

10 day averaged volume of Mel is 9659

Date Daily Closing Price Open High Low Volume
29 Fri Sep 2023 18.84 19.79 19.79 18.16 0.486 times
28 Thu Sep 2023 19.04 19.89 19.89 19.02 0.117 times
27 Wed Sep 2023 19.80 19.84 19.84 19.08 0.244 times
26 Tue Sep 2023 19.84 19.00 19.84 18.25 3.219 times
25 Mon Sep 2023 18.90 19.89 19.89 18.90 0.94 times
22 Fri Sep 2023 19.89 20.99 20.99 19.51 0.368 times
21 Thu Sep 2023 20.04 21.00 21.50 20.01 1.263 times
20 Wed Sep 2023 21.06 20.55 22.47 20.55 1.125 times
18 Mon Sep 2023 21.42 22.64 22.85 21.10 0.776 times
15 Fri Sep 2023 22.09 21.50 22.94 21.40 0.59 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.7, but if it comes above 19.7, then a intra day buy could be more profitable.
If you take a sell trade below 19.7, then use 19.7 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 19.7 as stoploss and 21.84 as target.

Share price targets for Mel (Mel)

Target Type Value
Downside Target 12.11
Downside Target 13.18
Downside Target 14.50
Downside Target 15.20
Downside Target 17.25
Downside Target 18.16
Upside Target 19.51
Upside Target 20.69
Upside Target 21.49
Upside Target 22.85
Upside Target 23.80
Upside Target 25.89
Upside Target 27.30
Upside Target 32.26

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 18.04
Downside Intraday Target 17.23
Upside Intraday Target 19.77
Upside Intraday Target 20.69
Upside Intraday Target 18.96

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
29 Fri Sep 2023 18.84 19.89 19.89 18.16 1.418 times
22 Fri Sep 2023 19.89 22.64 22.85 19.51 0.54 times
15 Fri Sep 2023 22.09 24.00 25.89 20.69 0.571 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

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
29 Fri Sep 2023 18.84 23.80 27.30 18.16 0.575 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Mel in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

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 and the buying is gaining 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 20.14 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Mel in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

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 and the buying is gaining 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 20.14 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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Daily charts

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