(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 2024-05-08 View latest technical analysis
10 day averaged volume of Mel is 5321
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 21.43 | 21.98 | 21.98 | 21.17 | 0.228 times |
| 07 Tue May 2024 | 21.80 | 22.99 | 22.99 | 21.16 | 0.691 times |
| 06 Mon May 2024 | 21.94 | 21.02 | 22.93 | 21.02 | 0.582 times |
| 03 Fri May 2024 | 21.84 | 22.90 | 22.90 | 21.70 | 0.495 times |
| 02 Thu May 2024 | 22.48 | 22.70 | 22.70 | 22.11 | 0.65 times |
| 30 Tue Apr 2024 | 22.30 | 22.00 | 22.90 | 21.74 | 0.267 times |
| 29 Mon Apr 2024 | 22.44 | 22.55 | 22.99 | 21.62 | 1.109 times |
| 26 Fri Apr 2024 | 22.44 | 22.98 | 22.98 | 21.36 | 2.323 times |
| 25 Thu Apr 2024 | 21.80 | 22.30 | 23.69 | 21.44 | 3.082 times |
| 24 Wed Apr 2024 | 21.86 | 21.04 | 22.48 | 20.93 | 0.607 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 21.4 as stoploss in an intra day buy trade for a target of 22.01. However, stock will show a bearish move below 21.4.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.24 |
| Downside Target | 19.00 |
| Downside Target | 20.20 |
| Downside Target | 20.90 |
| Upside Target | 21.60 |
| Upside Target | 22.98 |
| Upside Target | 22.99 |
| Upside Target | 23.69 |
| Upside Target | 24.44 |
| Upside Target | 25.97 |
| Upside Target | 26.67 |
| Upside Target | 30.04 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 20.64 |
| Downside Intraday Target | 19.84 |
| Upside Intraday Target | 22.61 |
| Upside Intraday Target | 23.78 |
| Upside Intraday Target | 21.81 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 21.43 | 21.02 | 22.99 | 21.02 | 0.595 times |
| 03 Fri May 2024 | 21.84 | 22.55 | 22.99 | 21.62 | 0.305 times |
| 26 Fri Apr 2024 | 22.44 | 22.48 | 23.69 | 20.90 | 2.599 times |
| 19 Fri Apr 2024 | 21.24 | 20.20 | 22.98 | 20.20 | 0.494 times |
| 12 Fri Apr 2024 | 22.30 | 23.73 | 24.44 | 21.60 | 0.617 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 |
| 08 Wed May 2024 | 21.43 | 22.70 | 22.99 | 21.02 | 0.089 times |
| 30 Tue Apr 2024 | 22.30 | 19.00 | 24.44 | 19.00 | 0.74 times |
| 28 Thu Mar 2024 | 19.20 | 24.01 | 25.97 | 18.24 | 1.335 times |
| 29 Thu Feb 2024 | 24.61 | 25.70 | 26.67 | 21.81 | 0.297 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 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 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 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 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 green color and prices are in or below the green 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 22.08 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 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 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 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 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 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 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 green color and prices are in or below the green 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 22.08 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 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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