(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 2024-07-16 View latest technical analysis
10 day averaged volume of Mel is 18244
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Tue Jul 2024 | 21.76 | 22.98 | 22.98 | 21.05 | 0.404 times |
| 15 Mon Jul 2024 | 21.85 | 21.20 | 22.23 | 21.07 | 0.295 times |
| 12 Fri Jul 2024 | 21.63 | 22.68 | 22.99 | 20.90 | 1.629 times |
| 11 Thu Jul 2024 | 22.73 | 22.19 | 25.68 | 21.80 | 3.844 times |
| 10 Wed Jul 2024 | 21.40 | 21.80 | 22.88 | 20.62 | 0.3 times |
| 09 Tue Jul 2024 | 22.24 | 22.20 | 22.25 | 20.76 | 0.824 times |
| 08 Mon Jul 2024 | 21.19 | 21.49 | 22.50 | 20.56 | 0.467 times |
| 05 Fri Jul 2024 | 21.25 | 21.49 | 21.49 | 20.20 | 0.234 times |
| 04 Thu Jul 2024 | 21.03 | 19.75 | 21.30 | 19.75 | 0.688 times |
| 03 Wed Jul 2024 | 20.40 | 20.69 | 20.80 | 20.34 | 0.914 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.7, but if it comes below 21.7, then a intra day sell could be more profitable.
If you take a sell trade below 21.7, then use 21.7 as stoploss and 20.97 as target. However if you take a buy trade in stock , then use 21.7 as stoploss and 22.6 as target.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.24 |
| Downside Target | 18.81 |
| Downside Target | 19.50 |
| Downside Target | 20.03 |
| Downside Target | 20.56 |
| Downside Target | 20.98 |
| Downside Target | 21.49 |
| Upside Target | 22.98 |
| Upside Target | 23.10 |
| Upside Target | 24.44 |
| Upside Target | 25.10 |
| Upside Target | 25.68 |
| Upside Target | 25.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 20.88 |
| Downside Intraday Target | 20 |
| Upside Intraday Target | 22.81 |
| Upside Intraday Target | 23.86 |
| Upside Intraday Target | 21.93 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Tue Jul 2024 | 21.76 | 21.20 | 22.98 | 21.05 | 0.099 times |
| 12 Fri Jul 2024 | 21.63 | 21.49 | 25.68 | 20.56 | 2.509 times |
| 05 Fri Jul 2024 | 21.25 | 20.65 | 21.49 | 18.81 | 1.561 times |
| 28 Fri Jun 2024 | 20.18 | 20.90 | 20.98 | 19.50 | 1.088 times |
| 21 Fri Jun 2024 | 20.76 | 20.36 | 21.80 | 20.03 | 1.484 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 |
| 16 Tue Jul 2024 | 21.76 | 20.65 | 25.68 | 18.81 | 1.412 times |
| 28 Fri Jun 2024 | 20.18 | 21.82 | 23.10 | 18.99 | 1.262 times |
| 31 Fri May 2024 | 21.82 | 22.70 | 25.10 | 21.00 | 0.685 times |
| 30 Tue Apr 2024 | 22.30 | 19.00 | 24.44 | 19.00 | 0.74 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mel stock for short term is BUY. Signal strength is Strong and stock is gaining 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. 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 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 21.94 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mel stock for short term is BUY. Signal strength is Strong and stock is gaining 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. 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 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 21.94 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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