(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 2024-07-19 View latest technical analysis
10 day averaged volume of Mel is 16380
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Jul 2024 | 21.66 | 21.99 | 22.00 | 21.27 | 0.217 times |
| 18 Thu Jul 2024 | 21.57 | 22.79 | 22.79 | 21.25 | 0.327 times |
| 16 Tue Jul 2024 | 21.76 | 22.98 | 22.98 | 21.05 | 0.45 times |
| 15 Mon Jul 2024 | 21.85 | 21.20 | 22.23 | 21.07 | 0.328 times |
| 12 Fri Jul 2024 | 21.63 | 22.68 | 22.99 | 20.90 | 1.814 times |
| 11 Thu Jul 2024 | 22.73 | 22.19 | 25.68 | 21.80 | 4.281 times |
| 10 Wed Jul 2024 | 21.40 | 21.80 | 22.88 | 20.62 | 0.335 times |
| 09 Tue Jul 2024 | 22.24 | 22.20 | 22.25 | 20.76 | 0.917 times |
| 08 Mon Jul 2024 | 21.19 | 21.49 | 22.50 | 20.56 | 0.52 times |
| 05 Fri Jul 2024 | 21.25 | 21.49 | 21.49 | 20.20 | 0.26 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 21.8 as stoploss in an intra day sell trade for a target of 21.06. However, stock will show a bullish move above 21.8.
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 | 20.81 |
| Downside Intraday Target | 19.97 |
| Upside Intraday Target | 22.74 |
| Upside Intraday Target | 23.83 |
| Upside Intraday Target | 21.9 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Jul 2024 | 21.66 | 21.20 | 22.98 | 21.05 | 0.168 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 |
| 19 Fri Jul 2024 | 21.66 | 20.65 | 25.68 | 18.81 | 1.478 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 neutral. A longer time frame might give a better analysis.
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 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 red color and prices are below the red 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 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 22.16 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 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 neutral. A longer time frame might give a better analysis.
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 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 red color and prices are below the red 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 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 22.16 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 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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