(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 2024-07-22 View latest technical analysis
10 day averaged volume of Mel is 15480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Jul 2024 | 21.47 | 21.70 | 22.00 | 21.03 | 0.249 times |
| 19 Fri Jul 2024 | 21.66 | 21.99 | 22.00 | 21.27 | 0.23 times |
| 18 Thu Jul 2024 | 21.57 | 22.79 | 22.79 | 21.25 | 0.346 times |
| 16 Tue Jul 2024 | 21.76 | 22.98 | 22.98 | 21.05 | 0.477 times |
| 15 Mon Jul 2024 | 21.85 | 21.20 | 22.23 | 21.07 | 0.347 times |
| 12 Fri Jul 2024 | 21.63 | 22.68 | 22.99 | 20.90 | 1.92 times |
| 11 Thu Jul 2024 | 22.73 | 22.19 | 25.68 | 21.80 | 4.53 times |
| 10 Wed Jul 2024 | 21.40 | 21.80 | 22.88 | 20.62 | 0.354 times |
| 09 Tue Jul 2024 | 22.24 | 22.20 | 22.25 | 20.76 | 0.971 times |
| 08 Mon Jul 2024 | 21.19 | 21.49 | 22.50 | 20.56 | 0.55 times |
My analysis of stock is bullish for shortterm, and stock might move up till 21.9 or till 22.8. Use a stoploss of 21.1 and if this stock hits its stoploss, then it can fall down till 20.33
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.24 |
| Downside Target | 18.81 |
| Downside Target | 19.50 |
| Downside Target | 20.56 |
| Downside Target | 20.98 |
| Upside Target | 21.49 |
| Upside Target | 22.00 |
| 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 | 21 |
| Downside Intraday Target | 20.53 |
| Upside Intraday Target | 21.97 |
| Upside Intraday Target | 22.47 |
| Upside Intraday Target | 21.5 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Jul 2024 | 21.47 | 21.70 | 22.00 | 21.03 | 0.178 times |
| 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 |
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 |
| 22 Mon Jul 2024 | 21.47 | 20.65 | 25.68 | 18.81 | 1.506 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, and volume has increased substantially. This means that the move can 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 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 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 losing momentum.
MACD generated a BUY signal for Mel in short term and the buy 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 22.17 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 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 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 losing momentum.
MACD generated a BUY signal for Mel in short term and the buy 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 22.17 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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