(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 2024-07-24 View latest technical analysis
10 day averaged volume of Mel is 14707
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Jul 2024 | 21.61 | 22.30 | 22.30 | 21.10 | 0.549 times |
| 23 Tue Jul 2024 | 21.58 | 21.47 | 22.43 | 21.02 | 0.082 times |
| 22 Mon Jul 2024 | 21.47 | 21.70 | 22.00 | 21.03 | 0.262 times |
| 19 Fri Jul 2024 | 21.66 | 21.99 | 22.00 | 21.27 | 0.242 times |
| 18 Thu Jul 2024 | 21.57 | 22.79 | 22.79 | 21.25 | 0.364 times |
| 16 Tue Jul 2024 | 21.76 | 22.98 | 22.98 | 21.05 | 0.502 times |
| 15 Mon Jul 2024 | 21.85 | 21.20 | 22.23 | 21.07 | 0.366 times |
| 12 Fri Jul 2024 | 21.63 | 22.68 | 22.99 | 20.90 | 2.021 times |
| 11 Thu Jul 2024 | 22.73 | 22.19 | 25.68 | 21.80 | 4.768 times |
| 10 Wed Jul 2024 | 21.40 | 21.80 | 22.88 | 20.62 | 0.373 times |
My analysis of stock is bullish for shortterm, and stock might move up till 22 or till 22.9. Use a stoploss of 21.22 and if this stock hits its stoploss, then it can fall down till 20.48
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 |
| Downside Target | 21.49 |
| Upside Target | 22.43 |
| 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 | 20.94 |
| Downside Intraday Target | 20.28 |
| Upside Intraday Target | 22.35 |
| Upside Intraday Target | 23.1 |
| Upside Intraday Target | 21.69 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Jul 2024 | 21.61 | 21.70 | 22.43 | 21.02 | 0.606 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 |
| 24 Wed Jul 2024 | 21.61 | 20.65 | 25.68 | 18.81 | 1.574 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 moving up
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 and selling is picking up 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 22.18 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 moving up
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 and selling is picking up 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 22.18 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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