(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 2024-07-26 View latest technical analysis
10 day averaged volume of Mel is 14114
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 21.18 | 21.69 | 21.69 | 21.10 | 0.439 times |
| 25 Thu Jul 2024 | 21.26 | 21.61 | 21.97 | 21.19 | 0.461 times |
| 24 Wed Jul 2024 | 21.61 | 22.30 | 22.30 | 21.10 | 0.572 times |
| 23 Tue Jul 2024 | 21.58 | 21.47 | 22.43 | 21.02 | 0.085 times |
| 22 Mon Jul 2024 | 21.47 | 21.70 | 22.00 | 21.03 | 0.273 times |
| 19 Fri Jul 2024 | 21.66 | 21.99 | 22.00 | 21.27 | 0.252 times |
| 18 Thu Jul 2024 | 21.57 | 22.79 | 22.79 | 21.25 | 0.379 times |
| 16 Tue Jul 2024 | 21.76 | 22.98 | 22.98 | 21.05 | 0.523 times |
| 15 Mon Jul 2024 | 21.85 | 21.20 | 22.23 | 21.07 | 0.381 times |
| 12 Fri Jul 2024 | 21.63 | 22.68 | 22.99 | 20.90 | 2.105 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.7 or till 19.9. Use a stoploss of 21.32 and if the stock hits stoploss, then it can shoot up till 21.98
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 | 22.43 |
| 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 | 20.66 |
| Downside Intraday Target | 20.13 |
| Upside Intraday Target | 22.07 |
| Upside Intraday Target | 22.95 |
| Upside Intraday Target | 21.54 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 21.18 | 21.70 | 22.43 | 21.02 | 1.192 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 |
| 26 Fri Jul 2024 | 21.18 | 20.65 | 25.68 | 18.81 | 1.667 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 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 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 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 SELL signal for Mel in short term but the sell signal is initial and weak.
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 SELL signal in short term but selling is losing 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 21.58 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 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 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 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 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 SELL signal for Mel in short term but the sell signal is initial and weak.
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 SELL signal in short term but selling is losing 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 21.58 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 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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