(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 2024-08-28 View latest technical analysis
10 day averaged volume of Mel is 133632
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Wed Aug 2024 | 36.75 | 36.99 | 39.97 | 35.99 | 1.209 times |
| 27 Tue Aug 2024 | 37.24 | 33.75 | 38.40 | 31.17 | 3.255 times |
| 26 Mon Aug 2024 | 32.92 | 29.96 | 34.27 | 28.56 | 4.343 times |
| 23 Fri Aug 2024 | 28.56 | 26.49 | 29.20 | 25.31 | 1.12 times |
| 22 Thu Aug 2024 | 25.53 | 25.46 | 26.69 | 24.51 | 0.222 times |
| 21 Wed Aug 2024 | 25.21 | 24.95 | 25.99 | 23.23 | 0.231 times |
| 20 Tue Aug 2024 | 24.19 | 24.00 | 24.99 | 23.18 | 0.086 times |
| 19 Mon Aug 2024 | 24.53 | 24.00 | 24.92 | 23.12 | 0.172 times |
| 16 Fri Aug 2024 | 24.18 | 24.96 | 24.96 | 23.61 | 0.097 times |
| 14 Wed Aug 2024 | 23.66 | 24.00 | 24.95 | 23.26 | 0.195 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 35.8, for a target of 30 or 25.21
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.81 |
| Downside Target | 20.23 |
| Downside Target | 21.00 |
| Downside Target | 22.25 |
| Downside Target | 23.10 |
| Downside Target | 24.44 |
| Downside Target | 25.00 |
| Downside Target | 25.68 |
| Downside Target | 27.81 |
| Downside Target | 28.56 |
| Downside Target | 29.20 |
| Upside Target | 39.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 30.22 |
| Downside Intraday Target | 23.68 |
| Upside Intraday Target | 41.63 |
| Upside Intraday Target | 46.5 |
| Downside Intraday Target | 35.09 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Wed Aug 2024 | 36.75 | 29.96 | 39.97 | 28.56 | 4.81 times |
| 23 Fri Aug 2024 | 28.56 | 24.00 | 29.20 | 23.12 | 0.403 times |
| 16 Fri Aug 2024 | 24.18 | 27.81 | 27.81 | 23.26 | 7.474 times |
| 09 Fri Aug 2024 | 23.18 | 22.50 | 25.00 | 20.40 | 1.751 times |
| 02 Fri Aug 2024 | 21.31 | 21.00 | 22.25 | 20.23 | 1.797 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mel (Mel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 28 Wed Aug 2024 | 36.75 | 20.30 | 39.97 | 20.30 | 8.322 times |
| 31 Wed Jul 2024 | 20.78 | 20.65 | 25.68 | 18.81 | 1.872 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 |
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 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 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 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.
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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above 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 but buying 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 33.43 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 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 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.
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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above 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 but buying 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 33.43 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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