(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 2024-09-04 View latest technical analysis
10 day averaged volume of Mel is 167410
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Wed Sep 2024 | 30.20 | 31.78 | 31.78 | 30.20 | 0.146 times |
| 03 Tue Sep 2024 | 31.78 | 31.78 | 32.78 | 31.78 | 0.17 times |
| 02 Mon Sep 2024 | 33.45 | 35.40 | 36.82 | 33.41 | 0.204 times |
| 30 Fri Aug 2024 | 35.16 | 36.98 | 36.98 | 34.00 | 0.679 times |
| 29 Thu Aug 2024 | 35.39 | 37.69 | 37.69 | 33.08 | 0.661 times |
| 28 Wed Aug 2024 | 36.75 | 36.99 | 39.97 | 35.99 | 0.965 times |
| 27 Tue Aug 2024 | 37.24 | 33.75 | 38.40 | 31.17 | 2.599 times |
| 26 Mon Aug 2024 | 32.92 | 29.96 | 34.27 | 28.56 | 3.467 times |
| 23 Fri Aug 2024 | 28.56 | 26.49 | 29.20 | 25.31 | 0.894 times |
| 22 Thu Aug 2024 | 25.53 | 25.46 | 26.69 | 24.51 | 0.177 times |
My analysis of stock is bullish for shortterm, and stock might move up till 33.4 or till 39.7. Use a stoploss of 28.19 and if this stock hits its stoploss, then it can fall down till 22.96
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.81 |
| Downside Target | 20.30 |
| Downside Target | 21.00 |
| Downside Target | 23.10 |
| Downside Target | 25.00 |
| Downside Target | 25.68 |
| Downside Target | 27.81 |
| Downside Target | 28.56 |
| Downside Target | 29.20 |
| Downside Target | 30.20 |
| Upside Target | 36.82 |
| Upside Target | 39.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 27.99 |
| Downside Intraday Target | 25.79 |
| Upside Intraday Target | 34.61 |
| Upside Intraday Target | 39.03 |
| Upside Intraday Target | 32.41 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Wed Sep 2024 | 30.20 | 35.40 | 36.82 | 30.20 | 0.062 times |
| 30 Fri Aug 2024 | 35.16 | 29.96 | 39.97 | 28.56 | 5.727 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 |
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 |
| 04 Wed Sep 2024 | 30.20 | 35.40 | 36.82 | 30.20 | 0.037 times |
| 30 Fri Aug 2024 | 35.16 | 20.30 | 39.97 | 20.30 | 9.2 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 |
Scroll below to view daily charts
Price has moved down 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 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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Mel in short term and the buy signal is strong.
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 green color and prices are in or below the green 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 34.16 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 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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Mel in short term and the buy signal is strong.
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 green color and prices are in or below the green 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 34.16 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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