(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 2024-09-11 View latest technical analysis
10 day averaged volume of Mel is 60749
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Wed Sep 2024 | 31.62 | 31.63 | 31.63 | 31.10 | 0.511 times |
| 10 Tue Sep 2024 | 30.13 | 30.00 | 30.13 | 28.70 | 0.477 times |
| 09 Mon Sep 2024 | 28.70 | 28.40 | 28.71 | 26.02 | 0.693 times |
| 06 Fri Sep 2024 | 27.35 | 28.99 | 28.99 | 27.35 | 0.392 times |
| 05 Thu Sep 2024 | 28.78 | 28.69 | 29.60 | 28.69 | 0.652 times |
| 04 Wed Sep 2024 | 30.20 | 31.78 | 31.78 | 30.20 | 0.403 times |
| 03 Tue Sep 2024 | 31.78 | 31.78 | 32.78 | 31.78 | 0.467 times |
| 02 Mon Sep 2024 | 33.45 | 35.40 | 36.82 | 33.41 | 0.562 times |
| 30 Fri Aug 2024 | 35.16 | 36.98 | 36.98 | 34.00 | 1.872 times |
| 29 Thu Aug 2024 | 35.39 | 37.69 | 37.69 | 33.08 | 1.822 times |
My analysis of stock is bullish for shortterm, and stock might move up till 34.1 or till 39.3. Use a stoploss of 29.77 and if this stock hits its stoploss, then it can fall down till 25.46
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 | 25.10 |
| Downside Target | 25.68 |
| Downside Target | 27.35 |
| Downside Target | 28.56 |
| Downside Target | 29.20 |
| Upside Target | 31.63 |
| Upside Target | 36.82 |
| Upside Target | 39.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 27.88 |
| Downside Intraday Target | 24.15 |
| Upside Intraday Target | 33.49 |
| Upside Intraday Target | 35.37 |
| Downside Intraday Target | 29.76 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Wed Sep 2024 | 31.62 | 28.40 | 31.63 | 26.02 | 0.679 times |
| 06 Fri Sep 2024 | 27.35 | 35.40 | 36.82 | 27.35 | 0.107 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 |
Price has moved up 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 |
| 11 Wed Sep 2024 | 31.62 | 35.40 | 36.82 | 26.02 | 0.107 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining momentum.
MACD generated a SELL signal for Mel in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
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 and the buying is gaining 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 32.61 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining momentum.
MACD generated a SELL signal for Mel in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
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 and the buying is gaining 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 32.61 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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