(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 2024-09-19 View latest technical analysis
10 day averaged volume of Mel is 29839
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Thu Sep 2024 | 32.20 | 32.20 | 32.20 | 32.20 | 0.012 times |
| 18 Wed Sep 2024 | 32.85 | 32.85 | 32.85 | 32.85 | 0.011 times |
| 17 Tue Sep 2024 | 33.52 | 33.52 | 33.52 | 33.52 | 0.162 times |
| 16 Mon Sep 2024 | 34.20 | 35.55 | 35.55 | 34.20 | 1.147 times |
| 13 Fri Sep 2024 | 34.86 | 34.70 | 34.86 | 33.00 | 2.137 times |
| 12 Thu Sep 2024 | 33.20 | 33.15 | 33.20 | 33.06 | 0.991 times |
| 11 Wed Sep 2024 | 31.62 | 31.63 | 31.63 | 31.10 | 1.041 times |
| 10 Tue Sep 2024 | 30.13 | 30.00 | 30.13 | 28.70 | 0.972 times |
| 09 Mon Sep 2024 | 28.70 | 28.40 | 28.71 | 26.02 | 1.412 times |
| 06 Fri Sep 2024 | 27.35 | 28.99 | 28.99 | 27.35 | 0.798 times |
My analysis of stock is bearish for shortterm, and stock might move down till 29.7 or till 26.4. Use a stoploss of 32.44 and if the stock hits stoploss, then it can shoot up till 35.18
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 |
| Downside Target | 32.20 |
| Upside Target | 34.86 |
| Upside Target | 36.82 |
| Upside Target | 39.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 31.08 |
| Downside Intraday Target | 29.97 |
| Upside Intraday Target | 34.43 |
| Upside Intraday Target | 36.67 |
| Upside Intraday Target | 33.32 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Thu Sep 2024 | 32.20 | 35.55 | 35.55 | 32.20 | 0.203 times |
| 13 Fri Sep 2024 | 34.86 | 28.40 | 34.86 | 26.02 | 1.3 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 |
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 |
| 19 Thu Sep 2024 | 32.20 | 35.40 | 36.82 | 26.02 | 0.164 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 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 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 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 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 SELL signal for Mel in short term but the sell signal is initial and weak.
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 in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 31.94 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 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 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 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 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 SELL signal for Mel in short term but the sell signal is initial and weak.
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 in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Mel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 31.94 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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