(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 2024-09-24 View latest technical analysis
10 day averaged volume of Mel is 21347
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Tue Sep 2024 | 30.32 | 30.32 | 30.32 | 30.32 | 1.834 times |
| 23 Mon Sep 2024 | 30.93 | 31.56 | 31.56 | 30.93 | 0.912 times |
| 20 Fri Sep 2024 | 31.56 | 31.56 | 31.56 | 31.56 | 0.04 times |
| 19 Thu Sep 2024 | 32.20 | 32.20 | 32.20 | 32.20 | 0.016 times |
| 18 Wed Sep 2024 | 32.85 | 32.85 | 32.85 | 32.85 | 0.015 times |
| 17 Tue Sep 2024 | 33.52 | 33.52 | 33.52 | 33.52 | 0.227 times |
| 16 Mon Sep 2024 | 34.20 | 35.55 | 35.55 | 34.20 | 1.604 times |
| 13 Fri Sep 2024 | 34.86 | 34.70 | 34.86 | 33.00 | 2.988 times |
| 12 Thu Sep 2024 | 33.20 | 33.15 | 33.20 | 33.06 | 1.385 times |
| 11 Wed Sep 2024 | 31.62 | 31.63 | 31.63 | 31.10 | 1.456 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 29.7 as stoploss in an intra day buy trade for a target of 32.15. However, stock will show a bearish move below 29.7.
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 | 30.32 |
| Upside Target | 31.56 |
| 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 | 29.91 |
| Downside Intraday Target | 29.49 |
| Upside Intraday Target | 31.15 |
| Upside Intraday Target | 31.97 |
| Upside Intraday Target | 30.73 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Tue Sep 2024 | 30.32 | 31.56 | 31.56 | 30.32 | 1.444 times |
| 20 Fri Sep 2024 | 31.56 | 35.55 | 35.55 | 31.56 | 0.208 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 |
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 |
| 24 Tue Sep 2024 | 30.32 | 35.40 | 36.82 | 26.02 | 0.189 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 neutral. A longer time frame might give a better analysis.
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 SELL. 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.
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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 32.9 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 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 neutral. A longer time frame might give a better analysis.
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 SELL. 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.
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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 32.9 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 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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