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(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 2024-09-27 View latest technical analysis

10 day averaged volume of Mel is 17122

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	29.71	28.55	29.71	28.55	1.179 times
26 Thu Sep 2024	29.13	29.13	29.13	29.13	0.287 times
25 Wed Sep 2024	29.72	29.72	29.72	29.72	0.193 times
24 Tue Sep 2024	30.32	30.32	30.32	30.32	2.287 times
23 Mon Sep 2024	30.93	31.56	31.56	30.93	1.137 times
20 Fri Sep 2024	31.56	31.56	31.56	31.56	0.049 times
19 Thu Sep 2024	32.20	32.20	32.20	32.20	0.02 times
18 Wed Sep 2024	32.85	32.85	32.85	32.85	0.019 times
17 Tue Sep 2024	33.52	33.52	33.52	33.52	0.283 times
16 Mon Sep 2024	34.20	35.55	35.55	34.20	1.999 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 29.2 as stoploss in an intra day buy trade for a target of 31.21. However, stock will show a bearish move below 29.2.

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	28.55
Upside Target	31.56
Upside Target	34.86
Upside Target	35.55
Upside Target	36.82
Upside Target	39.97

Intraday share price targets for Mel (Mel)

Target Type	Value
Downside Intraday Target	28.32
Downside Intraday Target	26.93
Upside Intraday Target	31.33
Upside Intraday Target	32.95
Upside Intraday Target	29.94

Weekly technical analysis of Mel (Mel)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	29.71	31.56	31.56	28.55	2.144 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, 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
27 Fri Sep 2024	29.71	35.40	36.82	26.02	0.201 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 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 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 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mel in short term but BUY signal is weak.

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 31.44 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.