(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 2024-09-30 View latest technical analysis
10 day averaged volume of Mel is 12762
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 30.30 | 29.71 | 30.30 | 29.71 | 1.361 times |
| 27 Fri Sep 2024 | 29.71 | 28.55 | 29.71 | 28.55 | 1.582 times |
| 26 Thu Sep 2024 | 29.13 | 29.13 | 29.13 | 29.13 | 0.385 times |
| 25 Wed Sep 2024 | 29.72 | 29.72 | 29.72 | 29.72 | 0.26 times |
| 24 Tue Sep 2024 | 30.32 | 30.32 | 30.32 | 30.32 | 3.069 times |
| 23 Mon Sep 2024 | 30.93 | 31.56 | 31.56 | 30.93 | 1.525 times |
| 20 Fri Sep 2024 | 31.56 | 31.56 | 31.56 | 31.56 | 0.066 times |
| 19 Thu Sep 2024 | 32.20 | 32.20 | 32.20 | 32.20 | 0.027 times |
| 18 Wed Sep 2024 | 32.85 | 32.85 | 32.85 | 32.85 | 0.026 times |
| 17 Tue Sep 2024 | 33.52 | 33.52 | 33.52 | 33.52 | 0.38 times |
My analysis of stock is bearish for shortterm, and stock might move down till 29.1 or till 26.8. Use a stoploss of 31.05 and if the stock hits stoploss, then it can shoot up till 32.99
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 |
| Downside Target | 29.71 |
| 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 | 29.91 |
| Downside Intraday Target | 29.51 |
| Upside Intraday Target | 30.5 |
| Upside Intraday Target | 30.69 |
| Downside Intraday Target | 30.1 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 30.30 | 29.71 | 30.30 | 29.71 | 0.2 times |
| 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 |
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 |
| 30 Mon Sep 2024 | 30.30 | 35.40 | 36.82 | 26.02 | 0.209 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 above 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 30.4 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Mel ( (Mel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 above 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 30.4 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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