(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 2024-10-08 View latest technical analysis
10 day averaged volume of Mel is 14543
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Tue Oct 2024 | 27.93 | 28.50 | 28.50 | 27.93 | 0.409 times |
| 07 Mon Oct 2024 | 28.50 | 28.92 | 28.92 | 28.50 | 0.353 times |
| 03 Thu Oct 2024 | 29.50 | 29.70 | 29.70 | 29.50 | 1.374 times |
| 01 Tue Oct 2024 | 29.70 | 30.89 | 30.89 | 29.70 | 1.037 times |
| 30 Mon Sep 2024 | 30.30 | 29.71 | 30.30 | 29.71 | 1.194 times |
| 27 Fri Sep 2024 | 29.71 | 28.55 | 29.71 | 28.55 | 1.388 times |
| 26 Thu Sep 2024 | 29.13 | 29.13 | 29.13 | 29.13 | 0.338 times |
| 25 Wed Sep 2024 | 29.72 | 29.72 | 29.72 | 29.72 | 0.228 times |
| 24 Tue Sep 2024 | 30.32 | 30.32 | 30.32 | 30.32 | 2.693 times |
| 23 Mon Sep 2024 | 30.93 | 31.56 | 31.56 | 30.93 | 1.338 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29, but if it comes above 29, then a intra day buy could be more profitable.
If you take a sell trade below 29, then use 29 as stoploss and 26.7 as target. However if you take a buy trade in stock , then use 29 as stoploss and 30.93 as target.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.81 |
| Downside Target | 20.30 |
| Downside Target | 23.10 |
| Downside Target | 25.68 |
| Downside Target | 27.93 |
| Upside Target | 28.55 |
| Upside Target | 29.50 |
| Upside Target | 30.89 |
| 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 | 27.6 |
| Downside Intraday Target | 27.27 |
| Upside Intraday Target | 28.59 |
| Upside Intraday Target | 29.25 |
| Upside Intraday Target | 28.26 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Tue Oct 2024 | 27.93 | 28.92 | 28.92 | 27.93 | 0.211 times |
| 03 Thu Oct 2024 | 29.50 | 29.71 | 30.89 | 29.50 | 0.602 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 |
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 |
| 08 Tue Oct 2024 | 27.93 | 30.89 | 30.89 | 27.93 | 0.094 times |
| 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 |
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 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 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 to mid 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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
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 29.94 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 negative.
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 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 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 to mid 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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
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 29.94 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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