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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 2024-10-09 View latest technical analysis

10 day averaged volume of Mel is 15053

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	28.48	27.93	28.48	27.93	0.195 times
08 Tue Oct 2024	27.93	28.50	28.50	27.93	0.395 times
07 Mon Oct 2024	28.50	28.92	28.92	28.50	0.341 times
03 Thu Oct 2024	29.50	29.70	29.70	29.50	1.327 times
01 Tue Oct 2024	29.70	30.89	30.89	29.70	1.001 times
30 Mon Sep 2024	30.30	29.71	30.30	29.71	1.153 times
27 Fri Sep 2024	29.71	28.55	29.71	28.55	1.341 times
26 Thu Sep 2024	29.13	29.13	29.13	29.13	0.326 times
25 Wed Sep 2024	29.72	29.72	29.72	29.72	0.22 times
24 Tue Sep 2024	30.32	30.32	30.32	30.32	2.602 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 26.6 as target. However if you take a buy trade in stock , then use 29 as stoploss and 30.92 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	27.97
Downside Intraday Target	27.45
Upside Intraday Target	28.96
Upside Intraday Target	29.43
Downside Intraday Target	28.44

Weekly technical analysis of Mel (Mel)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	28.48	28.92	28.92	27.93	0.267 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
09 Wed Oct 2024	28.48	30.89	30.89	27.93	0.1 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 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 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 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 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 getting stronger in this stock.

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 29.76 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.