(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 2024-11-18 View latest technical analysis
10 day averaged volume of Mel is 10916
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 27.58 | 26.11 | 28.60 | 26.10 | 1.068 times |
| 14 Thu Nov 2024 | 27.43 | 28.00 | 29.40 | 27.38 | 0.688 times |
| 13 Wed Nov 2024 | 28.82 | 30.70 | 30.90 | 28.78 | 0.608 times |
| 12 Tue Nov 2024 | 30.29 | 31.05 | 31.80 | 29.50 | 1.214 times |
| 11 Mon Nov 2024 | 31.03 | 32.70 | 34.00 | 31.03 | 1.778 times |
| 08 Fri Nov 2024 | 32.66 | 32.60 | 32.66 | 32.60 | 1.999 times |
| 07 Thu Nov 2024 | 31.11 | 31.11 | 31.11 | 31.11 | 1.479 times |
| 06 Wed Nov 2024 | 29.63 | 29.89 | 29.95 | 28.00 | 1.036 times |
| 05 Tue Nov 2024 | 28.53 | 29.02 | 29.02 | 26.75 | 0.493 times |
| 04 Mon Nov 2024 | 28.11 | 29.27 | 29.27 | 27.51 | 0.49 times |
My analysis of stock is bearish for shortterm, and stock might move down till 25.8 or till 23.2. Use a stoploss of 27.92 and if the stock hits stoploss, then it can shoot up till 30.06
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.81 |
| Downside Target | 20.30 |
| Downside Target | 23.44 |
| Downside Target | 24.59 |
| Downside Target | 25.68 |
| Downside Target | 26.75 |
| Downside Target | 27.38 |
| Upside Target | 28.39 |
| Upside Target | 30.89 |
| Upside Target | 32.66 |
| Upside Target | 34.00 |
| Upside Target | 36.82 |
| Upside Target | 39.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 26.25 |
| Downside Intraday Target | 24.93 |
| Upside Intraday Target | 28.75 |
| Upside Intraday Target | 29.93 |
| Downside Intraday Target | 27.43 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 27.58 | 26.11 | 28.60 | 26.10 | 0.249 times |
| 14 Thu Nov 2024 | 27.43 | 32.70 | 34.00 | 27.38 | 0.78 times |
| 08 Fri Nov 2024 | 32.66 | 29.27 | 32.66 | 26.75 | 1.831 times |
| 01 Fri Nov 2024 | 28.54 | 25.63 | 28.90 | 24.59 | 0.259 times |
| 25 Fri Oct 2024 | 25.00 | 27.50 | 28.39 | 23.44 | 3.953 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 |
| 18 Mon Nov 2024 | 27.58 | 28.20 | 34.00 | 26.10 | 0.497 times |
| 31 Thu Oct 2024 | 27.99 | 30.89 | 30.89 | 23.44 | 0.495 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 |
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 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 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 mid to longer 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.
ADX buy sell signal for Mel stock for short term is SELL. Signal strength is Strong 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 moving up
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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 30.19 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 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 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 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 mid to longer 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.
ADX buy sell signal for Mel stock for short term is SELL. Signal strength is Strong 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 moving up
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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 30.19 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.
Click here for further forecast and predictions for tomorrow