(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 2024-11-26 View latest technical analysis
10 day averaged volume of Mel is 9711
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Tue Nov 2024 | 27.95 | 26.90 | 28.90 | 26.90 | 0.528 times |
| 25 Mon Nov 2024 | 28.24 | 29.65 | 29.70 | 27.10 | 0.746 times |
| 22 Fri Nov 2024 | 28.48 | 28.87 | 28.87 | 26.22 | 0.231 times |
| 21 Thu Nov 2024 | 27.52 | 27.50 | 28.99 | 27.50 | 0.488 times |
| 19 Tue Nov 2024 | 28.00 | 27.42 | 28.85 | 27.42 | 0.269 times |
| 18 Mon Nov 2024 | 27.58 | 26.11 | 28.60 | 26.10 | 1.2 times |
| 14 Thu Nov 2024 | 27.43 | 28.00 | 29.40 | 27.38 | 0.773 times |
| 13 Wed Nov 2024 | 28.82 | 30.70 | 30.90 | 28.78 | 0.683 times |
| 12 Tue Nov 2024 | 30.29 | 31.05 | 31.80 | 29.50 | 1.364 times |
| 11 Mon Nov 2024 | 31.03 | 32.70 | 34.00 | 31.03 | 1.999 times |
My analysis of stock is bearish for shortterm, and stock might move down till 26.9 or till 25. Use a stoploss of 28.55 and if the stock hits stoploss, then it can shoot up till 30.19
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 |
| Upside Target | 28.90 |
| Upside Target | 29.70 |
| 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 | 26.67 |
| Downside Intraday Target | 25.38 |
| Upside Intraday Target | 29.47 |
| Upside Intraday Target | 30.98 |
| Upside Intraday Target | 28.18 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Tue Nov 2024 | 27.95 | 29.65 | 29.70 | 26.90 | 0.582 times |
| 22 Fri Nov 2024 | 28.48 | 26.11 | 28.99 | 26.10 | 0.454 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 |
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 |
| 26 Tue Nov 2024 | 27.95 | 28.20 | 34.00 | 26.10 | 0.587 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 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 term time period is neutral. A longer time frame might give a better analysis.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 and the sell signal is strong.
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 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 29.07 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 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 term time period is neutral. A longer time frame might give a better analysis.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 and the sell signal is strong.
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 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 29.07 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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