(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 2024-11-27 View latest technical analysis
10 day averaged volume of Mel is 8042
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Wed Nov 2024 | 28.25 | 27.11 | 28.86 | 27.11 | 0.32 times |
| 26 Tue Nov 2024 | 27.95 | 26.90 | 28.90 | 26.90 | 0.637 times |
| 25 Mon Nov 2024 | 28.24 | 29.65 | 29.70 | 27.10 | 0.901 times |
| 22 Fri Nov 2024 | 28.48 | 28.87 | 28.87 | 26.22 | 0.279 times |
| 21 Thu Nov 2024 | 27.52 | 27.50 | 28.99 | 27.50 | 0.589 times |
| 19 Tue Nov 2024 | 28.00 | 27.42 | 28.85 | 27.42 | 0.325 times |
| 18 Mon Nov 2024 | 27.58 | 26.11 | 28.60 | 26.10 | 1.45 times |
| 14 Thu Nov 2024 | 27.43 | 28.00 | 29.40 | 27.38 | 0.934 times |
| 13 Wed Nov 2024 | 28.82 | 30.70 | 30.90 | 28.78 | 0.825 times |
| 12 Tue Nov 2024 | 30.29 | 31.05 | 31.80 | 29.50 | 1.647 times |
My analysis of stock is bearish for shortterm, and stock might move down till 27.1 or till 25.3. Use a stoploss of 28.66 and if the stock hits stoploss, then it can shoot up till 30.2
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 | 26.87 |
| Downside Intraday Target | 25.48 |
| Upside Intraday Target | 29.67 |
| Upside Intraday Target | 31.08 |
| Upside Intraday Target | 28.28 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Wed Nov 2024 | 28.25 | 29.65 | 29.70 | 26.90 | 0.703 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 |
| 27 Wed Nov 2024 | 28.25 | 28.20 | 34.00 | 26.10 | 0.598 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 up 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 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 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 28.43 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 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 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 28.43 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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