(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 2024-12-12 View latest technical analysis
10 day averaged volume of Mel is 14923
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Thu Dec 2024 | 27.94 | 30.85 | 30.85 | 27.50 | 1.1 times |
| 11 Wed Dec 2024 | 28.52 | 29.24 | 29.85 | 28.00 | 1.221 times |
| 10 Tue Dec 2024 | 28.90 | 30.45 | 30.45 | 28.15 | 0.973 times |
| 09 Mon Dec 2024 | 29.07 | 27.30 | 31.90 | 27.30 | 1.152 times |
| 06 Fri Dec 2024 | 29.00 | 29.00 | 30.00 | 27.50 | 0.969 times |
| 05 Thu Dec 2024 | 29.23 | 29.58 | 30.90 | 29.00 | 0.682 times |
| 04 Wed Dec 2024 | 30.18 | 31.20 | 31.20 | 29.25 | 0.389 times |
| 03 Tue Dec 2024 | 30.22 | 31.87 | 31.87 | 28.65 | 0.84 times |
| 02 Mon Dec 2024 | 31.70 | 33.49 | 33.49 | 31.10 | 1.171 times |
| 29 Fri Nov 2024 | 30.49 | 30.09 | 30.51 | 28.70 | 1.125 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 27.7 as stoploss in an intra day buy trade for a target of 28.83. However, stock will show a bearish move below 27.7.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 20.30 |
| Downside Target | 23.44 |
| Downside Target | 26.02 |
| Downside Target | 26.90 |
| Upside Target | 28.99 |
| Upside Target | 30.51 |
| Upside Target | 31.90 |
| Upside Target | 33.49 |
| 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 | 26.19 |
| Downside Intraday Target | 24.45 |
| Upside Intraday Target | 30.79 |
| Upside Intraday Target | 33.65 |
| Upside Intraday Target | 29.05 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Thu Dec 2024 | 27.94 | 27.30 | 31.90 | 27.30 | 1.098 times |
| 06 Fri Dec 2024 | 29.00 | 33.49 | 33.49 | 27.50 | 1.123 times |
| 29 Fri Nov 2024 | 30.49 | 29.65 | 30.51 | 26.90 | 2.531 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 |
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 |
| 12 Thu Dec 2024 | 27.94 | 33.49 | 33.49 | 27.30 | 0.688 times |
| 29 Fri Nov 2024 | 30.49 | 28.20 | 34.00 | 26.10 | 0.758 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 |
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 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 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.
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 BUY. 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 green color and prices are in or below the green 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 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 29.49 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 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 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 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.
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 BUY. 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 green color and prices are in or below the green 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 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 29.49 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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