(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 2024-12-20 View latest technical analysis
10 day averaged volume of Mel is 15227
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Dec 2024 | 27.88 | 27.92 | 28.75 | 26.54 | 4.299 times |
| 19 Thu Dec 2024 | 27.99 | 29.04 | 29.05 | 27.50 | 1.002 times |
| 18 Wed Dec 2024 | 28.98 | 29.45 | 32.20 | 28.00 | 1.282 times |
| 17 Tue Dec 2024 | 29.61 | 29.09 | 30.00 | 27.53 | 1.383 times |
| 16 Mon Dec 2024 | 28.26 | 27.50 | 29.01 | 27.43 | 0.518 times |
| 13 Fri Dec 2024 | 27.80 | 27.95 | 28.65 | 25.33 | 0.508 times |
| 12 Thu Dec 2024 | 27.94 | 30.85 | 30.85 | 27.50 | 1.078 times |
| 11 Wed Dec 2024 | 28.52 | 29.24 | 29.85 | 28.00 | 1.197 times |
| 10 Tue Dec 2024 | 28.90 | 30.45 | 30.45 | 28.15 | 0.954 times |
| 09 Mon Dec 2024 | 29.07 | 27.30 | 31.90 | 27.30 | 1.129 times |
Stock of Mel (Mel) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 27.9, but if it comes above 27.9, then a intra day buy could be more profitable.
If you take a sell trade below 27.9, then use 27.9 as stoploss and 26.7 as target. However if you take a buy trade in stock , then use 27.9 as stoploss and 28.96 as target.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 20.30 |
| Downside Target | 23.44 |
| Downside Target | 25.33 |
| Downside Target | 26.02 |
| Downside Target | 27.50 |
| Upside Target | 28.99 |
| Upside Target | 30.51 |
| Upside Target | 31.90 |
| Upside Target | 32.20 |
| 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 | 25.55 |
| Downside Intraday Target | 23.21 |
| Upside Intraday Target | 31.21 |
| Upside Intraday Target | 34.53 |
| Upside Intraday Target | 28.87 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Dec 2024 | 27.88 | 27.50 | 32.20 | 26.54 | 1.744 times |
| 13 Fri Dec 2024 | 27.80 | 27.30 | 31.90 | 25.33 | 1.226 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mel (Mel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 20 Fri Dec 2024 | 27.88 | 33.49 | 33.49 | 25.33 | 1.432 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 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 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 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 losing momentum.
MACD generated a SELL signal for Mel in short term and the sell signal is strong.
Mel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 28.42 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 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 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 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 losing momentum.
MACD generated a SELL signal for Mel in short term and the sell signal is strong.
Mel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 28.42 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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