(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 2024-12-31 View latest technical analysis
10 day averaged volume of Mel is 17788
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Tue Dec 2024 | 27.19 | 27.74 | 27.74 | 26.50 | 0.404 times |
| 30 Mon Dec 2024 | 27.23 | 26.39 | 27.85 | 26.39 | 0.401 times |
| 27 Fri Dec 2024 | 27.27 | 26.90 | 27.99 | 26.69 | 0.284 times |
| 26 Thu Dec 2024 | 27.23 | 28.40 | 28.41 | 26.90 | 0.491 times |
| 24 Tue Dec 2024 | 28.31 | 28.80 | 28.80 | 27.20 | 0.828 times |
| 23 Mon Dec 2024 | 27.47 | 30.00 | 30.00 | 27.20 | 0.732 times |
| 20 Fri Dec 2024 | 27.88 | 27.92 | 28.75 | 26.54 | 3.68 times |
| 19 Thu Dec 2024 | 27.99 | 29.04 | 29.05 | 27.50 | 0.857 times |
| 18 Wed Dec 2024 | 28.98 | 29.45 | 32.20 | 28.00 | 1.098 times |
| 17 Tue Dec 2024 | 29.61 | 29.09 | 30.00 | 27.53 | 1.184 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 27.5, but if it comes above 27.5, then a intra day buy could be more profitable.
If you take a sell trade below 27.5, then use 27.5 as stoploss and 26.4 as target. However if you take a buy trade in stock , then use 27.5 as stoploss and 28.41 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 |
| Upside Target | 27.50 |
| Upside Target | 30.00 |
| Upside Target | 30.89 |
| 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 | 26.44 |
| Downside Intraday Target | 25.68 |
| Upside Intraday Target | 27.9 |
| Upside Intraday Target | 28.6 |
| Downside Intraday Target | 27.14 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Tue Dec 2024 | 27.19 | 26.39 | 27.85 | 26.39 | 0.345 times |
| 27 Fri Dec 2024 | 27.27 | 30.00 | 30.00 | 26.69 | 0.322 times |
| 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 |
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 |
| 31 Tue Dec 2024 | 27.19 | 33.49 | 33.49 | 25.33 | 1.735 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, and volume has increased substantially. This means that the move can 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 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 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 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 28.12 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 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 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 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 28.12 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