(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 2025-01-07 View latest technical analysis
10 day averaged volume of Mel is 8674
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue Jan 2025 | 27.43 | 28.15 | 28.15 | 26.64 | 0.46 times |
| 06 Mon Jan 2025 | 27.64 | 28.15 | 28.15 | 26.54 | 1.533 times |
| 03 Fri Jan 2025 | 27.33 | 26.70 | 27.84 | 26.70 | 0.73 times |
| 02 Thu Jan 2025 | 27.60 | 28.29 | 28.29 | 26.66 | 0.622 times |
| 01 Wed Jan 2025 | 27.37 | 27.62 | 27.81 | 26.50 | 0.674 times |
| 31 Tue Dec 2024 | 27.19 | 27.74 | 27.74 | 26.50 | 0.828 times |
| 30 Mon Dec 2024 | 27.23 | 26.39 | 27.85 | 26.39 | 0.823 times |
| 27 Fri Dec 2024 | 27.27 | 26.90 | 27.99 | 26.69 | 0.582 times |
| 26 Thu Dec 2024 | 27.23 | 28.40 | 28.41 | 26.90 | 1.007 times |
| 24 Tue Dec 2024 | 28.31 | 28.80 | 28.80 | 27.20 | 1.698 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 27.2 as stoploss in an intra day buy trade for a target of 27.9. However, stock will show a bearish move below 27.2.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 23.44 |
| Downside Target | 25.33 |
| Downside Target | 26.02 |
| Upside Target | 28.15 |
| Upside Target | 28.29 |
| 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 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 26.6 |
| Downside Intraday Target | 25.76 |
| Upside Intraday Target | 28.21 |
| Upside Intraday Target | 28.98 |
| Downside Intraday Target | 27.37 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue Jan 2025 | 27.43 | 28.15 | 28.15 | 26.54 | 0.542 times |
| 03 Fri Jan 2025 | 27.33 | 26.39 | 28.29 | 26.39 | 0.768 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 |
Price has moved up 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 |
| 07 Tue Jan 2025 | 27.43 | 27.62 | 28.29 | 26.50 | 0.109 times |
| 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 |
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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Mel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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
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 27.56 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Mel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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
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 27.56 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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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