(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 2025-02-06 View latest technical analysis
10 day averaged volume of Mel is 7166
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Thu Feb 2025 | 25.01 | 25.05 | 26.34 | 24.99 | 2.683 times |
| 05 Wed Feb 2025 | 26.00 | 26.67 | 26.67 | 25.70 | 1.155 times |
| 04 Tue Feb 2025 | 26.04 | 27.45 | 27.45 | 25.80 | 0.573 times |
| 03 Mon Feb 2025 | 26.61 | 26.73 | 26.74 | 25.70 | 0.283 times |
| 31 Fri Jan 2025 | 26.89 | 27.39 | 27.89 | 25.36 | 1.121 times |
| 30 Thu Jan 2025 | 26.40 | 26.83 | 26.83 | 25.31 | 1.111 times |
| 29 Wed Jan 2025 | 25.93 | 26.00 | 26.98 | 25.66 | 0.756 times |
| 28 Tue Jan 2025 | 25.97 | 25.66 | 29.94 | 25.66 | 2.198 times |
| 27 Mon Jan 2025 | 28.00 | 28.62 | 29.58 | 27.50 | 0.914 times |
| 24 Fri Jan 2025 | 28.06 | 29.85 | 30.74 | 27.51 | 1.473 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 25.8, but if it comes above 25.8, then a intra day buy could be more profitable.
If you take a sell trade below 25.8, then use 25.8 as stoploss and 24.3 as target. However if you take a buy trade in stock , then use 25.8 as stoploss and 27.13 as target.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 23.44 |
| Downside Target | 24.99 |
| Upside Target | 27.45 |
| Upside Target | 28.39 |
| Upside Target | 29.94 |
| Upside Target | 30.75 |
| Upside Target | 30.89 |
| Upside Target | 30.97 |
| Upside Target | 33.49 |
| Upside Target | 34.00 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 24.18 |
| Downside Intraday Target | 23.36 |
| Upside Intraday Target | 26.64 |
| Upside Intraday Target | 28.28 |
| Upside Intraday Target | 25.82 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Thu Feb 2025 | 25.01 | 26.73 | 27.45 | 24.99 | 0.769 times |
| 31 Fri Jan 2025 | 26.89 | 28.62 | 29.94 | 25.31 | 0.791 times |
| 24 Fri Jan 2025 | 28.06 | 30.35 | 30.97 | 25.53 | 0.917 times |
| 17 Fri Jan 2025 | 30.42 | 25.80 | 30.75 | 25.00 | 1.541 times |
| 10 Fri Jan 2025 | 25.80 | 28.15 | 28.39 | 25.62 | 1.226 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 |
| 06 Thu Feb 2025 | 25.01 | 26.73 | 27.45 | 24.99 | 0.156 times |
| 31 Fri Jan 2025 | 26.89 | 27.62 | 30.97 | 25.00 | 0.676 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 |
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 but buying is losing 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 26.3 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 but buying is losing 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 26.3 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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