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(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)

10 day averaged volume of Mel is 6769

Date Daily Closing Price Open High Low Volume
21 Tue Sep 2021 9.10 8.75 9.25 8.75 1.67 times
20 Mon Sep 2021 9.21 8.52 9.30 8.52 2.348 times
17 Fri Sep 2021 8.96 8.69 9.59 8.69 1.643 times
16 Thu Sep 2021 9.14 9.50 9.50 9.11 0.808 times
15 Wed Sep 2021 9.58 9.34 9.74 8.88 0.582 times
14 Tue Sep 2021 9.34 9.33 9.34 8.46 0.2 times
13 Mon Sep 2021 8.90 9.55 9.70 8.90 0.422 times
09 Thu Sep 2021 9.34 9.01 9.44 9.01 0.203 times
08 Wed Sep 2021 9.01 9.79 9.79 8.97 0.255 times
07 Tue Sep 2021 9.44 9.45 9.45 8.61 3.089 times

My analysis of stock is bullish for shortterm, and stock might move up till 9.4 or till 9.8. Use a stoploss of 8.98 and if this stock hits its stoploss, then it can fall down till 8.61

Share price targets for Mel (Mel)

Target Type Value
Downside Target 2.72
Downside Target 2.85
Downside Target 3.00
Downside Target 3.98
Downside Target 5.29
Downside Target 7.43
Downside Target 7.67
Downside Target 8.46
Downside Target 9.05
Upside Target 9.30
Upside Target 9.74
Upside Target 9.75
Upside Target 9.79
Upside Target 10.87

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 8.65
Downside Intraday Target 8.19
Upside Intraday Target 9.43
Upside Intraday Target 9.75
Downside Intraday Target 8.97

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
21 Tue Sep 2021 9.10 8.52 9.30 8.52 1.099 times
17 Fri Sep 2021 8.96 9.55 9.74 8.46 0.915 times
09 Thu Sep 2021 9.34 9.10 9.79 8.61 0.57 times
03 Fri Sep 2021 9.29 8.50 9.75 7.72 0.56 times
27 Fri Aug 2021 8.10 8.01 9.05 7.43 3.743 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
21 Tue Sep 2021 9.10 8.92 9.79 8.46 0.313 times
31 Tue Aug 2021 8.92 8.05 10.87 7.43 3.547 times
30 Fri Jul 2021 7.67 4.72 7.67 3.98 1.777 times
30 Wed Jun 2021 4.81 2.90 5.29 2.85 4.353 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)

Indicator Name Indicator Value Indicator Signal
ADX 18, 19, 4 Sell
MACD 1, 1Sell
Stochastics 47None
CCI -89Buy
RSI 56Buy
OBV 25954Sell
VWAP 9Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mel in short term but the sell signal is initial and weak.

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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Mel in short term but BUY signal is weak.

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 9.22 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 is giving positive 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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Daily charts

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Daily chart

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