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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 1862

Date Daily Closing Price Open High Low Volume
11 Fri Jun 2021 3.45 3.44 3.61 3.44 1.758 times
10 Thu Jun 2021 3.44 3.44 3.44 3.43 2.245 times
09 Wed Jun 2021 3.28 3.13 3.28 3.13 1.02 times
08 Tue Jun 2021 3.13 3.13 3.13 3.10 1.478 times
07 Mon Jun 2021 2.99 2.99 2.99 2.99 1.332 times
04 Fri Jun 2021 2.85 2.85 2.85 2.85 0.26 times
03 Thu Jun 2021 2.85 2.85 2.99 2.85 2.473 times
02 Wed Jun 2021 2.85 2.85 2.85 2.85 0.127 times
01 Tue Jun 2021 2.85 2.90 2.96 2.85 0.47 times
31 Mon May 2021 2.95 3.00 3.00 2.95 0.057 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 3.4, for a target of 3.2 or 2.97

Share price targets for Mel (Mel)

Target Type Value
Downside Target 2.18
Downside Target 2.25
Downside Target 2.32
Downside Target 2.72
Downside Target 2.80
Downside Target 2.99
Downside Target 3.00
Downside Target 3.02
Upside Target 3.61

Intraday share price targets for Mel (Mel)

Target Type Value
Downside Intraday Target 3.09
Downside Intraday Target 2.73
Upside Intraday Target 3.71
Upside Intraday Target 3.97
Downside Intraday Target 3.35

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
11 Fri Jun 2021 3.45 2.99 3.61 2.99 2.313 times
04 Fri Jun 2021 2.85 3.00 3.00 2.85 0.908 times
28 Fri May 2021 2.86 2.85 2.99 2.72 3.883 times
21 Fri May 2021 2.85 2.85 2.99 2.85 3.229 times
12 Wed May 2021 2.85 2.80 2.85 2.80 0.388 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
11 Fri Jun 2021 3.45 2.90 3.61 2.85 1.921 times
31 Mon May 2021 2.95 2.85 3.00 2.72 2.207 times
29 Thu Apr 2021 2.99 2.38 2.99 2.25 0.251 times
31 Wed Mar 2021 2.37 2.38 3.02 2.32 1.984 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Mel (Mel)

Indicator Name Indicator Value Indicator Signal
ADX 77, 38, 33 Buy
MACD 0, 0Buy
Stochastics 93Buy
CCI 143Buy
RSI 50Buy
OBV 15868Sell
VWAP 3Buy
ADL 0Sell
ROC 21Buy
Force Index 0Sell

Price action analysis of Mel ( (Mel) ) based on a short 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 short 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Mel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 3.16 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Mel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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