(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 5321
Date | Daily Closing Price | Open | High | Low | Volume |
07 Tue May 2024 | 21.80 | 22.99 | 22.99 | 21.16 | 0.691 times |
06 Mon May 2024 | 21.94 | 21.02 | 22.93 | 21.02 | 0.582 times |
03 Fri May 2024 | 21.84 | 22.90 | 22.90 | 21.70 | 0.495 times |
02 Thu May 2024 | 22.48 | 22.70 | 22.70 | 22.11 | 0.65 times |
30 Tue Apr 2024 | 22.30 | 22.00 | 22.90 | 21.74 | 0.267 times |
My analysis of stock is bearish for shortterm, and stock might move down till 21.5 or till 20.8. Use a stoploss of 22.07 and if the stock hits stoploss, then it can shoot up till 22.64
Share price targets for Mel (Mel)
Target Type | Value |
Downside Target | 18.24 |
Downside Target | 19.00 |
Downside Target | 20.20 |
Downside Target | 20.90 |
Downside Target | 21.60 |
Upside Target | 22.98 |
Upside Target | 22.99 |
Upside Target | 23.69 |
Upside Target | 24.44 |
Upside Target | 25.97 |
Upside Target | 26.67 |
Upside Target | 30.04 |
Intraday share price targets for Mel (Mel)
Target Type | Value |
Downside Intraday Target | 20.88 |
Downside Intraday Target | 19.97 |
Upside Intraday Target | 22.85 |
Upside Intraday Target | 23.91 |
Upside Intraday Target | 21.94 |
Weekly technical analysis of Mel (Mel)
Date | Weekly Closing Price | Open | High | Low | Volume |
07 Tue May 2024 | 21.80 | 21.02 | 22.99 | 21.02 | 0.505 times |
03 Fri May 2024 | 21.84 | 22.55 | 22.99 | 21.62 | 0.305 times |
26 Fri Apr 2024 | 22.44 | 22.48 | 23.69 | 20.90 | 2.599 times |
19 Fri Apr 2024 | 21.24 | 20.20 | 22.98 | 20.20 | 0.494 times |
12 Fri Apr 2024 | 22.30 | 23.73 | 24.44 | 21.60 | 0.617 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 |
07 Tue May 2024 | 21.80 | 22.70 | 22.99 | 21.02 | 0.081 times |
30 Tue Apr 2024 | 22.30 | 19.00 | 24.44 | 19.00 | 0.74 times |
28 Thu Mar 2024 | 19.20 | 24.01 | 25.97 | 18.24 | 1.335 times |
29 Thu Feb 2024 | 24.61 | 25.70 | 26.67 | 21.81 | 0.297 times |
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)
Indicator Name | Indicator Value | Indicator Signal |
ADX | 14, 13, 5 | Buy |
MACD | -0, -0 | Buy |
Stochastics | 34 | None |
CCI | -23 | Buy |
RSI | 49 | Sell |
OBV | 18399 | Sell |
VWAP | 22 | Sell |
ADL | 0 | Sell |
ROC | 4 | Buy |
Force Index | 0 | Sell |
Price action analysis of Mel ( (Mel) ) based on a short term time period is
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 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 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 gaining momentum.
MACD generated a BUY signal for Mel in short term but the buy 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.08 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 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.
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