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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 3371

Date Daily Closing Price Open High Low Volume
20 Mon May 2024 21.97 21.81 22.99 21.50 0.303 times
17 Fri May 2024 22.08 22.00 22.44 22.00 0.849 times
16 Thu May 2024 21.94 21.83 22.23 21.40 2.793 times
15 Wed May 2024 21.83 22.35 22.35 21.52 0.286 times
14 Tue May 2024 22.09 22.20 22.20 21.15 1.598 times

My analysis of stock is bullish for shortterm, and stock might move up till 22.3 or till 22.7. Use a stoploss of 21.9 and if this stock hits its stoploss, then it can fall down till 21.53

Share price targets for Mel (Mel)

Target Type Value
Downside Target 18.24
Downside Target 19.00
Downside Target 20.90
Upside Target 22.50
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 21.32
Downside Intraday Target 20.66
Upside Intraday Target 22.81
Upside Intraday Target 23.64
Upside Intraday Target 22.15

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
20 Mon May 2024 21.97 21.81 22.99 21.50 0.041 times
17 Fri May 2024 22.08 22.50 22.50 21.15 2.317 times
10 Fri May 2024 21.42 21.02 22.99 21.00 0.804 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

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
20 Mon May 2024 21.97 22.70 22.99 21.00 0.271 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 18, 10, 29 Buy
MACD -0, -0Buy
Stochastics 50None
CCI 116Sell
RSI 48Sell
OBV 7094Sell
VWAP 22Buy
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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 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 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 BUY signal for Mel in short term but the buy signal is initial and weak.

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. Bulls 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 SELL signal for Mel in short term but SELL 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 21.92 and Mel (Mel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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

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