(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 2024-02-22 View latest technical analysis
10 day averaged volume of Mel is 7844
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu Feb 2024 | 24.99 | 25.49 | 25.49 | 24.52 | 0.291 times |
| 21 Wed Feb 2024 | 24.81 | 25.16 | 25.39 | 24.06 | 0.92 times |
| 20 Tue Feb 2024 | 24.67 | 25.98 | 25.98 | 24.17 | 0.865 times |
| 19 Mon Feb 2024 | 24.19 | 24.30 | 26.40 | 23.52 | 0.623 times |
| 16 Fri Feb 2024 | 24.30 | 24.90 | 26.67 | 24.20 | 3.732 times |
| 15 Thu Feb 2024 | 24.25 | 23.01 | 24.80 | 23.01 | 0.877 times |
| 14 Wed Feb 2024 | 23.70 | 23.98 | 23.98 | 22.07 | 0.321 times |
| 13 Tue Feb 2024 | 23.20 | 24.45 | 24.45 | 21.81 | 1.374 times |
| 12 Mon Feb 2024 | 24.23 | 23.96 | 24.68 | 23.96 | 0.332 times |
| 09 Fri Feb 2024 | 24.32 | 24.89 | 24.89 | 24.00 | 0.653 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 25.3 as stoploss in an intra day sell trade for a target of 24.64. However, stock will show a bullish move above 25.3.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 17.90 |
| Downside Target | 19.00 |
| Downside Target | 21.11 |
| Downside Target | 21.81 |
| Downside Target | 23.40 |
| Upside Target | 25.79 |
| Upside Target | 26.24 |
| Upside Target | 26.40 |
| Upside Target | 26.67 |
| Upside Target | 27.20 |
| Upside Target | 30.04 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 23.54 |
| Downside Intraday Target | 22.09 |
| Upside Intraday Target | 26.42 |
| Upside Intraday Target | 27.85 |
| Downside Intraday Target | 24.97 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu Feb 2024 | 24.99 | 24.30 | 26.40 | 23.52 | 0.407 times |
| 16 Fri Feb 2024 | 24.30 | 23.96 | 26.67 | 21.81 | 1.124 times |
| 09 Fri Feb 2024 | 24.32 | 25.59 | 25.79 | 23.50 | 0.96 times |
| 02 Fri Feb 2024 | 25.01 | 25.90 | 26.24 | 24.22 | 1.728 times |
| 25 Thu Jan 2024 | 25.37 | 26.99 | 27.20 | 23.85 | 0.3 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 |
| 22 Thu Feb 2024 | 24.99 | 25.70 | 26.67 | 21.81 | 0.256 times |
| 31 Wed Jan 2024 | 25.77 | 24.26 | 30.04 | 21.11 | 1.589 times |
| 29 Fri Dec 2023 | 22.52 | 23.39 | 23.40 | 19.00 | 2.632 times |
| 30 Thu Nov 2023 | 22.37 | 19.50 | 23.70 | 18.00 | 0.5 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 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 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 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 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 BUY. Signal strength is Weak 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 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 green color and prices are above the green 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 SELL signal in short term and selling is picking up 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 24.22 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 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 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 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 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 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 BUY. Signal strength is Weak 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 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 green color and prices are above the green 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 SELL signal in short term and selling is picking up 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 24.22 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 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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