(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 2024-02-23 View latest technical analysis
10 day averaged volume of Mel is 7835
Date | Daily Closing Price | Open | High | Low | Volume |
23 Fri Feb 2024 | 24.60 | 25.80 | 25.80 | 24.26 | 0.849 times |
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 | 0.921 times |
20 Tue Feb 2024 | 24.67 | 25.98 | 25.98 | 24.17 | 0.866 times |
19 Mon Feb 2024 | 24.19 | 24.30 | 26.40 | 23.52 | 0.624 times |
16 Fri Feb 2024 | 24.30 | 24.90 | 26.67 | 24.20 | 3.736 times |
15 Thu Feb 2024 | 24.25 | 23.01 | 24.80 | 23.01 | 0.878 times |
14 Wed Feb 2024 | 23.70 | 23.98 | 23.98 | 22.07 | 0.322 times |
13 Tue Feb 2024 | 23.20 | 24.45 | 24.45 | 21.81 | 1.375 times |
12 Mon Feb 2024 | 24.23 | 23.96 | 24.68 | 23.96 | 0.332 times |
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 | 23.28 |
Downside Intraday Target | 21.96 |
Upside Intraday Target | 26.16 |
Upside Intraday Target | 27.72 |
Upside Intraday Target | 24.84 |
Weekly technical analysis of Mel (Mel)
Date | Weekly Closing Price | Open | High | Low | Volume |
23 Fri Feb 2024 | 24.60 | 24.30 | 26.40 | 23.52 | 0.535 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 |
23 Fri Feb 2024 | 24.60 | 25.70 | 26.67 | 21.81 | 0.269 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mel ( (Mel) ) based on a short to mid 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 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.
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 tired and bears are picking up momentum.
Ichimoku cloud is of green color 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
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 24.24 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mel ( (Mel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mel ( (Mel) ) based on a short to mid 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 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.
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 tired and bears are picking up momentum.
Ichimoku cloud is of green color 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
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 24.24 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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