(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 2024-03-02 View latest technical analysis
10 day averaged volume of Mel is 4740
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Sat Mar 2024 | 24.33 | 25.29 | 25.42 | 23.60 | 0.397 times |
| 01 Fri Mar 2024 | 24.22 | 24.01 | 25.48 | 24.01 | 0.863 times |
| 29 Thu Feb 2024 | 24.61 | 25.97 | 25.97 | 23.75 | 0.713 times |
| 28 Wed Feb 2024 | 24.48 | 25.49 | 25.49 | 24.10 | 0.547 times |
| 27 Tue Feb 2024 | 24.78 | 25.48 | 25.48 | 24.06 | 0.506 times |
| 26 Mon Feb 2024 | 25.05 | 26.40 | 26.40 | 24.60 | 1.5 times |
| 23 Fri Feb 2024 | 24.60 | 25.80 | 25.80 | 24.26 | 1.404 times |
| 22 Thu Feb 2024 | 24.99 | 25.49 | 25.49 | 24.52 | 0.482 times |
| 21 Wed Feb 2024 | 24.81 | 25.16 | 25.39 | 24.06 | 1.522 times |
| 20 Tue Feb 2024 | 24.67 | 25.98 | 25.98 | 24.17 | 1.432 times |
My analysis of stock is bearish for shortterm, and stock might move down till 24 or till 23.5. Use a stoploss of 24.39 and if the stock hits stoploss, then it can shoot up till 24.8
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 19.00 |
| Downside Target | 21.11 |
| Downside Target | 21.81 |
| Downside Target | 23.40 |
| Downside Target | 24.22 |
| Upside Target | 25.48 |
| Upside Target | 26.24 |
| Upside Target | 26.40 |
| Upside Target | 26.67 |
| Upside Target | 30.04 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 23.15 |
| Downside Intraday Target | 21.98 |
| Upside Intraday Target | 25.95 |
| Upside Intraday Target | 27.58 |
| Upside Intraday Target | 24.78 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Sat Mar 2024 | 24.33 | 26.40 | 26.40 | 23.60 | 0.771 times |
| 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 |
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 |
| 02 Sat Mar 2024 | 24.33 | 24.01 | 25.48 | 23.60 | 0.037 times |
| 29 Thu Feb 2024 | 24.61 | 25.70 | 26.67 | 21.81 | 0.297 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 |
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 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 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 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 losing momentum.
MACD generated a SELL signal for Mel in short term but the sell signal is initial and weak.
Mel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 24.69 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 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 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 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 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 losing momentum.
MACD generated a SELL signal for Mel in short term but the sell signal is initial and weak.
Mel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 24.69 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 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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