(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 2024-03-05 View latest technical analysis
10 day averaged volume of Mel is 4454
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 24.05 | 24.94 | 24.94 | 23.37 | 0.933 times |
| 04 Mon Mar 2024 | 24.34 | 24.51 | 25.97 | 23.25 | 1.557 times |
| 02 Sat Mar 2024 | 24.33 | 25.29 | 25.42 | 23.60 | 0.423 times |
| 01 Fri Mar 2024 | 24.22 | 24.01 | 25.48 | 24.01 | 0.918 times |
| 29 Thu Feb 2024 | 24.61 | 25.97 | 25.97 | 23.75 | 0.758 times |
| 28 Wed Feb 2024 | 24.48 | 25.49 | 25.49 | 24.10 | 0.582 times |
| 27 Tue Feb 2024 | 24.78 | 25.48 | 25.48 | 24.06 | 0.538 times |
| 26 Mon Feb 2024 | 25.05 | 26.40 | 26.40 | 24.60 | 1.597 times |
| 23 Fri Feb 2024 | 24.60 | 25.80 | 25.80 | 24.26 | 1.494 times |
| 22 Thu Feb 2024 | 24.99 | 25.49 | 25.49 | 24.52 | 0.513 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 24 as stoploss in an intra day buy trade for a target of 24.38. However, stock will show a bearish move below 24.
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 | 23.25 |
| Upside Target | 25.79 |
| Upside Target | 25.97 |
| 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 | 22.88 |
| Downside Intraday Target | 21.7 |
| Upside Intraday Target | 25.6 |
| Upside Intraday Target | 27.14 |
| Upside Intraday Target | 24.42 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 24.05 | 24.51 | 25.97 | 23.25 | 0.517 times |
| 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 |
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 |
| 05 Tue Mar 2024 | 24.05 | 24.01 | 25.97 | 23.25 | 0.107 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 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 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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 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 24.55 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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 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 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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 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 24.55 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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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