(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 2024-03-22 View latest technical analysis
10 day averaged volume of Mel is 15332
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Fri Mar 2024 | 21.56 | 21.70 | 22.89 | 20.41 | 0.319 times |
| 21 Thu Mar 2024 | 21.69 | 20.88 | 22.00 | 20.01 | 0.389 times |
| 20 Wed Mar 2024 | 20.72 | 20.02 | 21.17 | 20.02 | 0.017 times |
| 19 Tue Mar 2024 | 20.31 | 21.70 | 21.70 | 20.01 | 0.622 times |
| 18 Mon Mar 2024 | 20.19 | 20.11 | 21.40 | 20.11 | 0.618 times |
| 15 Fri Mar 2024 | 21.26 | 20.26 | 22.25 | 18.24 | 4.432 times |
| 14 Thu Mar 2024 | 20.26 | 20.00 | 21.59 | 19.00 | 1.648 times |
| 13 Wed Mar 2024 | 21.11 | 21.83 | 23.75 | 20.57 | 0.619 times |
| 12 Tue Mar 2024 | 22.85 | 23.57 | 24.90 | 22.76 | 0.142 times |
| 11 Mon Mar 2024 | 23.61 | 23.99 | 24.50 | 22.70 | 0.664 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 21.1 as stoploss in an intra day buy trade for a target of 22.83. However, stock will show a bearish move below 21.1.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 19.00 |
| Downside Target | 20.01 |
| Downside Target | 21.11 |
| Upside Target | 21.81 |
| Upside Target | 22.89 |
| Upside Target | 24.90 |
| 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 | 20.08 |
| Downside Intraday Target | 18.61 |
| Upside Intraday Target | 22.96 |
| Upside Intraday Target | 24.37 |
| Downside Intraday Target | 21.49 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Fri Mar 2024 | 21.56 | 20.11 | 22.89 | 20.01 | 0.262 times |
| 15 Fri Mar 2024 | 21.26 | 23.99 | 24.90 | 18.24 | 3.999 times |
| 07 Thu Mar 2024 | 23.53 | 24.51 | 25.97 | 23.21 | 1.341 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 |
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 Fri Mar 2024 | 21.56 | 24.01 | 25.97 | 18.24 | 1.125 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mel in short term and the sell 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. 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 buy signal for Mel in short term and BUY 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
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 21.16 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 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mel in short term and the sell 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. 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 buy signal for Mel in short term and BUY 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
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 21.16 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 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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