(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 2024-10-29 View latest technical analysis
10 day averaged volume of Mel is 14860
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 25.88 | 26.09 | 27.39 | 25.26 | 0.332 times |
| 28 Mon Oct 2024 | 26.09 | 25.63 | 26.23 | 25.00 | 0.219 times |
| 25 Fri Oct 2024 | 25.00 | 23.44 | 25.88 | 23.44 | 0.761 times |
| 24 Thu Oct 2024 | 24.67 | 26.99 | 26.99 | 24.65 | 0.411 times |
| 23 Wed Oct 2024 | 25.88 | 26.51 | 26.51 | 24.70 | 3.063 times |
| 22 Tue Oct 2024 | 25.99 | 27.00 | 27.30 | 24.72 | 3.847 times |
| 21 Mon Oct 2024 | 26.02 | 27.50 | 28.39 | 25.70 | 0.428 times |
| 18 Fri Oct 2024 | 27.05 | 27.05 | 27.05 | 26.51 | 0.204 times |
| 17 Thu Oct 2024 | 27.05 | 27.60 | 28.15 | 27.05 | 0.265 times |
| 16 Wed Oct 2024 | 27.60 | 27.60 | 27.65 | 27.11 | 0.402 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 25.9, but if it comes above 25.9, then a intra day buy could be more profitable.
If you take a sell trade below 25.9, then use 25.9 as stoploss and 24 as target. However if you take a buy trade in stock , then use 25.9 as stoploss and 27.45 as target.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.81 |
| Downside Target | 20.30 |
| Downside Target | 23.10 |
| Downside Target | 25.00 |
| Downside Target | 25.68 |
| Upside Target | 27.39 |
| Upside Target | 29.00 |
| Upside Target | 29.50 |
| Upside Target | 30.89 |
| Upside Target | 36.82 |
| Upside Target | 39.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 24.79 |
| Downside Intraday Target | 23.7 |
| Upside Intraday Target | 27.18 |
| Upside Intraday Target | 28.48 |
| Upside Intraday Target | 26.09 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 25.88 | 25.63 | 27.39 | 25.00 | 0.065 times |
| 25 Fri Oct 2024 | 25.00 | 27.50 | 28.39 | 23.44 | 3.953 times |
| 18 Fri Oct 2024 | 27.05 | 28.76 | 29.00 | 26.51 | 1.67 times |
| 11 Fri Oct 2024 | 28.76 | 28.92 | 29.00 | 27.93 | 0.365 times |
| 03 Thu Oct 2024 | 29.50 | 29.71 | 30.89 | 29.50 | 0.602 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 |
| 29 Tue Oct 2024 | 25.88 | 30.89 | 30.89 | 23.44 | 0.45 times |
| 30 Mon Sep 2024 | 30.30 | 35.40 | 36.82 | 26.02 | 0.209 times |
| 30 Fri Aug 2024 | 35.16 | 20.30 | 39.97 | 20.30 | 9.2 times |
| 31 Wed Jul 2024 | 20.78 | 20.65 | 25.68 | 18.81 | 1.872 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 neutral. A longer time frame might give a better analysis.
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 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 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 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 but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 25.94 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 neutral. A longer time frame might give a better analysis.
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 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 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 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 but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 25.94 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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