(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 2024-11-05 View latest technical analysis
10 day averaged volume of Mel is 15823
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 28.53 | 29.02 | 29.02 | 26.75 | 0.34 times |
| 04 Mon Nov 2024 | 28.11 | 29.27 | 29.27 | 27.51 | 0.338 times |
| 01 Fri Nov 2024 | 28.54 | 28.20 | 28.90 | 28.00 | 0.148 times |
| 31 Thu Oct 2024 | 27.99 | 27.71 | 28.44 | 26.18 | 0.376 times |
| 30 Wed Oct 2024 | 27.17 | 24.59 | 27.17 | 24.59 | 1.029 times |
| 29 Tue Oct 2024 | 25.88 | 26.09 | 27.39 | 25.26 | 0.312 times |
| 28 Mon Oct 2024 | 26.09 | 25.63 | 26.23 | 25.00 | 0.206 times |
| 25 Fri Oct 2024 | 25.00 | 23.44 | 25.88 | 23.44 | 0.715 times |
| 24 Thu Oct 2024 | 24.67 | 26.99 | 26.99 | 24.65 | 0.386 times |
| 23 Wed Oct 2024 | 25.88 | 26.51 | 26.51 | 24.70 | 2.877 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.4, but if it comes below 28.4, then a intra day sell could be more profitable.
If you take a sell trade below 28.4, then use 28.4 as stoploss and 27.17 as target. However if you take a buy trade in stock , then use 28.4 as stoploss and 29.9 as target.
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.81 |
| Downside Target | 20.30 |
| Downside Target | 23.44 |
| Downside Target | 24.59 |
| Downside Target | 25.68 |
| Downside Target | 27.93 |
| Upside Target | 29.00 |
| Upside Target | 29.27 |
| 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 | 27.1 |
| Downside Intraday Target | 25.66 |
| Upside Intraday Target | 29.62 |
| Upside Intraday Target | 30.7 |
| Downside Intraday Target | 28.18 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 28.53 | 29.27 | 29.27 | 26.75 | 0.327 times |
| 01 Fri Nov 2024 | 28.54 | 25.63 | 28.90 | 24.59 | 0.259 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 |
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 Nov 2024 | 28.53 | 28.20 | 29.27 | 26.75 | 0.054 times |
| 31 Thu Oct 2024 | 27.99 | 30.89 | 30.89 | 23.44 | 0.495 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 |
Scroll below to view daily charts
Price has moved up 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mel in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 26.34 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mel in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Mel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 26.34 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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