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(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)

10 day averaged volume of Mel is 15614

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 19.20 19.82 20.49 19.05 0.659 times
27 Wed Mar 2024 20.44 22.10 22.10 20.01 0.314 times
26 Tue Mar 2024 20.45 23.30 23.30 19.80 1.178 times
22 Fri Mar 2024 21.56 21.70 22.89 20.41 0.313 times
21 Thu Mar 2024 21.69 20.88 22.00 20.01 0.382 times
20 Wed Mar 2024 20.72 20.02 21.17 20.02 0.016 times
19 Tue Mar 2024 20.31 21.70 21.70 20.01 0.611 times
18 Mon Mar 2024 20.19 20.11 21.40 20.11 0.607 times
15 Fri Mar 2024 21.26 20.26 22.25 18.24 4.352 times
14 Thu Mar 2024 20.26 20.00 21.59 19.00 1.618 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.4, but if it comes above 20.4, then a intra day buy could be more profitable.
If you take a sell trade below 20.4, then use 20.4 as stoploss and 18.3 as target. However if you take a buy trade in stock , then use 20.4 as stoploss and 22.12 as target.

Share price targets for Mel (Mel)

Target Type Value
Downside Target 18.00
Downside Target 19.00
Upside Target 20.01
Upside Target 21.11
Upside Target 21.81
Upside Target 22.89
Upside Target 23.70
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 17.73
Downside Intraday Target 16.27
Upside Intraday Target 21.98
Upside Intraday Target 24.77
Upside Intraday Target 20.52

Weekly technical analysis of Mel (Mel)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 19.20 23.30 23.30 19.05 1.115 times
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

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
28 Thu Mar 2024 19.20 24.01 25.97 18.24 1.335 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 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 short 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Mel in short term and the sell signal is strong.

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 getting stronger in this stock.

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 and selling is picking up 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 20.75 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 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 short 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Mel in short term and the sell signal is strong.

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 getting stronger in this stock.

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 and selling is picking up 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 20.75 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.

Click here for Mel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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