(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 2024-04-04 View latest technical analysis
10 day averaged volume of Mel is 7158
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Thu Apr 2024 | 21.16 | 21.90 | 21.90 | 20.51 | 0.9 times |
| 03 Wed Apr 2024 | 21.00 | 21.25 | 21.90 | 20.17 | 1.877 times |
| 02 Tue Apr 2024 | 20.97 | 20.25 | 21.22 | 20.25 | 0.225 times |
| 01 Mon Apr 2024 | 20.19 | 19.00 | 20.49 | 19.00 | 0.32 times |
| 28 Thu Mar 2024 | 19.20 | 19.82 | 20.49 | 19.05 | 1.437 times |
| 27 Wed Mar 2024 | 20.44 | 22.10 | 22.10 | 20.01 | 0.685 times |
| 26 Tue Mar 2024 | 20.45 | 23.30 | 23.30 | 19.80 | 2.57 times |
| 22 Fri Mar 2024 | 21.56 | 21.70 | 22.89 | 20.41 | 0.683 times |
| 21 Thu Mar 2024 | 21.69 | 20.88 | 22.00 | 20.01 | 0.834 times |
| 20 Wed Mar 2024 | 20.72 | 20.02 | 21.17 | 20.02 | 0.035 times |
My analysis of stock is bearish for shortterm, and stock might move down till 20.1 or till 18.4. Use a stoploss of 21.41 and if the stock hits stoploss, then it can shoot up till 22.77
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.24 |
| Downside Target | 19.00 |
| Downside Target | 20.01 |
| Downside Target | 21.11 |
| Upside Target | 21.81 |
| Upside Target | 22.89 |
| Upside Target | 23.30 |
| Upside Target | 23.40 |
| Upside Target | 24.90 |
| Upside Target | 25.97 |
| Upside Target | 26.67 |
| Upside Target | 30.04 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 19.47 |
| Downside Intraday Target | 17.79 |
| Upside Intraday Target | 22.37 |
| Upside Intraday Target | 23.59 |
| Downside Intraday Target | 20.69 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Thu Apr 2024 | 21.16 | 19.00 | 21.90 | 19.00 | 0.708 times |
| 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 |
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 |
| 04 Thu Apr 2024 | 21.16 | 19.00 | 21.90 | 19.00 | 0.111 times |
| 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 |
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 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 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 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 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 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 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 in or above the red cloud Prices appear to be moving up
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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 20.63 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 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 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 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 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 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 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 in or above the red cloud Prices appear to be moving up
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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 20.63 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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