(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 11573
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 28.00 | 27.42 | 28.85 | 27.42 | 0.226 times |
| 18 Mon Nov 2024 | 27.58 | 26.11 | 28.60 | 26.10 | 1.007 times |
| 14 Thu Nov 2024 | 27.43 | 28.00 | 29.40 | 27.38 | 0.649 times |
| 13 Wed Nov 2024 | 28.82 | 30.70 | 30.90 | 28.78 | 0.573 times |
| 12 Tue Nov 2024 | 30.29 | 31.05 | 31.80 | 29.50 | 1.145 times |
My analysis of stock is bearish for shortterm, and stock might move down till 25.9 or till 23.4. Use a stoploss of 28.02 and if the stock hits stoploss, then it can shoot up till 30.11
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 | 26.75 |
| Downside Target | 27.38 |
| Upside Target | 28.39 |
| Upside Target | 30.89 |
| Upside Target | 32.66 |
| Upside Target | 34.00 |
| Upside Target | 36.82 |
| Upside Target | 39.97 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 26.45 |
| Downside Intraday Target | 24.9 |
| Upside Intraday Target | 29.2 |
| Upside Intraday Target | 30.4 |
| Downside Intraday Target | 27.65 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 28.00 | 26.11 | 28.85 | 26.10 | 0.305 times |
| 14 Thu Nov 2024 | 27.43 | 32.70 | 34.00 | 27.38 | 0.78 times |
| 08 Fri Nov 2024 | 32.66 | 29.27 | 32.66 | 26.75 | 1.831 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 |
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 |
| 19 Tue Nov 2024 | 28.00 | 28.20 | 34.00 | 26.10 | 0.508 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 |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 18, 32, 28 | Sell |
| MACD | 0, 0 | Sell |
| Stochastics | 17 | Sell |
| CCI | -69 | Buy |
| RSI | 52 | Buy |
| OBV | -64153 | Sell |
| VWAP | 30 | Sell |
| ADL | 0 | Sell |
| ROC | -0 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mel ( (Mel) ) based on a short 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 short 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 short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 losing momentum.
MACD generated a SELL signal for Mel in short term but the sell signal is initial and weak.
Mel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 30.23 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. 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 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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