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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 10488

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	27.66	27.64	27.66	27.63	0.565 times
14 Mon Oct 2024	28.19	28.76	29.00	28.19	1.251 times
11 Fri Oct 2024	28.76	28.76	29.00	28.76	0.271 times
10 Thu Oct 2024	28.75	28.48	28.75	28.48	0.22 times
09 Wed Oct 2024	28.48	27.93	28.48	27.93	0.279 times
08 Tue Oct 2024	27.93	28.50	28.50	27.93	0.567 times
07 Mon Oct 2024	28.50	28.92	28.92	28.50	0.49 times
03 Thu Oct 2024	29.50	29.70	29.70	29.50	1.905 times
01 Tue Oct 2024	29.70	30.89	30.89	29.70	1.437 times
30 Mon Sep 2024	30.30	29.71	30.30	29.71	1.656 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 28.3, but if it comes above 28.3, then a intra day buy could be more profitable.
If you take a sell trade below 28.3, then use 28.3 as stoploss and 26 as target. However if you take a buy trade in stock , then use 28.3 as stoploss and 30.1 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	25.68
Downside Target	27.63
Upside Target	28.55
Upside Target	30.89
Upside Target	31.56
Upside Target	35.55
Upside Target	36.82
Upside Target	39.97

Intraday share price targets for Mel (Mel)

Target Type	Value
Downside Intraday Target	27.19
Downside Intraday Target	26.73
Upside Intraday Target	28.56
Upside Intraday Target	29.47
Upside Intraday Target	28.1

Weekly technical analysis of Mel (Mel)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	27.66	28.76	29.00	27.63	0.994 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
27 Fri Sep 2024	29.71	31.56	31.56	28.55	2.144 times
20 Fri Sep 2024	31.56	35.55	35.55	31.56	0.208 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
15 Tue Oct 2024	27.66	30.89	30.89	27.63	0.149 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 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 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 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 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 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.14 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.