538834 NEWS why is Mel price falling or rising

538834 NEWS reasons for why stock price of Mel is falling or rising

538834 Mel is falling or rising technical reasons

Technical analysis forecast for Mel Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mel 538834 at this time. Stock is falling and might fall more.

It appears as if Mel 538834 gave a large move recently.

Stock of Mel (538834) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mel is bearish for shortterm, and stock might move down till 20.8 or till 19.6. Use a stoploss of 21.72 and if the stock hits stoploss, then it can shoot up till 22.69

538834 Mel is falling or rising NEWS fundamental reasons

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More announcements and NEWS

538834 Mel current price & indicator signals

Moving Averages for Mel

  • 5Day Average: 21.54
  • 12Day Average: 21.97
  • 20Day Average: 21.46
  • 50Day Average: 22.69
  • 100Day Average: 22.99
  • 150Day Average: 21.93
  • 200Day Average: 21.04

538834 Indicators & signals

Indicator MACD (12,26,9)

21.62, 21.85, -0.27
Indicator MACD is in negative zone

Indicator ADX (14)

3.57, 16.96, 15.79
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 538834 Mel are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 21.36 21.00 to 21.40 1.52% 0.11 times
22 Mon Apr 2024 21.04 20.90 to 22.49 -0.94% 1.17 times
19 Fri Apr 2024 21.24 20.86 to 22.27 -3.15% 0.08 times
18 Thu Apr 2024 21.93 21.21 to 22.98 -0.99% 0.26 times
16 Tue Apr 2024 22.15 20.76 to 22.45 2.88% 0.18 times
15 Mon Apr 2024 21.53 20.20 to 21.75 -3.45% 1.28 times
12 Fri Apr 2024 22.30 21.60 to 22.49 1.97% 0.17 times
10 Wed Apr 2024 21.87 21.61 to 24.29 -4.91% 1.08 times
09 Tue Apr 2024 23.00 22.90 to 24.44 -1.63% 0.44 times
08 Mon Apr 2024 23.38 22.84 to 24.44 3% 1.96 times
05 Fri Apr 2024 22.70 21.51 to 23.45 7.28% 3.38 times
04 Thu Apr 2024 21.16 20.51 to 21.90 0.76% 0.69 times

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