(MLCO) Melco Resorts complete technical analysis [charts+indicators] | Buy/Sell Melco Resorts | (MLCO) share price targets
Complete technical analysis of Melco Resorts (MLCO) by charts plus indicators, forecast predictions and share price targets for Melco Resorts (MLCO)
Melco Resorts trades in USA in Consumer Services sector.
10 day averaged volume of Melco Resorts is 3961140
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Mon Nov 2024 | 6.07 | 5.95 | 6.23 | 5.91 | 0.785 times |
| 22 Fri Nov 2024 | 5.95 | 6.00 | 6.11 | 5.93 | 0.789 times |
| 21 Thu Nov 2024 | 6.06 | 6.00 | 6.07 | 5.91 | 0.508 times |
| 20 Wed Nov 2024 | 6.05 | 6.02 | 6.17 | 6.00 | 1.031 times |
| 19 Tue Nov 2024 | 5.98 | 5.93 | 6.05 | 5.91 | 0.971 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6.1, but if it comes above 6.1, then a intra day buy could be more profitable.
If you take a sell trade below 6.1, then use 6.1 as stoploss and 5.6 as target. However if you take a buy trade in stock , then use 6.1 as stoploss and 6.44 as target.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 4.78 |
| Downside Target | 5.02 |
| Downside Target | 5.67 |
| Downside Target | 5.91 |
| Downside Target | 6.04 |
| Upside Target | 6.17 |
| Upside Target | 6.40 |
| Upside Target | 6.56 |
| Upside Target | 6.89 |
| Upside Target | 7.15 |
| Upside Target | 7.29 |
| Upside Target | 7.53 |
| Upside Target | 8.01 |
| Upside Target | 8.90 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 5.91 |
| Downside Intraday Target | 5.75 |
| Upside Intraday Target | 6.23 |
| Upside Intraday Target | 6.39 |
| Downside Intraday Target | 6.07 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Mon Nov 2024 | 6.07 | 5.95 | 6.23 | 5.91 | 0.146 times |
| 22 Fri Nov 2024 | 5.95 | 6.11 | 6.17 | 5.91 | 1.226 times |
| 15 Fri Nov 2024 | 6.12 | 6.83 | 6.89 | 6.04 | 0.835 times |
| 08 Fri Nov 2024 | 6.83 | 6.69 | 7.29 | 6.40 | 2.134 times |
| 01 Fri Nov 2024 | 6.72 | 6.79 | 7.15 | 6.56 | 0.98 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 Melco Resorts (MLCO)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 25 Mon Nov 2024 | 6.07 | 6.87 | 7.29 | 5.91 | 1.017 times |
| 31 Thu Oct 2024 | 6.72 | 7.84 | 8.90 | 6.56 | 0.796 times |
| 30 Mon Sep 2024 | 7.79 | 5.07 | 8.01 | 5.02 | 0.719 times |
| 30 Fri Aug 2024 | 5.07 | 5.71 | 5.73 | 4.78 | 2.363 times |
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 Melco Resorts (MLCO)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 24, 36, 20 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 13 | Sell |
| CCI | -28 | Buy |
| RSI | 49 | Sell |
| OBV | -12042300 | Sell |
| VWAP | 6 | Sell |
| ADL | 0 | Sell |
| ROC | -10 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Melco Resorts ( (MLCO) ) 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 Melco Resorts ( (MLCO) ) 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 Melco Resorts ( (MLCO) ) 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 Melco Resorts ( (MLCO) ) 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 Melco Resorts stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Melco Resorts in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Melco Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Melco Resorts in short term but BUY signal is weak.
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 Melco Resorts is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 6.08 and Melco Resorts (MLCO) 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 Melco Resorts (MLCO) stock. Volume based technical analysis of Melco Resorts (MLCO) stock is negative.
Melco Resorts 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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