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(MEI) Methode Electronics complete technical analysis [charts+indicators] | Buy/Sell Methode Electronics | (MEI) share price targets

Complete technical analysis of Methode Electronics (MEI) by charts plus indicators, forecast predictions and share price targets for Methode Electronics (MEI)

Methode Electronics trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-02-16 View latest technical analysis

10 day averaged volume of Methode Electronics is 260410

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	21.93	21.82	22.06	21.77	0.901 times
15 Thu Feb 2024	21.98	21.37	21.99	21.24	1.056 times
14 Wed Feb 2024	21.20	20.82	21.24	20.68	0.834 times
13 Tue Feb 2024	20.43	21.06	21.28	19.91	1.509 times
12 Mon Feb 2024	21.82	21.05	21.87	21.05	1.316 times
09 Fri Feb 2024	21.04	20.95	21.28	20.89	1.674 times
08 Thu Feb 2024	20.94	20.70	21.11	20.62	0.556 times
07 Wed Feb 2024	20.68	21.06	21.06	20.59	0.831 times
06 Tue Feb 2024	21.04	20.68	21.29	20.68	0.667 times
05 Mon Feb 2024	20.78	20.71	20.94	20.33	0.842 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.7, but if it comes below 21.7, then a intra day sell could be more profitable.
If you take a sell trade below 21.7, then use 21.7 as stoploss and 21.24 as target. However if you take a buy trade in stock , then use 21.7 as stoploss and 22.2 as target.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	19.91
Downside Target	21.75
Upside Target	21.94
Upside Target	22.06
Upside Target	22.27
Upside Target	22.44
Upside Target	22.74
Upside Target	24.72
Upside Target	25.34
Upside Target	26.03

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	20.54
Downside Intraday Target	19.15
Upside Intraday Target	22.69
Upside Intraday Target	23.45
Downside Intraday Target	21.3

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	21.93	21.05	22.06	19.91	1.229 times
09 Fri Feb 2024	21.04	20.71	21.29	20.33	0.886 times
02 Fri Feb 2024	21.03	21.23	21.75	20.75	1.279 times
26 Fri Jan 2024	21.28	21.11	21.94	20.97	0.869 times
19 Fri Jan 2024	20.86	20.28	20.87	20.09	6.414 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 Methode Electronics (MEI)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	21.93	20.86	22.06	19.91	0.541 times
31 Wed Jan 2024	20.76	22.50	22.74	20.09	0.625 times
29 Fri Dec 2023	22.73	23.62	25.34	20.46	2.356 times
30 Thu Nov 2023	23.73	22.94	24.72	22.44	0.47 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 Methode Electronics (MEI)

Price action analysis of Methode Electronics ( (MEI) ) 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 Methode Electronics ( (MEI) ) based on a short 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.

Price action analysis of Methode Electronics ( (MEI) ) based on a short to mid 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 Methode Electronics ( (MEI) ) 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 Methode Electronics stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Methode Electronics 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.

Methode Electronics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 coming down

CCI has generated a buy signal for Methode Electronics in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Methode Electronics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.18 and Methode Electronics (MEI) 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 Methode Electronics (MEI) stock. Volume based technical analysis of Methode Electronics (MEI) stock is negative.

Methode Electronics Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.