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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 2024-03-25 View latest technical analysis

10 day averaged volume of Methode Electronics is 1324280

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Mar 2024	11.45	12.09	12.12	11.32	0.631 times
22 Fri Mar 2024	12.04	12.06	12.30	11.88	0.478 times
21 Thu Mar 2024	12.07	12.31	12.65	11.93	0.849 times
20 Wed Mar 2024	12.23	12.21	12.28	11.66	1.567 times
19 Tue Mar 2024	12.00	11.56	12.49	11.40	2.152 times
18 Mon Mar 2024	11.63	12.51	12.73	11.26	1.954 times
15 Fri Mar 2024	12.52	12.44	12.65	12.23	0.949 times
14 Thu Mar 2024	12.52	13.02	13.26	12.45	0.557 times
13 Wed Mar 2024	13.16	13.22	13.48	12.87	0.423 times
12 Tue Mar 2024	13.26	13.59	13.67	13.12	0.543 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.6, but if it comes above 11.6, then a intra day buy could be more profitable.
If you take a sell trade below 11.6, then use 11.6 as stoploss and 6.7 as target. However if you take a buy trade in stock , then use 11.6 as stoploss and 15.65 as target.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	11.26
Upside Target	12.12
Upside Target	12.73
Upside Target	13.09
Upside Target	14.67
Upside Target	19.91
Upside Target	21.02
Upside Target	21.65
Upside Target	21.86
Upside Target	22.20
Upside Target	22.44
Upside Target	22.74
Upside Target	24.72
Upside Target	25.34

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	11.14
Downside Intraday Target	10.83
Upside Intraday Target	11.94
Upside Intraday Target	12.43
Upside Intraday Target	11.63

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Mar 2024	11.45	12.09	12.12	11.32	0.09 times
22 Fri Mar 2024	12.04	12.51	12.73	11.26	2.335 times
15 Fri Mar 2024	12.52	14.07	14.67	12.23	0.962 times
08 Fri Mar 2024	14.12	21.58	21.65	13.09	4.394 times
01 Fri Mar 2024	21.60	21.14	21.86	21.02	0.862 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 Methode Electronics (MEI)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Mon Mar 2024	11.45	21.35	21.77	11.26	3.708 times
29 Thu Feb 2024	21.30	20.86	22.20	19.91	0.862 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 Methode Electronics ( (MEI) ) 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 Methode Electronics ( (MEI) ) 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Methode Electronics in short term and the sell signal is strong.

Methode Electronics 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 Methode Electronics in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 12.13 and Methode Electronics (MEI) 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 Methode Electronics (MEI) stock. Volume based technical analysis of Methode Electronics (MEI) stock is negative.

Methode Electronics 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.