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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 2024-04-12 View latest technical analysis

10 day averaged volume of Methode Electronics is 605880

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	12.52	12.46	12.64	12.29	0.853 times
11 Thu Apr 2024	12.57	12.28	12.73	12.20	0.732 times
10 Wed Apr 2024	12.23	12.22	12.43	11.90	1.385 times
09 Tue Apr 2024	12.61	12.38	12.71	12.17	0.955 times
08 Mon Apr 2024	12.58	12.13	12.75	12.06	0.855 times
05 Fri Apr 2024	12.04	11.81	12.16	11.81	0.971 times
04 Thu Apr 2024	11.83	11.96	12.18	11.78	1.152 times
03 Wed Apr 2024	11.84	11.56	11.87	11.56	0.642 times
02 Tue Apr 2024	11.66	11.91	12.10	11.50	1.117 times
01 Mon Apr 2024	12.11	12.15	12.32	12.04	1.245 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.4, but if it comes below 12.4, then a intra day sell could be more profitable.
If you take a sell trade below 12.4, then use 12.4 as stoploss and 12.06 as target. However if you take a buy trade in stock , then use 12.4 as stoploss and 12.9 as target.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	11.21
Downside Target	11.50
Downside Target	11.90
Downside Target	12.19
Upside Target	12.73
Upside Target	14.67
Upside Target	19.91
Upside Target	20.09
Upside Target	20.46
Upside Target	21.77
Upside Target	22.20
Upside Target	22.74
Upside Target	25.34

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	12.03
Downside Intraday Target	11.54
Upside Intraday Target	12.88
Upside Intraday Target	13.24
Downside Intraday Target	12.39

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	12.52	12.13	12.75	11.90	0.932 times
05 Fri Apr 2024	12.04	12.15	12.32	11.50	1.115 times
28 Thu Mar 2024	12.18	12.09	12.19	11.21	0.3 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

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
12 Fri Apr 2024	12.52	12.15	12.75	11.50	0.295 times
28 Thu Mar 2024	12.18	21.35	21.77	11.21	4.101 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

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 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 SELL. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.

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 SELL signal for Methode Electronics in short term but SELL signal is weak.

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 12.18 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 negative.

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