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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 2024-06-12 View latest technical analysis

10 day averaged volume of Methode Electronics is 619140

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	10.60	10.68	10.89	10.51	1.066 times
11 Tue Jun 2024	10.41	10.29	10.43	10.02	1.281 times
10 Mon Jun 2024	10.39	10.83	10.93	8.54	4.296 times
07 Fri Jun 2024	11.32	10.68	11.33	10.57	0.678 times
06 Thu Jun 2024	10.82	11.08	11.10	10.74	0.43 times
05 Wed Jun 2024	11.10	10.69	11.12	10.52	0.46 times
04 Tue Jun 2024	10.66	10.94	11.03	10.54	0.596 times
03 Mon Jun 2024	11.00	11.91	11.93	10.95	0.702 times
31 Fri May 2024	11.78	11.85	12.18	11.72	0.901 times
30 Thu May 2024	11.84	11.79	11.99	11.79	0.322 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.9, but if it comes above 10.9, then a intra day buy could be more profitable.
If you take a sell trade below 10.9, then use 10.9 as stoploss and 10.1 as target. However if you take a buy trade in stock , then use 10.9 as stoploss and 11.53 as target.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	8.54
Downside Target	10.52
Upside Target	10.83
Upside Target	11.55
Upside Target	11.93
Upside Target	12.37
Upside Target	12.45
Upside Target	12.53
Upside Target	12.66
Upside Target	12.75
Upside Target	19.91
Upside Target	21.77
Upside Target	22.20

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	9.12
Downside Intraday Target	7.63
Upside Intraday Target	11.51
Upside Intraday Target	12.41
Downside Intraday Target	10.02

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	10.60	10.83	10.93	8.54	2.318 times
07 Fri Jun 2024	11.32	11.91	11.93	10.52	1.209 times
31 Fri May 2024	11.78	11.93	12.37	11.69	0.935 times
24 Fri May 2024	11.75	12.34	12.45	11.55	0.888 times
17 Fri May 2024	12.35	11.03	12.53	11.00	0.75 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Methode Electronics (MEI)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	10.60	11.91	11.93	8.54	0.743 times
31 Fri May 2024	11.78	12.20	12.66	10.83	0.709 times
30 Tue Apr 2024	12.19	12.15	12.75	11.09	0.549 times
28 Thu Mar 2024	12.18	21.35	21.77	11.21	4.101 times

Scroll below to view daily charts

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 Methode Electronics (MEI)

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 losing momentum.

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

Methode Electronics Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Methode Electronics 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 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 10.73 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.