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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 2024-07-22 View latest technical analysis

10 day averaged volume of Methode Electronics is 1187438

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	13.45	13.48	13.57	12.90	0.41 times
19 Fri Jul 2024	13.43	13.72	13.72	13.30	0.382 times
18 Thu Jul 2024	13.64	13.80	13.99	13.50	0.593 times
17 Wed Jul 2024	13.93	13.66	14.33	13.52	0.774 times
16 Tue Jul 2024	13.89	13.90	14.15	13.59	1.019 times
15 Mon Jul 2024	13.65	13.58	14.15	13.58	0.71 times
12 Fri Jul 2024	13.80	13.80	14.57	13.50	1.516 times
11 Thu Jul 2024	13.76	11.00	13.95	10.93	3.271 times
10 Wed Jul 2024	9.44	9.22	9.45	8.97	0.713 times
09 Tue Jul 2024	9.14	9.85	9.85	9.05	0.551 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.3, but if it comes below 13.3, then a intra day sell could be more profitable.
If you take a sell trade below 13.3, then use 13.3 as stoploss and 11.34 as target. However if you take a buy trade in stock , then use 13.3 as stoploss and 15.6 as target.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	8.54
Downside Target	8.97
Downside Target	9.50
Downside Target	9.76
Downside Target	10.09
Downside Target	10.51
Downside Target	10.83
Downside Target	11.09
Downside Target	11.93
Downside Target	12.66
Downside Target	13.30
Upside Target	13.57
Upside Target	14.33
Upside Target	14.57
Upside Target	21.77

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	13.04
Downside Intraday Target	12.64
Upside Intraday Target	13.71
Upside Intraday Target	13.98
Downside Intraday Target	13.31

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	13.45	13.48	13.57	12.90	0.118 times
19 Fri Jul 2024	13.43	13.58	14.33	13.30	0.533 times
12 Fri Jul 2024	13.80	9.76	14.57	8.97	10.858 times
05 Fri Jul 2024	9.57	10.05	10.09	9.50	0.749 times
03 Wed Jul 2024	9.96	10.41	10.51	9.76	0.208 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
22 Mon Jul 2024	13.45	10.41	14.57	8.97	0.611 times
28 Fri Jun 2024	10.35	11.91	11.93	8.54	2.898 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

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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

ADX buy sell signal for Methode Electronics stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Methode Electronics in short term and the buy signal is strong.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Methode Electronics in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 13.19 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.