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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 2024-08-05 View latest technical analysis

10 day averaged volume of Methode Electronics is 421864

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	10.66	10.54	10.73	10.23	0.902 times
02 Fri Aug 2024	11.36	11.37	11.39	11.07	1.191 times
01 Thu Aug 2024	11.89	12.67	12.84	11.78	1.487 times
31 Wed Jul 2024	12.66	12.73	13.09	12.64	1.107 times
30 Tue Jul 2024	12.74	12.43	12.84	12.42	0.964 times
29 Mon Jul 2024	12.34	12.91	12.91	12.21	0.883 times
26 Fri Jul 2024	12.87	13.23	13.23	12.74	0.692 times
25 Thu Jul 2024	12.98	13.03	13.27	12.92	0.856 times
24 Wed Jul 2024	12.98	13.44	13.78	12.92	0.842 times
23 Tue Jul 2024	13.55	13.29	13.60	13.25	0.823 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.2, but if it comes above 11.2, then a intra day buy could be more profitable.
If you take a sell trade below 11.2, then use 11.2 as stoploss and 9.5 as target. However if you take a buy trade in stock , then use 11.2 as stoploss and 12.61 as target.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	8.54
Downside Target	8.97
Downside Target	10.23
Upside Target	10.73
Upside Target	11.07
Upside Target	11.93
Upside Target	12.66
Upside Target	13.09
Upside Target	13.30
Upside Target	13.78
Upside Target	14.33
Upside Target	14.57

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	10.35
Downside Intraday Target	10.04
Upside Intraday Target	10.85
Upside Intraday Target	11.04
Downside Intraday Target	10.54

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	10.66	10.54	10.73	10.23	0.16 times
02 Fri Aug 2024	11.36	12.91	13.09	11.07	1.29 times
26 Fri Jul 2024	12.87	13.48	13.78	12.74	0.446 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

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
05 Mon Aug 2024	10.66	12.67	12.84	10.23	0.091 times
31 Wed Jul 2024	12.66	10.41	14.57	8.97	0.724 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

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 gaining momentum.

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

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 green color and prices are in or below the green 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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.32 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 positive

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