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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 2024-10-09 View latest technical analysis

10 day averaged volume of Methode Electronics is 423890

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	10.47	10.54	10.66	10.43	0.947 times
08 Tue Oct 2024	10.54	10.39	10.56	10.15	1.953 times
07 Mon Oct 2024	10.49	11.04	11.04	10.41	0.961 times
04 Fri Oct 2024	11.08	11.22	11.22	10.98	0.545 times
03 Thu Oct 2024	10.88	11.20	11.34	10.81	0.844 times
02 Wed Oct 2024	11.40	11.38	11.56	11.25	0.579 times
01 Tue Oct 2024	11.41	11.92	11.92	11.36	0.638 times
30 Mon Sep 2024	11.96	11.61	12.05	11.41	1.325 times
27 Fri Sep 2024	11.97	12.44	12.47	11.94	0.78 times
26 Thu Sep 2024	12.25	11.65	12.28	11.58	0.948 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.5, but if it comes above 10.5, then a intra day buy could be more profitable.
If you take a sell trade below 10.5, then use 10.5 as stoploss and 9.8 as target. However if you take a buy trade in stock , then use 10.5 as stoploss and 11.12 as target.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	8.54
Downside Target	8.97
Downside Target	9.30
Downside Target	9.74
Downside Target	10.15
Downside Target	10.44
Upside Target	11.04
Upside Target	11.92
Upside Target	12.01
Upside Target	12.05
Upside Target	12.47
Upside Target	12.84
Upside Target	14.57

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	10.07
Downside Intraday Target	9.66
Upside Intraday Target	10.96
Upside Intraday Target	11.44
Upside Intraday Target	10.55

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	10.47	11.04	11.04	10.15	0.982 times
04 Fri Oct 2024	11.08	11.61	12.05	10.81	0.756 times
27 Fri Sep 2024	11.97	11.72	12.47	11.15	0.756 times
20 Fri Sep 2024	11.67	10.65	12.01	10.44	1.458 times
13 Fri Sep 2024	10.57	9.74	10.60	9.30	1.181 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
09 Wed Oct 2024	10.47	11.92	11.92	10.15	0.292 times
30 Mon Sep 2024	11.96	10.26	12.47	9.30	1.302 times
30 Fri Aug 2024	10.42	12.67	12.84	9.74	0.433 times
31 Wed Jul 2024	12.66	10.41	14.57	8.97	0.724 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 Weak and stock is losing 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 buy signal for Methode Electronics in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 11.18 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.