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(MLCO) Melco Resorts complete technical analysis [charts+indicators] | Buy/Sell Melco Resorts | (MLCO) share price targets

Complete technical analysis of Melco Resorts (MLCO) by charts plus indicators, forecast predictions and share price targets for Melco Resorts (MLCO)

Melco Resorts trades in USA in Consumer Services sector.

10 day averaged volume of Melco Resorts is 2424480

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 7.18 7.04 7.18 7.02 0.468 times
26 Tue Mar 2024 7.09 6.91 7.11 6.84 0.865 times
25 Mon Mar 2024 6.84 6.85 7.01 6.82 0.56 times
22 Fri Mar 2024 6.90 6.95 7.06 6.89 0.556 times
21 Thu Mar 2024 6.98 7.17 7.18 6.92 1.101 times
20 Wed Mar 2024 7.10 7.02 7.12 6.98 1.222 times
19 Tue Mar 2024 7.14 7.08 7.16 6.94 0.955 times
18 Mon Mar 2024 7.11 7.30 7.30 7.10 0.779 times
15 Fri Mar 2024 7.20 7.32 7.40 7.19 0.805 times
14 Thu Mar 2024 7.30 7.52 7.52 7.16 2.446 times

My analysis of stock is bearish for shortterm, and stock might move down till 7 or till 6.8. Use a stoploss of 7.24 and if the stock hits stoploss, then it can shoot up till 7.46

Share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Target 6.62
Downside Target 6.80
Downside Target 7.03
Upside Target 7.61
Upside Target 7.66
Upside Target 8.65
Upside Target 9.07
Upside Target 9.25
Upside Target 9.39
Upside Target 9.56

Intraday share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Intraday Target 6.94
Downside Intraday Target 6.7
Upside Intraday Target 7.3
Upside Intraday Target 7.42
Downside Intraday Target 7.06

Weekly technical analysis of Melco Resorts (MLCO)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 7.18 6.85 7.18 6.82 0.41 times
22 Fri Mar 2024 6.90 7.30 7.30 6.89 0.723 times
15 Fri Mar 2024 7.20 7.42 7.66 7.16 1.14 times
08 Fri Mar 2024 7.30 7.20 7.61 7.03 0.411 times
01 Fri Mar 2024 7.12 8.60 8.65 6.62 2.791 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 Melco Resorts (MLCO)

Date Monthly Closing Price Open High Low Volume
27 Wed Mar 2024 7.18 7.50 7.66 6.62 0.888 times
29 Thu Feb 2024 7.73 8.05 9.39 7.21 0.873 times
31 Wed Jan 2024 7.81 8.83 9.56 7.25 0.967 times
29 Fri Dec 2023 8.87 6.94 9.25 6.87 1.036 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 Melco Resorts (MLCO)

Price action analysis of Melco Resorts ( (MLCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Melco Resorts ( (MLCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Melco Resorts ( (MLCO) ) 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 Melco Resorts ( (MLCO) ) 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 Melco Resorts stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Melco Resorts 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.

Melco Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Melco Resorts in short term and BUY signal is strong.

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 Melco Resorts is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.13 and Melco Resorts (MLCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Melco Resorts (MLCO) stock. Volume based technical analysis of Melco Resorts (MLCO) stock is negative.

Melco Resorts 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.

Price action analysis of Melco Resorts ( (MLCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Melco Resorts ( (MLCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Melco Resorts ( (MLCO) ) 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 Melco Resorts ( (MLCO) ) 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 Melco Resorts stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Melco Resorts 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.

Melco Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Melco Resorts in short term and BUY signal is strong.

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 Melco Resorts is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.13 and Melco Resorts (MLCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Melco Resorts (MLCO) stock. Volume based technical analysis of Melco Resorts (MLCO) stock is negative.

Melco Resorts 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.

Daily charts

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Daily chart
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