(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.
Showing technical analysis as on 2024-04-03 View latest technical analysis
10 day averaged volume of Melco Resorts is 2333130
Date | Daily Closing Price | Open | High | Low | Volume |
03 Wed Apr 2024 | 7.56 | 7.21 | 7.59 | 7.21 | 1.153 times |
02 Tue Apr 2024 | 7.34 | 7.35 | 7.45 | 7.23 | 0.811 times |
01 Mon Apr 2024 | 7.44 | 7.30 | 7.61 | 7.28 | 2.501 times |
28 Thu Mar 2024 | 7.21 | 7.30 | 7.36 | 7.17 | 0.737 times |
27 Wed Mar 2024 | 7.18 | 7.04 | 7.18 | 7.02 | 0.487 times |
26 Tue Mar 2024 | 7.09 | 6.91 | 7.11 | 6.84 | 0.899 times |
25 Mon Mar 2024 | 6.84 | 6.85 | 7.01 | 6.82 | 0.581 times |
22 Fri Mar 2024 | 6.90 | 6.95 | 7.06 | 6.89 | 0.578 times |
21 Thu Mar 2024 | 6.98 | 7.17 | 7.18 | 6.92 | 1.144 times |
20 Wed Mar 2024 | 7.10 | 7.02 | 7.12 | 6.98 | 1.27 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.5, but if it comes below 7.5, then a intra day sell could be more profitable.
If you take a sell trade below 7.5, then use 7.5 as stoploss and 7.25 as target. However if you take a buy trade in stock , then use 7.5 as stoploss and 7.7 as target.
Share price targets for Melco Resorts (MLCO)
Target Type | Value |
Downside Target | 6.62 |
Downside Target | 6.82 |
Downside Target | 7.03 |
Upside Target | 7.61 |
Upside Target | 7.66 |
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 | 7.31 |
Downside Intraday Target | 7.06 |
Upside Intraday Target | 7.71 |
Upside Intraday Target | 7.86 |
Downside Intraday Target | 7.46 |
Weekly technical analysis of Melco Resorts (MLCO)
Date | Weekly Closing Price | Open | High | Low | Volume |
03 Wed Apr 2024 | 7.56 | 7.30 | 7.61 | 7.21 | 1.651 times |
28 Thu Mar 2024 | 7.21 | 6.85 | 7.36 | 6.82 | 0.564 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Melco Resorts (MLCO)
Date | Monthly Closing Price | Open | High | Low | Volume |
03 Wed Apr 2024 | 7.56 | 7.30 | 7.61 | 7.21 | 0.184 times |
28 Thu Mar 2024 | 7.21 | 7.50 | 7.66 | 6.62 | 0.915 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 |
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 Melco Resorts (MLCO)
Price action analysis of Melco Resorts ( (MLCO) ) based on a short 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 Melco Resorts ( (MLCO) ) based on a short 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 Melco Resorts ( (MLCO) ) based on a short to mid 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 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 BUY. Signal strength is Strong and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! 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 Melco Resorts in short term and BUY signal is strong.
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 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 7.23 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 rising upwards.
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 is giving positive 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 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 Melco Resorts ( (MLCO) ) based on a short 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 Melco Resorts ( (MLCO) ) based on a short to mid 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 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 BUY. Signal strength is Strong and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! 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 Melco Resorts in short term and BUY signal is strong.
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 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 7.23 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 rising upwards.
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 is giving positive 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.