(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 2024-04-09 View latest technical analysis
10 day averaged volume of Melco Resorts is 2209160
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Apr 2024 | 7.33 | 7.31 | 7.34 | 7.20 | 0.931 times |
| 08 Mon Apr 2024 | 7.09 | 7.06 | 7.15 | 6.96 | 0.921 times |
| 05 Fri Apr 2024 | 7.09 | 7.23 | 7.30 | 7.06 | 0.909 times |
| 04 Thu Apr 2024 | 7.22 | 7.62 | 7.68 | 7.22 | 0.599 times |
| 03 Wed Apr 2024 | 7.56 | 7.21 | 7.59 | 7.21 | 1.217 times |
| 02 Tue Apr 2024 | 7.34 | 7.35 | 7.45 | 7.23 | 0.856 times |
| 01 Mon Apr 2024 | 7.44 | 7.30 | 7.61 | 7.28 | 2.641 times |
| 28 Thu Mar 2024 | 7.21 | 7.30 | 7.36 | 7.17 | 0.778 times |
| 27 Wed Mar 2024 | 7.18 | 7.04 | 7.18 | 7.02 | 0.514 times |
| 26 Tue Mar 2024 | 7.09 | 6.91 | 7.11 | 6.84 | 0.95 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 7.4 as stoploss in an intra day sell trade for a target of 7.21. However, stock will show a bullish move above 7.4.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.62 |
| Downside Target | 6.82 |
| Upside Target | 7.34 |
| Upside Target | 7.36 |
| Upside Target | 7.66 |
| Upside Target | 7.68 |
| 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 | 7.08 |
| Downside Intraday Target | 6.83 |
| Upside Intraday Target | 7.46 |
| Upside Intraday Target | 7.59 |
| Downside Intraday Target | 7.21 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Apr 2024 | 7.33 | 7.06 | 7.34 | 6.96 | 0.298 times |
| 05 Fri Apr 2024 | 7.09 | 7.30 | 7.68 | 7.06 | 2.179 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 |
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 |
| 09 Tue Apr 2024 | 7.33 | 7.30 | 7.68 | 6.96 | 0.314 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 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 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 Melco Resorts ( (MLCO) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
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 7.3 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 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 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 Melco Resorts ( (MLCO) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
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 7.3 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.