(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 2024-06-05 View latest technical analysis
10 day averaged volume of Melco Resorts is 3470579
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Wed Jun 2024 | 8.10 | 8.31 | 8.31 | 8.01 | 0.859 times |
| 04 Tue Jun 2024 | 8.24 | 8.02 | 8.27 | 8.01 | 0.966 times |
| 03 Mon Jun 2024 | 8.16 | 8.08 | 8.18 | 7.85 | 1.158 times |
| 31 Fri May 2024 | 7.84 | 8.04 | 8.10 | 7.77 | 1.293 times |
| 30 Thu May 2024 | 8.06 | 8.03 | 8.11 | 7.90 | 0.721 times |
| 29 Wed May 2024 | 8.04 | 8.02 | 8.06 | 7.83 | 0.689 times |
| 28 Tue May 2024 | 7.74 | 8.03 | 8.08 | 7.72 | 0.611 times |
| 23 Thu May 2024 | 8.22 | 8.54 | 8.61 | 8.17 | 0.665 times |
| 22 Wed May 2024 | 8.59 | 8.76 | 8.84 | 8.59 | 0.85 times |
| 21 Tue May 2024 | 8.70 | 8.64 | 8.79 | 8.64 | 1.359 times |
My analysis of stock is bearish for shortterm, and stock might move down till 7.9 or till 7.5. Use a stoploss of 8.19 and if the stock hits stoploss, then it can shoot up till 8.51
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.10 |
| Downside Target | 6.46 |
| Downside Target | 6.62 |
| Downside Target | 7.21 |
| Downside Target | 7.66 |
| Downside Target | 8.01 |
| Upside Target | 8.21 |
| Upside Target | 8.31 |
| Upside Target | 8.80 |
| Upside Target | 8.90 |
| Upside Target | 9.39 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 7.86 |
| Downside Intraday Target | 7.63 |
| Upside Intraday Target | 8.32 |
| Upside Intraday Target | 8.55 |
| Downside Intraday Target | 8.09 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Wed Jun 2024 | 8.10 | 8.08 | 8.31 | 7.85 | 0.9 times |
| 31 Fri May 2024 | 7.84 | 8.03 | 8.11 | 7.72 | 0.726 times |
| 23 Thu May 2024 | 8.22 | 8.62 | 8.90 | 8.17 | 1.064 times |
| 17 Fri May 2024 | 8.58 | 8.02 | 8.80 | 8.01 | 0.507 times |
| 10 Fri May 2024 | 7.85 | 7.50 | 8.21 | 7.30 | 0.847 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 |
| 05 Wed Jun 2024 | 8.10 | 8.08 | 8.31 | 7.85 | 0.114 times |
| 31 Fri May 2024 | 7.84 | 6.58 | 8.90 | 6.46 | 1.198 times |
| 30 Tue Apr 2024 | 6.54 | 7.30 | 7.68 | 6.10 | 1.341 times |
| 28 Thu Mar 2024 | 7.21 | 7.50 | 7.66 | 6.62 | 0.915 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Melco Resorts ( (MLCO) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Melco Resorts ( (MLCO) ) based on a mid to longer 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.
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 SELL signal for Melco Resorts in short term but the sell signal is initial and weak.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Melco Resorts in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Melco Resorts is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 8.2 and Melco Resorts (MLCO) 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 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 positive
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Melco Resorts ( (MLCO) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Melco Resorts ( (MLCO) ) based on a mid to longer 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.
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 SELL signal for Melco Resorts in short term but the sell signal is initial and weak.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Melco Resorts in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Melco Resorts is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 8.2 and Melco Resorts (MLCO) 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 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.