(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 2024-06-11 View latest technical analysis
10 day averaged volume of Melco Resorts is 2565840
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Tue Jun 2024 | 7.88 | 8.06 | 8.08 | 7.82 | 1.269 times |
| 10 Mon Jun 2024 | 8.11 | 7.98 | 8.12 | 7.94 | 0.569 times |
| 07 Fri Jun 2024 | 8.05 | 8.05 | 8.25 | 8.05 | 0.431 times |
| 06 Thu Jun 2024 | 8.12 | 8.16 | 8.26 | 8.05 | 0.485 times |
| 05 Wed Jun 2024 | 8.10 | 8.31 | 8.31 | 8.01 | 1.162 times |
| 04 Tue Jun 2024 | 8.24 | 8.02 | 8.27 | 8.01 | 1.307 times |
| 03 Mon Jun 2024 | 8.16 | 8.08 | 8.18 | 7.85 | 1.566 times |
| 31 Fri May 2024 | 7.84 | 8.04 | 8.10 | 7.77 | 1.749 times |
| 30 Thu May 2024 | 8.06 | 8.03 | 8.11 | 7.90 | 0.975 times |
| 29 Wed May 2024 | 8.04 | 8.02 | 8.06 | 7.83 | 0.932 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7.9, but if it comes above 7.9, then a intra day buy could be more profitable.
If you take a sell trade below 7.9, then use 7.9 as stoploss and 7.6 as target. However if you take a buy trade in stock , then use 7.9 as stoploss and 8.23 as target.
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 |
| Upside Target | 8.01 |
| Upside Target | 8.17 |
| 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 | 7.76 |
| Downside Intraday Target | 7.64 |
| Upside Intraday Target | 8.06 |
| Upside Intraday Target | 8.24 |
| Upside Intraday Target | 7.94 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Tue Jun 2024 | 7.88 | 7.98 | 8.12 | 7.82 | 0.371 times |
| 07 Fri Jun 2024 | 8.05 | 8.08 | 8.31 | 7.85 | 1.104 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 |
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 Melco Resorts (MLCO)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 11 Tue Jun 2024 | 7.88 | 8.08 | 8.31 | 7.82 | 0.191 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Melco Resorts ( (MLCO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 Strong and stock is gaining 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 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 SELL signal for Melco Resorts in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 8.05 and Melco Resorts (MLCO) stock is trading below this level. This means that stock is falling with high volumes. 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Melco Resorts ( (MLCO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 Strong and stock is gaining 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 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 SELL signal for Melco Resorts in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 8.05 and Melco Resorts (MLCO) stock is trading below this level. This means that stock is falling with high volumes. 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.