(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 2024-06-27 View latest technical analysis
10 day averaged volume of Melco Resorts is 1464310
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Thu Jun 2024 | 7.65 | 7.86 | 7.86 | 7.50 | 1.311 times |
| 26 Wed Jun 2024 | 7.92 | 7.89 | 8.16 | 7.85 | 1.451 times |
| 25 Tue Jun 2024 | 7.90 | 7.95 | 8.00 | 7.87 | 0.62 times |
| 24 Mon Jun 2024 | 7.98 | 7.90 | 8.00 | 7.83 | 0.607 times |
| 21 Fri Jun 2024 | 7.94 | 7.74 | 7.99 | 7.69 | 0.914 times |
| 20 Thu Jun 2024 | 7.81 | 7.64 | 7.87 | 7.64 | 0.765 times |
| 18 Tue Jun 2024 | 7.71 | 7.73 | 7.84 | 7.60 | 0.599 times |
| 18 Tue Jun 2024 | 7.71 | 7.73 | 7.84 | 7.60 | 0.599 times |
| 17 Mon Jun 2024 | 7.84 | 7.75 | 7.88 | 7.57 | 1.094 times |
| 14 Fri Jun 2024 | 7.78 | 7.97 | 7.97 | 7.65 | 1.138 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7.8, but if it comes above 7.8, then a intra day buy could be more profitable.
If you take a sell trade below 7.8, then use 7.8 as stoploss and 7.6 as target. However if you take a buy trade in stock , then use 7.8 as stoploss and 7.93 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 | 7.50 |
| Upside Target | 7.85 |
| Upside Target | 7.99 |
| Upside Target | 8.16 |
| Upside Target | 8.19 |
| Upside Target | 8.31 |
| Upside Target | 8.90 |
| Upside Target | 9.39 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 7.38 |
| Downside Intraday Target | 7.11 |
| Upside Intraday Target | 8.04 |
| Upside Intraday Target | 8.43 |
| Upside Intraday Target | 7.77 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Thu Jun 2024 | 7.65 | 7.90 | 8.16 | 7.50 | 1.751 times |
| 21 Fri Jun 2024 | 7.94 | 7.73 | 7.99 | 7.60 | 1.345 times |
| 18 Tue Jun 2024 | 7.71 | 7.75 | 7.88 | 7.57 | 0.199 times |
| 14 Fri Jun 2024 | 7.78 | 7.98 | 8.19 | 7.65 | 0.983 times |
| 07 Fri Jun 2024 | 8.05 | 8.08 | 8.31 | 7.85 | 1.104 times |
Price has moved down 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 |
| 27 Thu Jun 2024 | 7.65 | 8.08 | 8.31 | 7.50 | 0.404 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 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 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 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
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 7.82 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 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 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 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
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 7.82 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.