(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 2024-07-05 View latest technical analysis
10 day averaged volume of Melco Resorts is 1464560
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Fri Jul 2024 | 7.12 | 7.15 | 7.25 | 7.06 | 0.632 times |
| 03 Wed Jul 2024 | 7.23 | 7.06 | 7.25 | 7.04 | 0.564 times |
| 03 Wed Jul 2024 | 7.23 | 7.06 | 7.25 | 7.04 | 0.564 times |
| 02 Tue Jul 2024 | 6.99 | 7.05 | 7.10 | 6.92 | 0.909 times |
| 01 Mon Jul 2024 | 7.02 | 7.53 | 7.53 | 6.92 | 2.147 times |
| 28 Fri Jun 2024 | 7.46 | 7.64 | 7.66 | 7.46 | 0.914 times |
| 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 |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7.3, but if it comes above 7.3, then a intra day buy could be more profitable.
If you take a sell trade below 7.3, then use 7.3 as stoploss and 6.9 as target. However if you take a buy trade in stock , then use 7.3 as stoploss and 7.66 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 | 6.92 |
| Upside Target | 7.25 |
| Upside Target | 7.46 |
| Upside Target | 7.66 |
| Upside Target | 7.68 |
| Upside Target | 7.88 |
| Upside Target | 7.99 |
| Upside Target | 8.16 |
| Upside Target | 8.31 |
| Upside Target | 8.90 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 7.02 |
| Downside Intraday Target | 6.93 |
| Upside Intraday Target | 7.23 |
| Upside Intraday Target | 7.35 |
| Upside Intraday Target | 7.14 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Fri Jul 2024 | 7.12 | 7.06 | 7.25 | 7.04 | 0.33 times |
| 03 Wed Jul 2024 | 7.23 | 7.53 | 7.53 | 6.92 | 0.738 times |
| 28 Fri Jun 2024 | 7.46 | 7.90 | 8.16 | 7.46 | 2.152 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 |
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 |
| 05 Fri Jul 2024 | 7.12 | 7.53 | 7.53 | 6.92 | 0.185 times |
| 28 Fri Jun 2024 | 7.46 | 8.08 | 8.31 | 7.46 | 0.419 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 |
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 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 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 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 losing momentum.
MACD generated a SELL signal for Melco Resorts in short term and the sell signal is strong.
Melco Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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
Although the stock is in the BUY zone, but buying 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 7.42 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 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 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 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 losing momentum.
MACD generated a SELL signal for Melco Resorts in short term and the sell signal is strong.
Melco Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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
Although the stock is in the BUY zone, but buying 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 7.42 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.