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(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 2024-08-01 View latest technical analysis

10 day averaged volume of Melco Resorts is 2486811

Date Daily Closing Price Open High Low Volume
01 Thu Aug 2024 5.30 5.71 5.71 5.14 3.085 times
31 Wed Jul 2024 5.71 5.85 6.02 5.68 1.535 times
30 Tue Jul 2024 5.75 5.80 5.98 5.72 0.685 times
29 Mon Jul 2024 5.82 5.92 5.94 5.79 0.62 times
26 Fri Jul 2024 5.87 5.94 5.94 5.74 0.642 times
25 Thu Jul 2024 5.83 5.75 5.91 5.67 0.812 times
24 Wed Jul 2024 5.81 6.07 6.09 5.79 1.127 times
23 Tue Jul 2024 6.08 6.07 6.21 6.03 1.033 times
22 Mon Jul 2024 6.13 6.21 6.22 6.05 0.942 times
19 Fri Jul 2024 6.17 6.10 6.20 6.00 0.777 times

Stock of Melco Resorts (MLCO) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 5.2, for a target of 5.8 or 6.22

Share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Target 5.14
Upside Target 5.67
Upside Target 6.00
Upside Target 6.45
Upside Target 6.69
Upside Target 7.04
Upside Target 7.15
Upside Target 7.25
Upside Target 7.46
Upside Target 7.53
Upside Target 7.68
Upside Target 8.31
Upside Target 8.90

Intraday share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Intraday Target 4.95
Downside Intraday Target 4.61
Upside Intraday Target 5.83
Upside Intraday Target 6.37
Upside Intraday Target 5.49

Weekly technical analysis of Melco Resorts (MLCO)

Date Weekly Closing Price Open High Low Volume
01 Thu Aug 2024 5.30 5.92 6.02 5.14 1.3 times
26 Fri Jul 2024 5.87 6.21 6.22 5.67 0.792 times
19 Fri Jul 2024 6.17 6.64 6.69 6.00 1.138 times
12 Fri Jul 2024 6.64 7.13 7.15 6.45 7.176 times
05 Fri Jul 2024 7.12 7.06 7.25 7.04 0.33 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
01 Thu Aug 2024 5.30 5.71 5.71 5.14 0.147 times
31 Wed Jul 2024 5.71 7.53 7.53 5.67 1.37 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

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 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 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 SELL. Signal strength is Strong and stock is gaining 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 and selling is picking up 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 5.73 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 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 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 SELL. Signal strength is Strong and stock is gaining 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 and selling is picking up 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 5.73 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.

Daily charts

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Daily chart
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