(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 2024-08-02 View latest technical analysis
10 day averaged volume of Melco Resorts is 2799321
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 5.15 | 5.30 | 5.30 | 5.07 | 2.017 times |
| 01 Thu Aug 2024 | 5.30 | 5.71 | 5.71 | 5.14 | 2.74 times |
| 31 Wed Jul 2024 | 5.71 | 5.85 | 6.02 | 5.68 | 1.364 times |
| 30 Tue Jul 2024 | 5.75 | 5.80 | 5.98 | 5.72 | 0.609 times |
| 29 Mon Jul 2024 | 5.82 | 5.92 | 5.94 | 5.79 | 0.55 times |
| 26 Fri Jul 2024 | 5.87 | 5.94 | 5.94 | 5.74 | 0.57 times |
| 25 Thu Jul 2024 | 5.83 | 5.75 | 5.91 | 5.67 | 0.722 times |
| 24 Wed Jul 2024 | 5.81 | 6.07 | 6.09 | 5.79 | 1.001 times |
| 23 Tue Jul 2024 | 6.08 | 6.07 | 6.21 | 6.03 | 0.918 times |
| 22 Mon Jul 2024 | 6.13 | 6.21 | 6.22 | 6.05 | 0.837 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 5.1, for a target of 5.7 or 6.13
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 5.07 |
| 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 | 4.81 |
| Downside Intraday Target | 4.46 |
| Upside Intraday Target | 5.76 |
| Upside Intraday Target | 6.36 |
| Upside Intraday Target | 5.41 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 5.15 | 5.92 | 6.02 | 5.07 | 1.799 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, 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 |
| 02 Fri Aug 2024 | 5.15 | 5.71 | 5.71 | 5.07 | 0.255 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 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 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 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 getting stronger in this stock.
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 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 5.6 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 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 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 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 getting stronger in this stock.
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 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 5.6 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.