(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 2024-10-18 View latest technical analysis
10 day averaged volume of Melco Resorts is 3120970
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Fri Oct 2024 | 7.13 | 7.31 | 7.36 | 7.09 | 0.696 times |
| 17 Thu Oct 2024 | 7.04 | 7.36 | 7.43 | 7.03 | 0.943 times |
| 16 Wed Oct 2024 | 7.50 | 7.46 | 7.58 | 7.43 | 0.522 times |
| 15 Tue Oct 2024 | 7.38 | 7.71 | 7.76 | 7.33 | 1.05 times |
| 14 Mon Oct 2024 | 7.71 | 7.48 | 7.86 | 7.45 | 1.012 times |
| 11 Fri Oct 2024 | 7.89 | 7.79 | 8.08 | 7.77 | 0.848 times |
| 10 Thu Oct 2024 | 7.85 | 7.90 | 7.97 | 7.82 | 0.73 times |
| 09 Wed Oct 2024 | 7.91 | 7.76 | 8.04 | 7.75 | 1.229 times |
| 08 Tue Oct 2024 | 8.01 | 7.70 | 8.08 | 7.50 | 1.794 times |
| 07 Mon Oct 2024 | 8.48 | 8.57 | 8.90 | 8.32 | 1.338 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7 as stoploss in an intra day buy trade for a target of 7.57. However, stock will show a bearish move below 7.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 4.78 |
| Downside Target | 5.02 |
| Downside Target | 5.55 |
| Downside Target | 5.67 |
| Downside Target | 5.97 |
| Downside Target | 7.03 |
| Upside Target | 7.46 |
| Upside Target | 7.69 |
| Upside Target | 7.86 |
| Upside Target | 8.01 |
| Upside Target | 8.31 |
| Upside Target | 8.62 |
| Upside Target | 8.90 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 6.82 |
| Downside Intraday Target | 6.51 |
| Upside Intraday Target | 7.65 |
| Upside Intraday Target | 8.17 |
| Upside Intraday Target | 7.34 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Fri Oct 2024 | 7.13 | 7.48 | 7.86 | 7.03 | 0.711 times |
| 11 Fri Oct 2024 | 7.89 | 8.57 | 8.90 | 7.50 | 0.966 times |
| 04 Fri Oct 2024 | 8.17 | 7.95 | 8.62 | 7.69 | 0.609 times |
| 27 Fri Sep 2024 | 7.70 | 6.04 | 7.91 | 5.97 | 2.238 times |
| 20 Fri Sep 2024 | 5.97 | 5.71 | 6.02 | 5.55 | 0.925 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 |
| 18 Fri Oct 2024 | 7.13 | 7.84 | 8.90 | 7.03 | 0.572 times |
| 30 Mon Sep 2024 | 7.79 | 5.07 | 8.01 | 5.02 | 0.706 times |
| 30 Fri Aug 2024 | 5.07 | 5.71 | 5.73 | 4.78 | 2.159 times |
| 31 Wed Jul 2024 | 5.71 | 7.53 | 7.53 | 5.67 | 1.37 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 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 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 Weak 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 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Melco Resorts in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 7.77 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 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 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 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 Weak 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 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Melco Resorts in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 7.77 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.