(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 2024-10-29 View latest technical analysis
10 day averaged volume of Melco Resorts is 2169240
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 6.95 | 7.03 | 7.15 | 6.95 | 0.837 times |
| 28 Mon Oct 2024 | 6.99 | 6.79 | 7.08 | 6.79 | 0.786 times |
| 25 Fri Oct 2024 | 6.73 | 6.68 | 6.87 | 6.64 | 0.805 times |
| 24 Thu Oct 2024 | 6.68 | 6.73 | 6.82 | 6.62 | 0.986 times |
| 23 Wed Oct 2024 | 6.66 | 6.89 | 6.94 | 6.66 | 0.771 times |
| 22 Tue Oct 2024 | 6.90 | 6.96 | 6.99 | 6.85 | 0.722 times |
| 21 Mon Oct 2024 | 6.95 | 7.00 | 7.05 | 6.83 | 1.31 times |
| 18 Fri Oct 2024 | 7.13 | 7.31 | 7.36 | 7.09 | 1.002 times |
| 17 Thu Oct 2024 | 7.04 | 7.36 | 7.43 | 7.03 | 1.356 times |
| 16 Wed Oct 2024 | 7.50 | 7.46 | 7.58 | 7.43 | 0.751 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 6.9 as stoploss in an intra day buy trade for a target of 7.45. However, stock will show a bearish move below 6.9.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 4.78 |
| Downside Target | 5.02 |
| Downside Target | 5.67 |
| Downside Target | 6.62 |
| Downside Target | 6.79 |
| Upside 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 | 6.78 |
| Downside Intraday Target | 6.6 |
| Upside Intraday Target | 7.14 |
| Upside Intraday Target | 7.32 |
| Upside Intraday Target | 6.96 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Tue Oct 2024 | 6.95 | 6.79 | 7.15 | 6.79 | 0.353 times |
| 25 Fri Oct 2024 | 6.73 | 7.00 | 7.05 | 6.62 | 0.756 times |
| 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 |
Price has moved up 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 |
| 29 Tue Oct 2024 | 6.95 | 7.84 | 8.90 | 6.62 | 0.741 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 losing 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 coming down
CCI has generated a buy signal for Melco Resorts in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 6.95 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 losing 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 coming down
CCI has generated a buy signal for Melco Resorts in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 6.95 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.