(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 2024-11-04 View latest technical analysis
10 day averaged volume of Melco Resorts is 1973170
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 6.57 | 6.69 | 6.89 | 6.50 | 1.936 times |
| 01 Fri Nov 2024 | 6.72 | 6.87 | 6.89 | 6.68 | 0.949 times |
| 31 Thu Oct 2024 | 6.72 | 6.81 | 6.81 | 6.56 | 1.639 times |
| 30 Wed Oct 2024 | 6.85 | 6.84 | 6.91 | 6.82 | 0.576 times |
| 29 Tue Oct 2024 | 6.95 | 7.03 | 7.15 | 6.95 | 0.92 times |
| 28 Mon Oct 2024 | 6.99 | 6.79 | 7.08 | 6.79 | 0.864 times |
| 25 Fri Oct 2024 | 6.73 | 6.68 | 6.87 | 6.64 | 0.885 times |
| 24 Thu Oct 2024 | 6.68 | 6.73 | 6.82 | 6.62 | 1.084 times |
| 23 Wed Oct 2024 | 6.66 | 6.89 | 6.94 | 6.66 | 0.848 times |
| 22 Tue Oct 2024 | 6.90 | 6.96 | 6.99 | 6.85 | 0.794 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6.7, but if it comes above 6.7, then a intra day buy could be more profitable.
If you take a sell trade below 6.7, then use 6.7 as stoploss and 6.1 as target. However if you take a buy trade in stock , then use 6.7 as stoploss and 7.16 as target.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 4.78 |
| Downside Target | 5.02 |
| Downside Target | 5.67 |
| Downside Target | 6.50 |
| Upside Target | 6.89 |
| Upside Target | 7.03 |
| Upside Target | 7.15 |
| Upside Target | 7.50 |
| Upside Target | 7.53 |
| Upside Target | 7.86 |
| Upside Target | 8.01 |
| Upside Target | 8.90 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 6.42 |
| Downside Intraday Target | 6.26 |
| Upside Intraday Target | 6.81 |
| Upside Intraday Target | 7.04 |
| Upside Intraday Target | 6.65 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 6.57 | 6.69 | 6.89 | 6.50 | 0.391 times |
| 01 Fri Nov 2024 | 6.72 | 6.79 | 7.15 | 6.56 | 0.98 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 |
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 |
| 04 Mon Nov 2024 | 6.57 | 6.87 | 6.89 | 6.50 | 0.09 times |
| 31 Thu Oct 2024 | 6.72 | 7.84 | 8.90 | 6.56 | 0.796 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 |
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 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 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 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 getting stronger in this stock.
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 SELL signal for Melco Resorts in short term and SELL signal is strong!
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 6.75 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 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 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 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 getting stronger in this stock.
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 SELL signal for Melco Resorts in short term and SELL signal is strong!
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 6.75 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.