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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.

10 day averaged volume of Melco Resorts is 1491730

Date Daily Closing Price Open High Low Volume
15 Thu Apr 2021 19.77 19.44 19.78 19.12 1.584 times
14 Wed Apr 2021 19.52 19.56 19.99 19.42 1.181 times
13 Tue Apr 2021 19.62 19.78 19.96 19.53 0.841 times
12 Mon Apr 2021 19.95 20.08 20.17 19.66 0.732 times
09 Fri Apr 2021 20.31 20.01 20.51 20.00 0.681 times
08 Thu Apr 2021 20.52 20.65 20.72 20.38 0.701 times
07 Wed Apr 2021 20.68 21.06 21.16 20.38 1.111 times
06 Tue Apr 2021 21.21 20.36 21.40 20.36 1.857 times
05 Mon Apr 2021 20.50 20.42 20.69 20.37 0.899 times
01 Thu Apr 2021 20.28 20.00 20.48 19.98 0.834 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 19.7 as stoploss in an intra day buy trade for a target of 20.27. However, stock will show a bearish move below 19.7.

Share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Target 15.28
Downside Target 15.67
Downside Target 17.88
Downside Target 19.08
Upside Target 20.48
Upside Target 20.79
Upside Target 21.28
Upside Target 21.40
Upside Target 22.19
Upside Target 23.65

Intraday share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Intraday Target 19.2
Downside Intraday Target 18.64
Upside Intraday Target 20.25
Upside Intraday Target 20.74
Downside Intraday Target 19.69

Weekly technical analysis of Melco Resorts (MLCO)

Date Weekly Closing Price Open High Low Volume
15 Thu Apr 2021 19.77 20.08 20.17 19.12 0.826 times
09 Fri Apr 2021 20.31 20.42 21.40 20.00 1.486 times
01 Thu Apr 2021 20.28 19.59 20.48 19.44 0.517 times
26 Fri Mar 2021 19.59 21.10 21.28 19.18 0.918 times
19 Fri Mar 2021 21.08 21.00 22.19 20.79 0.971 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
15 Thu Apr 2021 19.77 20.00 21.40 19.12 0.24 times
31 Wed Mar 2021 19.91 22.00 23.65 19.18 1.155 times
26 Fri Feb 2021 21.66 16.00 22.19 15.67 1.281 times
29 Fri Jan 2021 15.99 18.67 19.08 15.28 1.24 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)

Indicator Name Indicator Value Indicator Signal
ADX 17, 26, 21 Sell
MACD -0, 0Sell
Stochastics 14Sell
CCI -108Sell
RSI 61Buy
OBV -13857800Sell
VWAP 20Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 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 in or above the red cloud Prices appear to be moving up

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 20.29 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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