(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 2024-01-16 View latest technical analysis
10 day averaged volume of Melco Resorts is 3190110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 8.07 | 8.09 | 8.16 | 7.98 | 0.866 times |
| 12 Fri Jan 2024 | 8.21 | 8.35 | 8.57 | 8.17 | 0.661 times |
| 12 Fri Jan 2024 | 8.21 | 8.35 | 8.57 | 8.17 | 0.661 times |
| 11 Thu Jan 2024 | 8.36 | 8.07 | 8.37 | 8.05 | 1.051 times |
| 10 Wed Jan 2024 | 7.99 | 8.54 | 8.61 | 7.93 | 1.843 times |
| 09 Tue Jan 2024 | 8.61 | 8.76 | 8.80 | 8.55 | 0.823 times |
| 08 Mon Jan 2024 | 8.81 | 8.93 | 8.95 | 8.71 | 0.7 times |
| 05 Fri Jan 2024 | 9.03 | 9.06 | 9.22 | 8.93 | 0.607 times |
| 04 Thu Jan 2024 | 9.12 | 9.19 | 9.22 | 9.00 | 0.67 times |
| 03 Wed Jan 2024 | 9.18 | 9.10 | 9.26 | 8.97 | 0.545 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.3, but if it comes above 8.3, then a intra day buy could be more profitable.
If you take a sell trade below 8.3, then use 8.3 as stoploss and 7.9 as target. However if you take a buy trade in stock , then use 8.3 as stoploss and 8.72 as target.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.80 |
| Downside Target | 7.80 |
| Upside Target | 8.16 |
| Upside Target | 8.57 |
| Upside Target | 8.78 |
| Upside Target | 9.07 |
| Upside Target | 9.08 |
| Upside Target | 9.25 |
| Upside Target | 9.56 |
| Upside Target | 9.83 |
| Upside Target | 11.43 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 7.98 |
| Downside Intraday Target | 7.89 |
| Upside Intraday Target | 8.16 |
| Upside Intraday Target | 8.25 |
| Downside Intraday Target | 8.07 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 8.07 | 8.09 | 8.16 | 7.98 | 1.312 times |
| 12 Fri Jan 2024 | 8.21 | 8.35 | 8.57 | 8.17 | 0.13 times |
| 12 Fri Jan 2024 | 8.21 | 8.93 | 8.95 | 7.93 | 1.191 times |
| 05 Fri Jan 2024 | 9.03 | 8.83 | 9.56 | 8.78 | 5.794 times |
| 29 Fri Dec 2023 | 8.87 | 8.84 | 8.98 | 8.82 | 0.247 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 |
| 16 Tue Jan 2024 | 8.07 | 8.83 | 9.56 | 7.93 | 0.472 times |
| 29 Fri Dec 2023 | 8.87 | 6.94 | 9.25 | 6.87 | 1.036 times |
| 30 Thu Nov 2023 | 6.98 | 8.44 | 9.07 | 6.80 | 1.562 times |
| 31 Tue Oct 2023 | 8.44 | 9.77 | 9.83 | 7.80 | 0.918 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 and the buying is gaining 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 8.45 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 and the buying is gaining 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 8.45 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.