(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 2024-01-17 View latest technical analysis
10 day averaged volume of Melco Resorts is 2688090
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 7.41 | 7.77 | 7.80 | 7.35 | 2.076 times |
| 16 Tue Jan 2024 | 8.07 | 8.09 | 8.16 | 7.98 | 1.028 times |
| 12 Fri Jan 2024 | 8.21 | 8.35 | 8.57 | 8.17 | 0.784 times |
| 12 Fri Jan 2024 | 8.21 | 8.35 | 8.57 | 8.17 | 0.784 times |
| 11 Thu Jan 2024 | 8.36 | 8.07 | 8.37 | 8.05 | 1.247 times |
| 10 Wed Jan 2024 | 7.99 | 8.54 | 8.61 | 7.93 | 2.187 times |
| 09 Tue Jan 2024 | 8.61 | 8.76 | 8.80 | 8.55 | 0.977 times |
| 08 Mon Jan 2024 | 8.81 | 8.93 | 8.95 | 8.71 | 0.83 times |
| 05 Fri Jan 2024 | 9.03 | 9.06 | 9.22 | 8.93 | 0.72 times |
| 04 Thu Jan 2024 | 9.12 | 9.19 | 9.22 | 9.00 | 0.795 times |
Stock of Melco Resorts (MLCO) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 7.6, for a target of 8.2 or 8.64
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.80 |
| Downside Target | 7.35 |
| Upside 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 | 7.12 |
| Downside Intraday Target | 6.83 |
| Upside Intraday Target | 7.93 |
| Upside Intraday Target | 8.45 |
| Upside Intraday Target | 7.64 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 7.41 | 8.09 | 8.16 | 7.35 | 3.96 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Melco Resorts (MLCO)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 7.41 | 8.83 | 9.56 | 7.35 | 0.548 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 8.22 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.
Price action analysis of Melco Resorts ( (MLCO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 8.22 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.