(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 2024-01-31 View latest technical analysis
10 day averaged volume of Melco Resorts is 3452140
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Wed Jan 2024 | 7.81 | 7.90 | 8.13 | 7.80 | 0.534 times |
| 30 Tue Jan 2024 | 7.96 | 8.25 | 8.30 | 7.91 | 0.811 times |
| 29 Mon Jan 2024 | 8.45 | 8.50 | 8.50 | 8.20 | 0.392 times |
| 26 Fri Jan 2024 | 8.44 | 8.50 | 8.55 | 8.31 | 0.544 times |
| 25 Thu Jan 2024 | 8.51 | 8.76 | 8.89 | 8.48 | 1.226 times |
| 24 Wed Jan 2024 | 8.41 | 8.15 | 8.63 | 8.14 | 1.222 times |
| 23 Tue Jan 2024 | 7.91 | 7.50 | 8.13 | 7.47 | 1.411 times |
| 22 Mon Jan 2024 | 7.27 | 7.40 | 7.55 | 7.25 | 1.496 times |
| 19 Fri Jan 2024 | 7.61 | 7.73 | 7.75 | 7.48 | 0.606 times |
| 18 Thu Jan 2024 | 7.82 | 7.52 | 7.88 | 7.52 | 0.675 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 7.7 as stoploss in an intra day buy trade for a target of 8.2. However, stock will show a bearish move below 7.7.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.80 |
| Downside Target | 7.25 |
| Downside Target | 7.80 |
| Upside Target | 8.16 |
| Upside Target | 8.50 |
| Upside Target | 8.89 |
| Upside Target | 8.95 |
| 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 | 7.57 |
| Downside Intraday Target | 7.34 |
| Upside Intraday Target | 8.27 |
| Upside Intraday Target | 8.74 |
| Upside Intraday Target | 8.04 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Wed Jan 2024 | 7.81 | 8.50 | 8.50 | 7.80 | 0.294 times |
| 26 Fri Jan 2024 | 8.44 | 7.40 | 8.89 | 7.25 | 1.596 times |
| 19 Fri Jan 2024 | 7.61 | 8.09 | 8.16 | 7.35 | 6.058 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 |
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 |
| 31 Wed Jan 2024 | 7.81 | 8.83 | 9.56 | 7.25 | 0.967 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Melco Resorts in short term and the sell signal is strong.
Melco Resorts Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 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 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 7.98 and Melco Resorts (MLCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Melco Resorts in short term and the sell signal is strong.
Melco Resorts Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 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 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 7.98 and Melco Resorts (MLCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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.