(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 2024-02-20 View latest technical analysis
10 day averaged volume of Melco Resorts is 2483200
Date | Daily Closing Price | Open | High | Low | Volume |
20 Tue Feb 2024 | 8.42 | 8.83 | 8.83 | 7.96 | 2.168 times |
16 Fri Feb 2024 | 8.83 | 9.17 | 9.24 | 8.81 | 1.748 times |
15 Thu Feb 2024 | 8.90 | 9.13 | 9.17 | 8.82 | 0.851 times |
14 Wed Feb 2024 | 9.18 | 9.28 | 9.39 | 9.10 | 0.808 times |
13 Tue Feb 2024 | 9.04 | 8.93 | 9.31 | 8.84 | 1.383 times |
12 Mon Feb 2024 | 9.20 | 8.93 | 9.23 | 8.83 | 1.163 times |
09 Fri Feb 2024 | 8.87 | 8.78 | 8.93 | 8.61 | 0.636 times |
08 Thu Feb 2024 | 8.77 | 8.63 | 9.14 | 8.63 | 0.998 times |
07 Wed Feb 2024 | 8.54 | 8.70 | 8.72 | 8.50 | 0.623 times |
06 Tue Feb 2024 | 8.76 | 8.51 | 8.89 | 8.41 | 0.967 times |
Stock of Melco Resorts (MLCO) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, and stock might move down till 8.1 or till 7.6. Use a stoploss of 8.52 and if the stock hits stoploss, then it can shoot up till 8.93
Share price targets for Melco Resorts (MLCO)
Target Type | Value |
Downside Target | 6.80 |
Downside Target | 7.25 |
Downside Target | 7.80 |
Upside Target | 8.50 |
Upside Target | 8.81 |
Upside Target | 9.07 |
Upside Target | 9.14 |
Upside Target | 9.25 |
Upside Target | 9.39 |
Upside Target | 9.56 |
Upside Target | 9.83 |
Intraday share price targets for Melco Resorts (MLCO)
Target Type | Value |
Downside Intraday Target | 7.98 |
Downside Intraday Target | 7.53 |
Upside Intraday Target | 8.85 |
Upside Intraday Target | 9.27 |
Downside Intraday Target | 8.4 |
Weekly technical analysis of Melco Resorts (MLCO)
Date | Weekly Closing Price | Open | High | Low | Volume |
20 Tue Feb 2024 | 8.42 | 8.83 | 8.83 | 7.96 | 0.364 times |
16 Fri Feb 2024 | 8.83 | 8.93 | 9.39 | 8.81 | 1.471 times |
09 Fri Feb 2024 | 8.87 | 7.98 | 9.14 | 7.86 | 1.179 times |
02 Fri Feb 2024 | 8.00 | 8.50 | 8.50 | 7.80 | 0.419 times |
26 Fri Jan 2024 | 8.44 | 7.40 | 8.89 | 7.25 | 1.596 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 |
20 Tue Feb 2024 | 8.42 | 8.05 | 9.39 | 7.86 | 0.461 times |
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 |
Scroll below to view daily charts
Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 losing momentum.
MACD generated a BUY signal for Melco Resorts in short term and the buy 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 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 8.82 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 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 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.
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 losing momentum.
MACD generated a BUY signal for Melco Resorts in short term and the buy 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 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 8.82 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 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.