(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 4410282
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 8.56 | 8.24 | 8.61 | 8.21 | 0.515 times |
| 15 Wed May 2024 | 8.22 | 8.26 | 8.29 | 8.14 | 0.439 times |
| 14 Tue May 2024 | 8.25 | 8.20 | 8.30 | 8.11 | 0.754 times |
| 13 Mon May 2024 | 8.28 | 8.02 | 8.33 | 8.01 | 0.768 times |
| 10 Fri May 2024 | 7.85 | 8.09 | 8.10 | 7.71 | 0.705 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 8, but if it comes below 8, then a intra day sell could be more profitable.
If you take a sell trade below 8, then use 8 as stoploss and 7.18 as target. However if you take a buy trade in stock , then use 8 as stoploss and 9 as target.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.10 |
| Downside Target | 6.46 |
| Downside Target | 7.17 |
| Downside Target | 7.66 |
| Downside Target | 7.68 |
| Downside Target | 8.01 |
| Downside Target | 8.21 |
| Upside Target | 8.61 |
| Upside Target | 9.39 |
| Upside Target | 9.56 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 8.18 |
| Downside Intraday Target | 7.79 |
| Upside Intraday Target | 8.78 |
| Upside Intraday Target | 8.99 |
| Downside Intraday Target | 8.39 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 8.56 | 8.02 | 8.61 | 8.01 | 0.372 times |
| 10 Fri May 2024 | 7.85 | 7.50 | 8.21 | 7.30 | 0.847 times |
| 03 Fri May 2024 | 7.24 | 6.55 | 7.32 | 6.46 | 2.197 times |
| 26 Fri Apr 2024 | 6.34 | 6.20 | 6.53 | 6.11 | 0.796 times |
| 19 Fri Apr 2024 | 6.15 | 7.06 | 7.17 | 6.10 | 1.694 times |
Price has moved up 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 Thu May 2024 | 8.56 | 6.58 | 8.61 | 6.46 | 0.787 times |
| 30 Tue Apr 2024 | 6.54 | 7.30 | 7.68 | 6.10 | 1.341 times |
| 28 Thu Mar 2024 | 7.21 | 7.50 | 7.66 | 6.62 | 0.915 times |
| 29 Thu Feb 2024 | 7.73 | 8.05 | 9.39 | 7.21 | 0.899 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 45, 15, 50 | Buy |
| MACD | 1, 0 | Buy |
| Stochastics | 95 | Buy |
| CCI | 114 | Buy |
| RSI | 59 | Buy |
| OBV | 51339722 | Sell |
| VWAP | 8 | Buy |
| ADL | 0 | Sell |
| ROC | 20 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Melco Resorts ( (MLCO) ) based on a short 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 short 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Melco Resorts in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Melco Resorts Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 buy signal for Melco Resorts in short term and BUY 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 7.85 and Melco Resorts (MLCO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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