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(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 2024-07-11 View latest technical analysis

10 day averaged volume of Melco Resorts is 1826850

Date Daily Closing Price Open High Low Volume
11 Thu Jul 2024 6.68 6.63 6.82 6.61 0.802 times
10 Wed Jul 2024 6.50 6.78 6.79 6.45 1.468 times
09 Tue Jul 2024 6.78 6.68 6.88 6.63 1.137 times
08 Mon Jul 2024 6.64 7.13 7.15 6.61 1.751 times
05 Fri Jul 2024 7.12 7.15 7.25 7.06 0.507 times
03 Wed Jul 2024 7.23 7.06 7.25 7.04 0.452 times
03 Wed Jul 2024 7.23 7.06 7.25 7.04 0.452 times
02 Tue Jul 2024 6.99 7.05 7.10 6.92 0.728 times
01 Mon Jul 2024 7.02 7.53 7.53 6.92 1.721 times
28 Fri Jun 2024 7.46 7.64 7.66 7.46 0.733 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6.9, but if it comes above 6.9, then a intra day buy could be more profitable.
If you take a sell trade below 6.9, then use 6.9 as stoploss and 6.3 as target. However if you take a buy trade in stock , then use 6.9 as stoploss and 7.39 as target.

Share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Target 6.10
Downside Target 6.45
Downside Target 6.62
Upside Target 6.92
Upside Target 7.46
Upside Target 7.60
Upside Target 7.66
Upside Target 7.68
Upside Target 7.99
Upside Target 8.16
Upside Target 8.31
Upside Target 8.90

Intraday share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Intraday Target 6.37
Downside Intraday Target 6.06
Upside Intraday Target 7.07
Upside Intraday Target 7.46
Upside Intraday Target 6.76

Weekly technical analysis of Melco Resorts (MLCO)

Date Weekly Closing Price Open High Low Volume
11 Thu Jul 2024 6.68 7.13 7.15 6.45 5.379 times
05 Fri Jul 2024 7.12 7.06 7.25 7.04 0.33 times
03 Wed Jul 2024 7.23 7.53 7.53 6.92 0.738 times
28 Fri Jun 2024 7.46 7.90 8.16 7.46 2.152 times
21 Fri Jun 2024 7.94 7.73 7.99 7.60 1.345 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
11 Thu Jul 2024 6.68 7.53 7.53 6.45 0.431 times
28 Fri Jun 2024 7.46 8.08 8.31 7.46 0.419 times
31 Fri May 2024 7.84 6.58 8.90 6.46 1.198 times
30 Tue Apr 2024 6.54 7.30 7.68 6.10 1.341 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 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 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 Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Melco Resorts in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Melco Resorts is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.87 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 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 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 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 Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Melco Resorts in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Melco Resorts is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.87 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.

Daily charts

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Daily chart
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