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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 2024-10-03 View latest technical analysis

10 day averaged volume of Melco Resorts is 5332080

Date Daily Closing Price Open High Low Volume
03 Thu Oct 2024 7.99 7.80 8.02 7.69 0.458 times
02 Wed Oct 2024 8.06 8.48 8.62 8.02 1.132 times
01 Tue Oct 2024 8.17 7.84 8.21 7.79 0.708 times
30 Mon Sep 2024 7.79 7.95 8.01 7.69 0.987 times
27 Fri Sep 2024 7.70 7.85 7.91 7.50 1.251 times
26 Thu Sep 2024 7.57 7.20 7.64 7.19 2.304 times
25 Wed Sep 2024 6.53 6.43 6.64 6.33 0.642 times
24 Tue Sep 2024 6.54 6.48 6.62 6.26 1.185 times
23 Mon Sep 2024 6.00 6.04 6.08 5.97 0.53 times
20 Fri Sep 2024 5.97 5.85 6.02 5.79 0.732 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.4, but if it comes below 7.4, then a intra day sell could be more profitable.
If you take a sell trade below 7.4, then use 7.4 as stoploss and 6.39 as target. However if you take a buy trade in stock , then use 7.4 as stoploss and 8.7 as target.

Share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Target 4.78
Downside Target 5.02
Downside Target 5.17
Downside Target 5.55
Downside Target 5.67
Downside Target 5.97
Downside Target 7.46
Downside Target 7.69
Downside Target 7.91
Upside Target 8.01
Upside Target 8.31
Upside Target 8.62

Intraday share price targets for Melco Resorts (MLCO)

Target Type Value
Downside Intraday Target 7.58
Downside Intraday Target 7.17
Upside Intraday Target 8.51
Upside Intraday Target 9.03
Upside Intraday Target 8.1

Weekly technical analysis of Melco Resorts (MLCO)

Date Weekly Closing Price Open High Low Volume
03 Thu Oct 2024 7.99 7.95 8.62 7.69 0.556 times
27 Fri Sep 2024 7.70 6.04 7.91 5.97 2.238 times
20 Fri Sep 2024 5.97 5.71 6.02 5.55 0.925 times
13 Fri Sep 2024 5.71 5.32 5.77 5.17 1.113 times
06 Fri Sep 2024 5.37 5.07 5.71 5.02 6.749 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
03 Thu Oct 2024 7.99 7.84 8.62 7.69 0.154 times
30 Mon Sep 2024 7.79 5.07 8.01 5.02 0.706 times
30 Fri Aug 2024 5.07 5.71 5.73 4.78 2.159 times
31 Wed Jul 2024 5.71 7.53 7.53 5.67 1.37 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 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 losing 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 green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 7.33 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.

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 losing 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 green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 7.33 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.

Daily charts

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Daily chart
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