(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 4343480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Thu May 2024 | 7.15 | 6.90 | 7.27 | 6.83 | 2.262 times |
| 01 Wed May 2024 | 6.59 | 6.58 | 6.78 | 6.46 | 1.366 times |
| 30 Tue Apr 2024 | 6.54 | 6.97 | 7.17 | 6.54 | 1.833 times |
| 29 Mon Apr 2024 | 6.58 | 6.55 | 6.71 | 6.51 | 1.635 times |
| 26 Fri Apr 2024 | 6.34 | 6.34 | 6.53 | 6.29 | 0.664 times |
| 25 Thu Apr 2024 | 6.31 | 6.22 | 6.39 | 6.18 | 0.577 times |
| 24 Wed Apr 2024 | 6.27 | 6.20 | 6.31 | 6.11 | 0.948 times |
| 23 Tue Apr 2024 | 6.20 | 6.20 | 6.33 | 6.18 | 0.676 times |
| 22 Mon Apr 2024 | 6.17 | 6.20 | 6.30 | 6.11 | 0.765 times |
| 19 Fri Apr 2024 | 6.15 | 6.20 | 6.28 | 6.10 | 0.583 times |
Stock of Melco Resorts (MLCO) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.1, but if it comes below 7.1, then a intra day sell could be more profitable.
If you take a sell trade below 7.1, then use 7.1 as stoploss and 6.69 as target. However if you take a buy trade in stock , then use 7.1 as stoploss and 7.6 as target.
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.10 |
| Downside Target | 6.46 |
| Downside Target | 6.95 |
| Upside Target | 7.27 |
| Upside Target | 7.34 |
| Upside Target | 7.66 |
| Upside Target | 7.68 |
| Upside Target | 9.39 |
| Upside Target | 9.56 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 6.65 |
| Downside Intraday Target | 6.15 |
| Upside Intraday Target | 7.46 |
| Upside Intraday Target | 7.77 |
| Downside Intraday Target | 6.96 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Thu May 2024 | 7.15 | 6.55 | 7.27 | 6.46 | 1.955 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 |
| 12 Fri Apr 2024 | 6.95 | 7.06 | 7.34 | 6.95 | 0.85 times |
| 05 Fri Apr 2024 | 7.09 | 7.30 | 7.68 | 7.06 | 2.179 times |
Price has moved up 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 |
| 02 Thu May 2024 | 7.15 | 6.58 | 7.27 | 6.46 | 0.207 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 | 0.873 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 stronger in this stock.
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 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 6.56 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 stronger in this stock.
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 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 6.56 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.