(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 2024-03-01 View latest technical analysis
10 day averaged volume of Melco Resorts is 4107280
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Fri Mar 2024 | 7.12 | 7.50 | 7.58 | 6.62 | 2.486 times |
| 29 Thu Feb 2024 | 7.73 | 8.16 | 8.25 | 7.21 | 2.308 times |
| 28 Wed Feb 2024 | 8.26 | 8.15 | 8.41 | 8.10 | 0.928 times |
| 27 Tue Feb 2024 | 8.33 | 8.61 | 8.65 | 8.27 | 1.11 times |
| 26 Mon Feb 2024 | 8.59 | 8.60 | 8.63 | 8.45 | 1.203 times |
| 23 Fri Feb 2024 | 8.59 | 8.18 | 8.86 | 8.14 | 0.803 times |
| 22 Thu Feb 2024 | 8.18 | 8.45 | 8.47 | 8.06 | 0.424 times |
| 21 Wed Feb 2024 | 8.35 | 8.54 | 8.54 | 8.31 | 0.342 times |
| 20 Tue Feb 2024 | 8.42 | 8.83 | 8.83 | 7.96 | 1.31 times |
| 16 Fri Feb 2024 | 8.83 | 9.17 | 9.24 | 8.81 | 1.057 times |
Stock of Melco Resorts (MLCO) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 7.4, for a target of 8 or 8.5
Share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Target | 6.62 |
| Downside Target | 6.80 |
| Upside Target | 7.21 |
| Upside Target | 7.58 |
| Upside Target | 7.80 |
| Upside Target | 8.50 |
| Upside Target | 8.86 |
| Upside Target | 9.07 |
| Upside Target | 9.14 |
| Upside Target | 9.25 |
| Upside Target | 9.39 |
| Upside Target | 9.56 |
Intraday share price targets for Melco Resorts (MLCO)
| Target Type | Value |
| Downside Intraday Target | 6.28 |
| Downside Intraday Target | 5.43 |
| Upside Intraday Target | 8.31 |
| Upside Intraday Target | 9.49 |
| Upside Intraday Target | 7.46 |
Weekly technical analysis of Melco Resorts (MLCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Fri Mar 2024 | 7.12 | 8.60 | 8.65 | 6.62 | 2.791 times |
| 23 Fri Feb 2024 | 8.59 | 8.83 | 8.86 | 7.96 | 0.8 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 |
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 |
| 01 Fri Mar 2024 | 7.12 | 7.50 | 7.58 | 6.62 | 0.165 times |
| 29 Thu Feb 2024 | 7.73 | 8.05 | 9.39 | 7.21 | 0.873 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 |
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 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 SELL. Signal strength is Strong and stock is gaining 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 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 8.05 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 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 SELL. Signal strength is Strong and stock is gaining 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 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 8.05 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.