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(MEI) Methode Electronics complete technical analysis [charts+indicators] | Buy/Sell Methode Electronics | (MEI) share price targets

Complete technical analysis of Methode Electronics (MEI) by charts plus indicators, forecast predictions and share price targets for Methode Electronics (MEI)

Methode Electronics trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-05-28 View latest technical analysis

10 day averaged volume of Methode Electronics is 333557

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	12.20	11.93	12.37	11.88	1.508 times
24 Fri May 2024	11.75	11.93	11.93	11.69	1.427 times
23 Thu May 2024	11.72	12.17	12.17	11.55	0.944 times
22 Wed May 2024	12.10	12.08	12.24	11.94	0.719 times
21 Tue May 2024	12.00	12.20	12.28	11.87	0.839 times
20 Mon May 2024	12.27	12.34	12.45	12.25	0.773 times
17 Fri May 2024	12.35	12.31	12.53	12.23	0.606 times
16 Thu May 2024	12.27	12.34	12.45	12.18	0.949 times
15 Wed May 2024	12.33	12.24	12.44	11.83	1.216 times
14 Tue May 2024	12.04	11.28	12.06	11.10	1.536 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 12.4 as stoploss in an intra day sell trade for a target of 11.92. However, stock will show a bullish move above 12.4.

Share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Target	10.83
Downside Target	11.55
Downside Target	11.84
Upside Target	12.37
Upside Target	12.66
Upside Target	12.75
Upside Target	19.91
Upside Target	20.09
Upside Target	21.77
Upside Target	22.20
Upside Target	22.74

Intraday share price targets for Methode Electronics (MEI)

Target Type	Value
Downside Intraday Target	11.93
Downside Intraday Target	11.66
Upside Intraday Target	12.42
Upside Intraday Target	12.64
Downside Intraday Target	12.15

Weekly technical analysis of Methode Electronics (MEI)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	12.20	11.93	12.37	11.88	0.321 times
24 Fri May 2024	11.75	12.34	12.45	11.55	0.888 times
17 Fri May 2024	12.35	11.03	12.53	11.00	0.75 times
10 Fri May 2024	10.87	12.50	12.58	10.83	1.683 times
03 Fri May 2024	12.34	12.34	12.66	11.84	0.618 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 Methode Electronics (MEI)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Tue May 2024	12.20	12.20	12.66	10.83	0.623 times
30 Tue Apr 2024	12.19	12.15	12.75	11.09	0.549 times
28 Thu Mar 2024	12.18	21.35	21.77	11.21	4.101 times
29 Thu Feb 2024	21.30	20.86	22.20	19.91	0.862 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 Methode Electronics (MEI)

Price action analysis of Methode Electronics ( (MEI) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Methode Electronics ( (MEI) ) 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 Methode Electronics ( (MEI) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Methode Electronics ( (MEI) ) 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 Methode Electronics stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Methode Electronics 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.

Methode Electronics 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Methode Electronics 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 Methode Electronics is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.08 and Methode Electronics (MEI) 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 Methode Electronics (MEI) stock. Volume based technical analysis of Methode Electronics (MEI) stock is negative.

Methode Electronics Stock is giving positive 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.