Europe - EBR:MELE - BE0165385973 - Common Stock
We assign a technical rating of 0 out of 10 to MELE. MELE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MELE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 68.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MELE in the last couple of days, which is a good sign.
63.56
2 important support areas can be observed.
We can see 3 important resistance areas.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MELE.BR is neutral. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MELE.BR is down. |
ChartMill Relative Strength | 14.83 | NEGATIVE | MELE.BR has a low relative strength, it was outperformed by 85.17% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MELE.BR is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MELE.BR is below a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MELE.BR is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 47.38 | NEUTRAL | The RSI value for MELE.BR is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MELE.BR has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 42.1 | NEUTRAL | The Stochastics value for MELE.BR is a neutral value. |
Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MELE.BR suggests some volalility. |
Average Directional Index/ADX (14) | 14.88 | NEGATIVE | The low ADX value for MELE.BR suggests a weak or negative trend. |
EBR:MELE (9/19/2025, 7:00:00 PM)
66.2
+0.05 (+0.08%)