Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(BRIGHT_SM) Bright Solar complete technical analysis [charts+indicators] | Buy/Sell Bright Solar | (BRIGHT_SM) share price targets

Complete technical analysis of Bright Solar (BRIGHT_SM) by charts plus indicators, forecast predictions and share price targets for Bright Solar (BRIGHT_SM)

Showing technical analysis as on 2024-03-04 View latest technical analysis

10 day averaged volume of Bright Solar is 371100

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	10.70	11.80	11.80	10.70	1.358 times
02 Sat Mar 2024	11.25	11.25	11.25	11.25	0.299 times
01 Fri Mar 2024	10.75	10.75	10.75	10.70	0.445 times
29 Thu Feb 2024	10.25	9.45	10.25	9.35	1.552 times
28 Wed Feb 2024	9.80	9.80	9.80	9.80	0.404 times
27 Tue Feb 2024	10.30	10.80	10.80	10.30	0.736 times
26 Mon Feb 2024	10.80	10.85	11.80	10.80	1.172 times
23 Fri Feb 2024	11.35	12.50	12.50	11.35	4.018 times
22 Thu Feb 2024	11.95	11.95	11.95	11.95	0.59 times
21 Wed Feb 2024	11.40	11.40	11.40	11.40	0.445 times

My analysis of stock is bearish for shortterm, and stock might move down till 10 or till 9.2. Use a stoploss of 10.73 and if the stock hits stoploss, then it can shoot up till 11.42

Share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Target	5.00
Downside Target	5.45
Downside Target	5.80
Downside Target	8.20
Downside Target	9.10
Downside Target	9.35
Downside Target	10.15
Downside Target	10.55
Upside Target	11.80
Upside Target	12.45
Upside Target	12.50

Intraday share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Intraday Target	10.33
Downside Intraday Target	9.97
Upside Intraday Target	11.43
Upside Intraday Target	12.17
Upside Intraday Target	11.07

Weekly technical analysis of Bright Solar (BRIGHT_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	10.70	11.80	11.80	10.70	0.295 times
02 Sat Mar 2024	11.25	10.85	11.80	9.35	0.751 times
23 Fri Feb 2024	11.35	10.35	12.50	10.15	0.568 times
16 Fri Feb 2024	9.95	10.55	10.55	9.10	0.624 times
09 Fri Feb 2024	11.10	10.85	12.45	10.85	7.989 times

Price has moved down 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 Bright Solar (BRIGHT_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	10.70	10.75	11.80	10.70	0.053 times
29 Thu Feb 2024	10.25	9.90	12.50	9.10	74.485 times
31 Wed Jan 2024	9.45	9.45	9.45	9.45	0.03 times
13 Wed Dec 2023	6.75	5.65	8.20	5.45	2.879 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 Bright Solar (BRIGHT_SM)

Price action analysis of Bright Solar ( (BRIGHT_SM) ) 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 Bright Solar ( (BRIGHT_SM) ) 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 Bright Solar ( (BRIGHT_SM) ) 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 Bright Solar ( (BRIGHT_SM) ) 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 Bright Solar stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Bright Solar in short term but the sell signal is initial and weak.

Bright Solar 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. Bears are weakening, and bulls 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 Bright Solar in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bright Solar is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 10.94 and Bright Solar (BRIGHT_SM) 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 Bright Solar (BRIGHT_SM) stock. Volume based technical analysis of Bright Solar (BRIGHT_SM) stock is negative.

Bright Solar Stock has given negative 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.