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 2024-04-09 View latest technical analysis

10 day averaged volume of Bright Solar is 191400

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	9.50	9.50	9.65	9.25	0.627 times
08 Mon Apr 2024	9.40	9.85	9.85	9.30	0.674 times
05 Fri Apr 2024	9.70	10.05	10.05	9.35	2.21 times
04 Thu Apr 2024	9.80	9.80	9.80	9.75	1.066 times
03 Wed Apr 2024	9.35	9.35	9.35	9.25	0.439 times
02 Tue Apr 2024	8.95	8.70	8.95	8.60	1.034 times
01 Mon Apr 2024	8.55	8.00	8.55	8.00	0.705 times
28 Thu Mar 2024	8.15	8.00	8.20	8.00	0.893 times
27 Wed Mar 2024	8.25	8.60	8.70	8.25	1.395 times
26 Tue Mar 2024	8.65	8.80	8.80	8.55	0.627 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 9.4, but if it comes below 9.4, then a intra day sell could be more profitable.
If you take a sell trade below 9.4, then use 9.4 as stoploss and 8.99 as target. However if you take a buy trade in stock , then use 9.4 as stoploss and 10 as target.

Share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Target	5.45
Downside Target	8.00
Downside Target	8.20
Downside Target	8.50
Downside Target	8.80
Downside Target	9.10
Downside Target	9.45
Upside Target	9.85
Upside Target	10.05
Upside Target	10.20
Upside Target	11.80
Upside Target	12.50

Intraday share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Intraday Target	9.22
Downside Intraday Target	8.93
Upside Intraday Target	9.82
Upside Intraday Target	10.13
Upside Intraday Target	9.53

Weekly technical analysis of Bright Solar (BRIGHT_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	9.50	9.85	9.85	9.25	0.239 times
05 Fri Apr 2024	9.70	8.00	10.05	8.00	1.871 times
28 Thu Mar 2024	8.15	8.80	8.80	8.00	0.765 times
22 Fri Mar 2024	8.70	9.10	9.35	8.50	0.599 times
15 Fri Mar 2024	8.95	9.90	10.20	8.25	0.904 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
09 Tue Apr 2024	9.50	8.00	10.05	8.00	0.313 times
28 Thu Mar 2024	8.15	10.75	11.80	8.00	0.28 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bright Solar ( (BRIGHT_SM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bright Solar ( (BRIGHT_SM) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD generated a BUY signal for Bright Solar in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bright Solar Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.08 and Bright Solar (BRIGHT_SM) 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 Bright Solar (BRIGHT_SM) stock. Volume based technical analysis of Bright Solar (BRIGHT_SM) stock is negative.

Bright Solar 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.