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(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)

10 day averaged volume of Bright Solar is 75300

Date Daily Closing Price Open High Low Volume
02 Tue Mar 2021 13.80 13.85 13.85 13.80 0.319 times
01 Mon Mar 2021 13.85 13.55 14.00 13.55 0.359 times
25 Thu Feb 2021 13.10 13.10 13.10 13.10 0.359 times
24 Wed Feb 2021 12.50 12.85 12.85 12.35 0.837 times
23 Tue Feb 2021 12.95 13.35 13.35 12.70 0.398 times
22 Mon Feb 2021 12.85 13.05 13.95 12.80 1.155 times
19 Fri Feb 2021 13.35 12.50 13.35 12.50 0.956 times
18 Thu Feb 2021 12.75 12.50 13.05 12.50 1.235 times
17 Wed Feb 2021 12.50 12.40 12.85 12.25 0.956 times
16 Tue Feb 2021 12.40 11.75 12.50 11.65 1.633 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.5, but if it comes below 13.5, then a intra day sell could be more profitable.
If you take a sell trade below 13.5, then use 13.5 as stoploss and 11.82 as target. However if you take a buy trade in stock , then use 13.5 as stoploss and 15.6 as target.

Share price targets for Bright Solar (BRIGHT_SM)

Target Type Value
Downside Target 5.90
Downside Target 6.10
Downside Target 6.75
Downside Target 7.65
Downside Target 8.30
Downside Target 8.50
Downside Target 9.65
Downside Target 10.60
Downside Target 11.65
Downside Target 12.35
Downside Target 12.95
Downside Target 13.45
Upside Target 13.95
Upside Target 14.00

Intraday share price targets for Bright Solar (BRIGHT_SM)

Target Type Value
Downside Intraday Target 13.57
Downside Intraday Target 13.33
Upside Intraday Target 14.02
Upside Intraday Target 14.23
Downside Intraday Target 13.78

Weekly technical analysis of Bright Solar (BRIGHT_SM)

Date Weekly Closing Price Open High Low Volume
02 Tue Mar 2021 13.80 13.55 14.00 13.55 0.246 times
25 Thu Feb 2021 13.10 13.05 13.95 12.35 0.399 times
19 Fri Feb 2021 13.35 13.40 13.45 11.65 0.477 times
12 Fri Feb 2021 12.85 10.60 12.95 10.60 3.989 times
05 Fri Feb 2021 9.65 8.00 9.65 7.65 9.1 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 Bright Solar (BRIGHT_SM)

Date Monthly Closing Price Open High Low Volume
02 Tue Mar 2021 13.80 13.55 14.00 13.55 0.024 times
25 Thu Feb 2021 13.10 8.00 13.95 7.65 1.326 times
29 Fri Jan 2021 7.95 7.90 8.50 6.80 3.947 times
31 Thu Dec 2020 7.60 6.35 8.30 6.10 1.304 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 48, 10, 64 Buy
MACD 2, 2Buy
Stochastics 83Buy
CCI 138Buy
RSI 58Buy
OBV 1461000Sell
VWAP 13Buy
ADL 0Sell
ROC 13Buy
Force Index 0Sell

Price action analysis of Bright Solar ( (BRIGHT_SM) ) based on a short 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 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 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 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 Strong 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Bright Solar in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 12.82 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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