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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 331200

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	8.35	8.40	8.50	8.25	0.625 times
27 Thu Jun 2024	8.40	8.65	8.65	8.40	0.806 times
26 Wed Jun 2024	8.65	8.50	8.75	8.50	0.924 times
25 Tue Jun 2024	8.50	8.35	8.55	8.35	0.707 times
24 Mon Jun 2024	8.35	8.75	8.75	7.80	1.377 times
21 Fri Jun 2024	8.50	8.60	8.65	8.50	0.616 times
20 Thu Jun 2024	8.60	8.75	9.00	8.60	1.014 times
19 Wed Jun 2024	8.65	8.60	8.70	8.50	1.033 times
18 Tue Jun 2024	8.45	8.60	8.60	8.35	1.486 times
14 Fri Jun 2024	8.40	8.45	8.45	8.35	0.562 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.4, but if it comes above 8.4, then a intra day buy could be more profitable.
If you take a sell trade below 8.4, then use 8.4 as stoploss and 8.2 as target. However if you take a buy trade in stock , then use 8.4 as stoploss and 8.56 as target.

Share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Target	7.80
Downside Target	8.00
Downside Target	8.25
Upside Target	8.60
Upside Target	9.10
Upside Target	9.20
Upside Target	9.25
Upside Target	10.05
Upside Target	11.80
Upside Target	12.50

Intraday share price targets for Bright Solar (BRIGHT_SM)

Target Type	Value
Downside Intraday Target	7.85
Downside Intraday Target	7.35
Upside Intraday Target	8.8
Upside Intraday Target	9.25
Downside Intraday Target	8.3

Weekly technical analysis of Bright Solar (BRIGHT_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	8.35	8.75	8.75	7.80	1.07 times
21 Fri Jun 2024	8.50	8.60	9.00	8.35	0.944 times
14 Fri Jun 2024	8.40	8.50	8.90	8.30	1.138 times
07 Fri Jun 2024	8.45	8.95	9.25	8.25	1.511 times
31 Fri May 2024	8.70	8.65	9.20	8.60	0.986 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
28 Fri Jun 2024	8.35	8.95	9.25	7.80	1.61 times
31 Fri May 2024	8.70	9.05	9.20	7.80	1.076 times
30 Tue Apr 2024	9.00	8.00	10.05	8.00	0.78 times
28 Thu Mar 2024	8.15	10.75	11.80	8.00	0.28 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 Strong and stock is gaining momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Bright Solar in short term and SELL 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 8.49 and Bright Solar (BRIGHT_SM) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.