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(MELSTAR_BZ) Melstar Information complete technical analysis [charts+indicators] | Buy/Sell Melstar Information | (MELSTAR_BZ) share price targets

Complete technical analysis of Melstar Information (MELSTAR_BZ) by charts plus indicators, forecast predictions and share price targets for Melstar Information (MELSTAR_BZ)

Showing technical analysis as on 2024-03-19 View latest technical analysis

10 day averaged volume of Melstar Information is 11960

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	4.65	4.65	4.65	4.45	0.009 times
18 Mon Mar 2024	4.65	4.70	4.70	4.60	0.036 times
15 Fri Mar 2024	4.75	5.25	5.25	4.75	0.207 times
14 Thu Mar 2024	5.00	4.80	5.00	4.60	0.439 times
13 Wed Mar 2024	4.80	5.05	5.05	4.80	0.039 times
12 Tue Mar 2024	5.05	5.50	5.50	5.05	0.814 times
11 Mon Mar 2024	5.30	5.50	5.50	5.00	0.194 times
07 Thu Mar 2024	5.25	5.70	5.75	5.25	4.988 times
06 Wed Mar 2024	5.50	5.50	5.50	5.00	0.941 times
05 Tue Mar 2024	5.25	5.30	5.30	4.80	1.361 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4.6, for a target of 4.9 or 5.14

Share price targets for Melstar Information (MELSTAR_BZ)

Target Type	Value
Downside Target	2.25
Downside Target	4.10
Downside Target	4.30
Downside Target	4.45
Downside Target	4.55
Upside Target	4.70
Upside Target	4.80
Upside Target	5.00
Upside Target	5.30
Upside Target	5.50
Upside Target	5.75
Upside Target	6.00
Upside Target	6.30

Intraday share price targets for Melstar Information (MELSTAR_BZ)

Target Type	Value
Downside Intraday Target	4.5
Downside Intraday Target	4.35
Upside Intraday Target	4.75
Upside Intraday Target	4.85
Downside Intraday Target	4.6

Weekly technical analysis of Melstar Information (MELSTAR_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	4.65	4.70	4.70	4.45	0.027 times
15 Fri Mar 2024	4.75	5.50	5.50	4.60	0.205 times
07 Thu Mar 2024	5.25	5.30	5.75	4.80	0.785 times
02 Sat Mar 2024	5.30	5.45	5.75	5.05	2.767 times
23 Fri Feb 2024	5.20	5.30	5.30	5.00	1.887 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 Melstar Information (MELSTAR_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	4.65	5.65	5.75	4.45	1.036 times
29 Thu Feb 2024	5.50	6.00	6.00	5.00	1.532 times
31 Wed Jan 2024	6.00	4.25	6.30	4.10	0.769 times
29 Fri Dec 2023	4.25	4.15	4.55	4.10	0.466 times

Scroll below to view daily charts

Price has moved down 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 Melstar Information (MELSTAR_BZ)

Price action analysis of Melstar Information ( (MELSTAR_BZ) ) based on a short 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 Melstar Information ( (MELSTAR_BZ) ) 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 Melstar Information ( (MELSTAR_BZ) ) 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 Melstar Information stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Melstar Information in short term and the sell signal is strong.

Melstar Information Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Melstar Information in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 Melstar Information is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.23 and Melstar Information (MELSTAR_BZ) 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 Melstar Information (MELSTAR_BZ) stock. Volume based technical analysis of Melstar Information (MELSTAR_BZ) stock is negative.

Melstar Information 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.