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(METALFORGE_BE) Metalyst Forgings complete technical analysis [charts+indicators] | Buy/Sell Metalyst Forgings | (METALFORGE_BE) share price targets

Complete technical analysis of Metalyst Forgings (METALFORGE_BE) by charts plus indicators, forecast predictions and share price targets for Metalyst Forgings (METALFORGE_BE)

10 day averaged volume of Metalyst Forgings is 11430

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 5.40 5.50 5.50 5.05 1.27 times
15 Thu Apr 2021 5.25 5.35 5.60 5.20 0.986 times
13 Tue Apr 2021 5.35 5.30 5.50 5.00 1.851 times
12 Mon Apr 2021 5.25 5.25 5.40 5.10 0.459 times
09 Fri Apr 2021 5.30 5.25 5.65 5.25 1.5 times
08 Thu Apr 2021 5.50 5.30 5.55 5.05 1.501 times
07 Wed Apr 2021 5.30 5.50 5.55 5.25 0.374 times
06 Tue Apr 2021 5.50 5.25 5.50 5.25 0.697 times
05 Mon Apr 2021 5.25 5.25 5.35 4.90 0.566 times
01 Thu Apr 2021 5.10 5.00 5.25 4.80 0.956 times

My analysis of stock is bearish for shortterm, and stock might move down till 5.1 or till 4.8. Use a stoploss of 5.42 and if the stock hits stoploss, then it can shoot up till 5.72

Share price targets for Metalyst Forgings (METALFORGE_BE)

Target Type Value
Downside Target 4.40
Downside Target 4.75
Downside Target 4.90
Downside Target 5.00
Downside Target 5.30
Upside Target 5.60
Upside Target 5.65
Upside Target 5.90
Upside Target 6.30
Upside Target 6.50
Upside Target 8.30

Intraday share price targets for Metalyst Forgings (METALFORGE_BE)

Target Type Value
Downside Intraday Target 5.07
Downside Intraday Target 4.73
Upside Intraday Target 5.67
Upside Intraday Target 5.93
Downside Intraday Target 5.33

Weekly technical analysis of Metalyst Forgings (METALFORGE_BE)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 5.40 5.25 5.60 5.00 0.985 times
09 Fri Apr 2021 5.30 5.25 5.65 4.90 1.808 times
01 Thu Apr 2021 5.10 5.05 5.30 4.80 0.579 times
26 Fri Mar 2021 5.30 5.45 5.90 5.05 0.495 times
19 Fri Mar 2021 5.70 5.70 6.50 5.45 1.797 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 Metalyst Forgings (METALFORGE_BE)

Date Monthly Closing Price Open High Low Volume
16 Fri Apr 2021 5.40 5.00 5.65 4.80 0.364 times
31 Wed Mar 2021 5.00 5.25 6.50 4.80 5.428 times
25 Thu Feb 2021 5.10 4.85 5.40 4.40 0.14 times
29 Fri Jan 2021 4.80 5.35 8.30 4.75 2.132 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 Metalyst Forgings (METALFORGE_BE)

Indicator Name Indicator Value Indicator Signal
ADX 13, 20, 23 Sell
MACD -0, -0Buy
Stochastics 63None
CCI 15Sell
RSI 55Buy
OBV 48508Sell
VWAP 5Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Metalyst Forgings ( (METALFORGE_BE) ) 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 Metalyst Forgings ( (METALFORGE_BE) ) based on a short term time period is

Price action analysis of Metalyst Forgings ( (METALFORGE_BE) ) 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 Metalyst Forgings ( (METALFORGE_BE) ) 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 Metalyst Forgings stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Metalyst Forgings in short term but the buy signal is initial and weak.

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

Metalyst Forgings 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 stronger in this stock.

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 Metalyst Forgings 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 Metalyst Forgings is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.34 and Metalyst Forgings (METALFORGE_BE) 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 Metalyst Forgings (METALFORGE_BE) stock. Volume based technical analysis of Metalyst Forgings (METALFORGE_BE) stock is negative.

Metalyst Forgings 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.

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Daily charts

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