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

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

Showing technical analysis as on 2024-04-04 View latest technical analysis

10 day averaged volume of Metalyst Forgings is 11856

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	4.40	4.45	4.45	4.05	1.574 times
03 Wed Apr 2024	4.25	4.20	4.25	4.00	1.043 times
02 Tue Apr 2024	4.05	3.90	4.05	3.90	0.787 times
01 Mon Apr 2024	3.90	3.60	3.90	3.60	2.114 times
28 Thu Mar 2024	3.75	3.75	3.75	3.75	1.417 times
27 Wed Mar 2024	3.95	3.95	3.95	3.95	0.612 times
26 Tue Mar 2024	4.15	4.15	4.15	4.15	1.378 times
22 Fri Mar 2024	4.35	4.35	4.35	4.35	0.318 times
21 Thu Mar 2024	4.55	4.75	4.75	4.55	1.034 times
20 Wed Mar 2024	4.75	4.90	5.00	4.75	0.628 times

My analysis of stock is bearish for shortterm, and stock might move down till 4.1 or till 3.5. Use a stoploss of 4.59 and if the stock hits stoploss, then it can shoot up till 5.06

Share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Target	3.55
Downside Target	3.70
Downside Target	4.15
Downside Target	4.35
Upside Target	4.45
Upside Target	4.60
Upside Target	4.80
Upside Target	4.85
Upside Target	5.30
Upside Target	5.35
Upside Target	5.40

Intraday share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Intraday Target	3.85
Downside Intraday Target	3.3
Upside Intraday Target	4.7
Upside Intraday Target	5
Downside Intraday Target	4.15

Weekly technical analysis of Metalyst Forgings (METALFORGE_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	4.40	3.60	4.45	3.60	1.62 times
28 Thu Mar 2024	3.75	4.15	4.15	3.75	1.084 times
22 Fri Mar 2024	4.35	5.10	5.30	4.35	0.147 times
15 Fri Mar 2024	5.10	4.95	5.40	4.85	6.06 times
07 Thu Mar 2024	4.80	4.20	4.80	4.20	0.68 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Metalyst Forgings (METALFORGE_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	4.40	3.60	4.45	3.60	0.162 times
28 Thu Mar 2024	3.75	3.85	5.40	3.75	6.801 times
26 Mon Feb 2024	3.70	4.40	4.60	3.70	0.251 times
29 Mon Jan 2024	4.40	3.55	5.35	3.55	2.404 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_BZ)

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) based on a short 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 Metalyst Forgings ( (METALFORGE_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 Metalyst Forgings ( (METALFORGE_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 Metalyst Forgings stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Metalyst Forgings in short term and the sell signal is strong.

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. Bears are weakening, and bulls 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 buy signal for Metalyst Forgings in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 Metalyst Forgings is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.16 and Metalyst Forgings (METALFORGE_BZ) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Metalyst Forgings (METALFORGE_BZ) stock. Volume based technical analysis of Metalyst Forgings (METALFORGE_BZ) stock is negative.

Metalyst Forgings 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.