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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)

10 day averaged volume of Metalyst Forgings is 7885

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	4.05	4.05	4.05	4.05	3.774 times
16 Thu May 2024	4.25	4.30	4.60	4.25	0.743 times
15 Wed May 2024	4.40	4.75	4.75	4.35	0.953 times
14 Tue May 2024	4.55	4.15	4.55	4.15	2.313 times
13 Mon May 2024	4.35	4.30	4.35	4.30	0.102 times
10 Fri May 2024	4.30	4.30	4.35	4.30	0.659 times
09 Thu May 2024	4.50	4.50	4.55	4.25	0.511 times
08 Wed May 2024	4.45	4.25	4.55	4.25	1.115 times
07 Tue May 2024	4.40	4.30	4.60	4.25	0.358 times
06 Mon May 2024	4.45	4.60	4.60	4.30	0.335 times

Stock of Metalyst Forgings (METALFORGE_BZ) has showed a significant fall. This could be a good time to exit from this stock.

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, for a target of 4.3 or 4.53

Share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Target	3.55
Downside Target	3.70
Downside Target	4.05
Upside Target	4.25
Upside Target	4.50
Upside Target	4.60
Upside Target	4.75
Upside Target	4.85
Upside Target	4.90
Upside Target	5.05
Upside Target	5.10
Upside Target	5.35
Upside Target	5.40

Intraday share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Intraday Target	3.82
Downside Intraday Target	3.58
Upside Intraday Target	4.52
Upside Intraday Target	4.98
Upside Intraday Target	4.28

Weekly technical analysis of Metalyst Forgings (METALFORGE_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	4.05	4.30	4.75	4.05	2.649 times
10 Fri May 2024	4.30	4.60	4.60	4.25	0.259 times
03 Fri May 2024	4.50	4.85	5.05	4.30	1.742 times
26 Fri Apr 2024	4.85	4.55	5.10	4.30	0.935 times
19 Fri Apr 2024	4.50	4.85	4.85	4.50	1.132 times

Price has moved down 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
17 Fri May 2024	4.05	4.75	4.90	4.05	0.554 times
30 Tue Apr 2024	4.70	3.60	5.10	3.60	0.685 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

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 Metalyst Forgings (METALFORGE_BZ)

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) 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 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 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 Weak and stock is gaining momentum.

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

Metalyst Forgings 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 Metalyst Forgings in short term and SELL 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 4.3 and Metalyst Forgings (METALFORGE_BZ) stock is trading below this level. This means that stock is falling with high volumes. 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.