(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 173400
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 8.55 | 8.65 | 8.75 | 8.45 | 1.194 times |
| 21 Tue May 2024 | 8.65 | 9.20 | 9.20 | 8.55 | 1.903 times |
| 20 Mon May 2024 | 9.00 | 8.90 | 9.00 | 8.90 | 0.433 times |
| 17 Fri May 2024 | 8.65 | 9.00 | 9.00 | 8.50 | 1.453 times |
| 16 Thu May 2024 | 8.60 | 8.60 | 8.60 | 8.50 | 0.865 times |
My analysis of stock is bearish for shortterm, and stock might move down till 8.4 or till 8. Use a stoploss of 8.68 and if the stock hits stoploss, then it can shoot up till 9
Share price targets for Bright Solar (BRIGHT_SM)
| Target Type | Value |
| Downside Target | 7.80 |
| Downside Target | 8.00 |
| Downside Target | 8.35 |
| Upside Target | 8.65 |
| Upside Target | 9.00 |
| Upside Target | 9.20 |
| Upside Target | 9.25 |
| Upside Target | 9.45 |
| 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 | 8.27 |
| Downside Intraday Target | 7.98 |
| Upside Intraday Target | 9.02 |
| Upside Intraday Target | 9.48 |
| Upside Intraday Target | 8.73 |
Weekly technical analysis of Bright Solar (BRIGHT_SM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 8.55 | 8.90 | 9.20 | 8.45 | 0.632 times |
| 17 Fri May 2024 | 8.65 | 8.50 | 9.00 | 7.80 | 2.044 times |
| 10 Fri May 2024 | 8.45 | 9.10 | 9.10 | 8.35 | 0.667 times |
| 03 Fri May 2024 | 8.90 | 8.95 | 9.25 | 8.75 | 1.087 times |
| 26 Fri Apr 2024 | 8.95 | 8.85 | 9.10 | 8.65 | 1.397 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 |
| 22 Wed May 2024 | 8.55 | 9.05 | 9.20 | 7.80 | 0.714 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 |
| 29 Thu Feb 2024 | 10.25 | 9.90 | 12.50 | 9.10 | 74.485 times |
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 Bright Solar (BRIGHT_SM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 24, 34, 18 | Sell |
| MACD | -0, -0 | Buy |
| Stochastics | 71 | Buy |
| CCI | 22 | Sell |
| RSI | 60 | Buy |
| OBV | -1002000 | Sell |
| VWAP | 8 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
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 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 Bright Solar ( (BRIGHT_SM) ) 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Bright Solar in short term but the buy signal is initial and weak.
Bright Solar Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Bright Solar in short term but SELL signal is weak.
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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Bright Solar is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 8.42 and Bright Solar (BRIGHT_SM) 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 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.
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