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(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 273300

Date Daily Closing Price Open High Low Volume
14 Fri Jun 2024 8.40 8.45 8.45 8.35 0.681 times
13 Thu Jun 2024 8.35 8.65 8.70 8.30 1.789 times
12 Wed Jun 2024 8.55 8.60 8.90 8.50 1.01 times
11 Tue Jun 2024 8.65 8.70 8.70 8.50 1.076 times
10 Mon Jun 2024 8.60 8.50 8.75 8.40 0.768 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.5, but if it comes above 8.5, then a intra day buy could be more profitable.
If you take a sell trade below 8.5, then use 8.5 as stoploss and 8.3 as target. However if you take a buy trade in stock , then use 8.5 as stoploss and 8.67 as target.

Share price targets for Bright Solar (BRIGHT_SM)

Target Type Value
Downside Target 7.80
Downside Target 8.00
Downside Target 8.25
Upside Target 8.90
Upside Target 9.20
Upside Target 9.25
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 8.17
Downside Intraday Target 7.93
Upside Intraday Target 8.77
Upside Intraday Target 9.13
Upside Intraday Target 8.53

Weekly technical analysis of Bright Solar (BRIGHT_SM)

Date Weekly Closing Price Open High Low Volume
14 Fri Jun 2024 8.40 8.50 8.90 8.30 1.138 times
07 Fri Jun 2024 8.45 8.95 9.25 8.25 1.511 times
31 Fri May 2024 8.70 8.65 9.20 8.60 0.907 times
24 Fri May 2024 8.55 8.90 9.20 8.45 0.963 times
17 Fri May 2024 8.65 8.50 9.00 7.80 2.044 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
14 Fri Jun 2024 8.40 8.95 9.25 8.25 0.789 times
31 Fri May 2024 8.70 9.05 9.20 7.80 1.076 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

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 17, 14, 9 Buy
MACD -0, -0Sell
Stochastics 18Sell
CCI -126Sell
RSI 57Buy
OBV -363000Sell
VWAP 9Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Bright Solar ( (BRIGHT_SM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bright Solar ( (BRIGHT_SM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bright Solar ( (BRIGHT_SM) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Bright Solar in short term and the sell signal is strong.

Bright Solar 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 in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Bright Solar in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 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 8.61 and Bright Solar (BRIGHT_SM) 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 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.

Click here for Bright Solar charts

Click here for further forecast and predictions for tomorrow

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