(MELSTAR_BZ) Melstar Information complete technical analysis [charts+indicators] | Buy/Sell Melstar Information | (MELSTAR_BZ) share price targets
Complete technical analysis of Melstar Information (MELSTAR_BZ) by charts plus indicators, forecast predictions and share price targets for Melstar Information (MELSTAR_BZ)
10 day averaged volume of Melstar Information is 1306
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 5.00 | 5.00 | 5.00 | 4.60 | 2.724 times |
| 16 Thu May 2024 | 4.85 | 4.60 | 4.85 | 4.60 | 0.403 times |
| 15 Wed May 2024 | 4.70 | 4.80 | 4.85 | 4.60 | 2.748 times |
| 14 Tue May 2024 | 4.70 | 4.60 | 4.75 | 4.35 | 0.858 times |
| 13 Mon May 2024 | 4.55 | 4.40 | 4.55 | 4.40 | 1.457 times |
Stock of Melstar Information (MELSTAR_BZ) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4.9, but if it comes below 4.9, then a intra day sell could be more profitable.
If you take a sell trade below 4.9, then use 4.9 as stoploss and 4.66 as target. However if you take a buy trade in stock , then use 4.9 as stoploss and 5.2 as target.
Share price targets for Melstar Information (MELSTAR_BZ)
| Target Type | Value |
| Downside Target | 4.10 |
| Downside Target | 4.35 |
| Downside Target | 4.45 |
| Downside Target | 4.90 |
| Downside Target | 5.00 |
| Upside Target | 5.10 |
| Upside Target | 5.70 |
| Upside Target | 5.75 |
| Upside Target | 6.00 |
| Upside Target | 6.30 |
Intraday share price targets for Melstar Information (MELSTAR_BZ)
| Target Type | Value |
| Downside Intraday Target | 4.57 |
| Downside Intraday Target | 4.13 |
| Upside Intraday Target | 5.22 |
| Upside Intraday Target | 5.43 |
| Downside Intraday Target | 4.78 |
Weekly technical analysis of Melstar Information (MELSTAR_BZ)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 5.00 | 4.40 | 5.00 | 4.35 | 4.534 times |
| 10 Fri May 2024 | 4.35 | 4.45 | 4.45 | 4.35 | 0.724 times |
| 03 Fri May 2024 | 4.45 | 4.60 | 4.60 | 4.45 | 0.193 times |
| 26 Fri Apr 2024 | 4.60 | 4.90 | 4.90 | 4.55 | 3.158 times |
| 19 Fri Apr 2024 | 4.90 | 5.10 | 5.10 | 4.90 | 0.971 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 Melstar Information (MELSTAR_BZ)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 5.00 | 4.45 | 5.00 | 4.35 | 0.186 times |
| 29 Mon Apr 2024 | 4.50 | 4.65 | 5.70 | 4.50 | 0.435 times |
| 28 Thu Mar 2024 | 4.70 | 5.65 | 5.75 | 4.45 | 1.234 times |
| 29 Thu Feb 2024 | 5.50 | 6.00 | 6.00 | 5.00 | 1.532 times |
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 Melstar Information (MELSTAR_BZ)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 44, 28, 23 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 90 | Buy |
| CCI | 139 | Buy |
| RSI | 62 | Buy |
| OBV | -4872 | Sell |
| VWAP | 5 | Buy |
| ADL | 0 | Sell |
| ROC | 12 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Melstar Information ( (MELSTAR_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 Melstar Information ( (MELSTAR_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 Melstar Information ( (MELSTAR_BZ) ) based on a short to mid 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 Melstar Information ( (MELSTAR_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 Melstar Information stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Melstar Information 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.
Melstar Information Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 buy signal for Melstar Information in short term and BUY 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
Stock of Melstar Information is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 4.71 and Melstar Information (MELSTAR_BZ) 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 Melstar Information (MELSTAR_BZ) stock. Volume based technical analysis of Melstar Information (MELSTAR_BZ) stock is negative.
Melstar Information Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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